中国资产反攻，A、港AI蓄力领涨，电子ETF、港股互联网ETF劲升逾2.5%，资金高歌猛进，医药强势回血

Market Overview - On October 15, A-shares and Hong Kong stocks rebounded, with the Shanghai Composite Index rising 1.22% to return above 3900 points, and the ChiNext Index leading with a 2.36% increase [1] - The Hang Seng Index ended a seven-day decline with a 1.84% rise, while the Hang Seng Tech Index surged by 2.57% [1] Domestic Economic Indicators - The National Bureau of Statistics reported that the Producer Price Index (PPI) fell by 2.3% year-on-year in September, with a month-on-month decline narrowing by 0.6 percentage points [2] - The Core Consumer Price Index (CPI) increased by 1.0% year-on-year, marking the first time in 19 months that the growth rate returned to 1% [2] Global Economic Factors - Expectations for a Federal Reserve interest rate cut have strengthened, with a 97.3% probability of a 25 basis point cut in October according to CME FedWatch [2] - The market is reacting positively to these developments, with significant activity in sectors such as electric power equipment and electronics, driven by AI's impact on the electronic industry [2] Sector Performance - The electronic sector saw strong performance, with the Electronic ETF (515260) rising by 2.63% and attracting nearly 13 billion yuan in main capital purchases [5] - Key stocks in the electronic sector included Shengyi Technology, which hit the daily limit, and other notable gains from companies like Wenshan Technology and Luxshare Precision [7] AI and Semiconductor Trends - Analysts believe that AI is reshaping the value of the electronic industry, with a surge in demand for AI computing power creating new growth opportunities [11] - The semiconductor sector is experiencing upward momentum, with domestic companies expected to benefit significantly from advancements in AI technology [10] Hong Kong Stock Market Insights - The Hong Kong stock market is showing signs of recovery, with major tech stocks like Alibaba and Tencent experiencing notable gains [12][17] - The Hong Kong Internet ETF (513770) has seen a significant inflow of funds, indicating strong buying interest despite recent volatility [15] Pharmaceutical Sector Developments - The pharmaceutical sector is gearing up for the ESMO conference, with expectations for policy adjustments and increased focus on innovative drugs in the fourth quarter [4] - The Hong Kong Innovation Drug ETF (520880) has rebounded over 2%, reflecting a broader recovery in the pharmaceutical market [27] Investment Opportunities - The electronic and pharmaceutical sectors are highlighted as key areas for investment, with ETFs tracking these industries showing strong performance [12][30] - The AI-driven transformation in the electronic sector and the upcoming pharmaceutical events present potential investment opportunities for market participants [11][29]