港股市场迎来修复短期震荡不改长期上行趋势

Market Overview - The Hong Kong stock market has experienced continuous fluctuations since October, with the Hang Seng Index dropping from 27,000 points to nearly 25,000 points, a decline of over 2,000 points [1] - On October 21, the market showed signs of recovery, with the Hang Seng Index rising by 0.65% to 26,027.55 points, the Hang Seng China Enterprises Index increasing by 0.76% to 9,302.66 points, and the Hang Seng Tech Index climbing by 1.26% to 6,007.94 points [1] Sector Performance - On October 21, most of the 12 comprehensive industries within the Hang Seng Index saw gains, particularly in industrial, non-essential consumer, and financial sectors, each rising over 1% [1] - Strong performances were noted in the electrical equipment, semiconductor, and non-bank financial sectors, with notable stock increases such as Huiju Technology up 11.65% and Ding Shi Capital up over 33% [1] Southbound Capital - Despite the market's adjustments, southbound capital maintained a net inflow, with cumulative net purchases exceeding 45 billion HKD as of October 20 [2] - Key stocks that saw increased holdings included GCL-Poly Energy, Agricultural Bank of China, and Industrial and Commercial Bank of China, each gaining over 200 million shares [2] Long-term Outlook - Analysts believe that the recent market reactions may be overdone, with the long-term upward trend of the Hong Kong stock market remaining intact despite short-term volatility [2] - The current international trade situation is expected to stabilize, with potential positive impacts on the market as external risks decrease [3] Investment Strategy - Recommendations include diversifying investments between risk assets and safe-haven assets, focusing on undervalued sectors such as essential consumer goods, and identifying high-dividend stocks as stable investments [2][3] - The emphasis on technology and new economy sectors is expected to provide strong support for the stock market, with upcoming fiscal and monetary policy measures likely to enhance market sentiment [4]