【真灼机构观点】港股 “七连跌” 100 天线支撑成关键

Market Performance - The A-share market saw declines with the Shenzhen Composite Index dropping 2.54% to close at 12,895 points, while the Shanghai Composite Index fell 0.62% to 3,865 points, with a total trading volume of approximately 2.57 trillion RMB [3] - The Hong Kong stock market also experienced a downturn, with the Hang Seng Index closing at 25,441 points, down 1.73%, and the Hang Seng Tech Index falling over 3.7% to 5,923 points, with trading volume nearing 400 billion HKD [3] Sector Performance - Semiconductor stocks were notably weak, with SMIC (00981.HK) declining by 8.5%. Pharmaceutical stocks also faced significant losses, with CSPC Pharmaceutical (01093.HK) down over 7%, and China Biologic Products (01177.HK) and Hansoh Pharmaceutical (03692.HK) falling by 5.4% and 5.3%, respectively [3] - Technology stocks were heavily impacted, with Kuaishou-W (01024.HK) dropping nearly 6.8%, Baidu Group-SW (09888.HK) down 5.4%, and Alibaba-SW (09988.HK) falling 4.3%. Tencent Holdings (00700.HK) also saw a decline of over 2.8%, reaching a new low in at least a month [3] Investment Trends - There was a shift in investor sentiment towards income-generating stocks, with China Merchants Bank (03968.HK) rising nearly 4.7%, marking it as the best-performing constituent stock. The four major state-owned banks saw increases ranging from 0.9% to 2.3% [3]