A股三大指数集体高开，算力硬件股大面积高开，港股市场因重阳节休市一天

Group 1 - The Hong Kong stock market is closed on October 29 due to the Double Ninth Festival, and the Shanghai and Shenzhen exchanges do not provide Hong Kong Stock Connect services, affecting the primary market for Hong Kong-listed ETFs like the Hang Seng Technology Index ETF (513180) and the Hong Kong Stock Connect Automotive ETF (159323) [1] - The A-share market opened higher with the Shanghai Composite Index up 0.05%, the Shenzhen Component Index up 0.4%, and the ChiNext Index up 1.07%, with significant gains in computing hardware stocks [1] - The "14th Five-Year Plan" recommendations were released on October 28, providing guidance for the development of emerging and future industries, emphasizing the acceleration of strategic emerging industry clusters such as new energy, new materials, aerospace, and low-altitude economy [1] Group 2 - Zheshang Securities emphasizes that building a modern industrial system relies on technological innovation to lead the development of new quality productivity, particularly in advanced manufacturing, which integrates high-tech achievements [2] - The latest valuation of the Hang Seng Technology Index ETF (513180) is 23.44 times (PETTM), which is at the 32.64% valuation percentile since the index's inception, indicating that the current valuation is lower than 70% of its historical time [2] - The outlook for the Hong Kong technology sector is positive, benefiting from the current AI-driven industrial trends, potential foreign capital inflow due to expected interest rate cuts by the Federal Reserve, and continuous accumulation of southbound funds, making the Hang Seng Technology Index promising for the fourth quarter [2]