Market Performance - The Hang Seng Index rose by 1.02% to 26,427.16 points, while the Hang Seng Tech Index increased by 1.48% and the Hang Seng China Enterprises Index strengthened by 0.95% with a half-day trading volume of HKD 156.53 billion [1] Sector Analysis - In the technology sector, ASMPT increased by 4.44%, Hua Hong rose by 2.79%, and Alibaba Health gained 2.70%. Conversely, Kingdee International saw a decline of 1.62% [1] - Kingdee's cloud subscription service is projected to achieve an annual recurring revenue of HKD 3.86 billion by September 30, 2025, reflecting a year-on-year growth of approximately 18% [1] Market Outlook - Dongwu Securities suggests that short-term volatility in the Hong Kong stock market may not have ended, but the long-term upward trend remains unchanged [1] - Factors such as short-term economic data, US-China tariff news, US tech earnings reports, and the Fourth Plenary Session will influence trading patterns and styles in the Hong Kong market [1] - The technology sector is expected to experience increased volatility, influenced by macroeconomic conditions and the performance of leading US tech companies, which will affect the trading rhythm of Chinese tech stocks [1] - There is optimism regarding the AI trend, indicating that opportunities arising from the recent declines in Hong Kong tech stocks are becoming apparent, with a continued long-term upward trend expected [1] Investment Products - The Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain - The Hang Seng Internet ETF (513330) focuses on leading internet companies [2]
药明康德、百度集团领涨,港股科技长期上行趋势并未改变