美联储降息至3.75%-4.00%，港股或迎布局良机，如何布局？

Core Viewpoint - The Federal Reserve has announced a 25 basis point interest rate cut, lowering the federal funds rate target range to 3.75%-4.00%, marking the second consecutive rate cut and the fifth since September 2024 [1] Group 1: Federal Reserve Actions - The Federal Reserve's cautious stance, as expressed by Powell, suggests a potential pause in rate cuts in December, indicating that the situation is "far from certain" [1] - Market reactions were significant, with traders reducing the December rate cut expectations to 65%, leading to a drop in U.S. stocks and a surge in U.S. Treasury yields [1] Group 2: Impact on Hong Kong Market - Continuous rate cuts by the Federal Reserve are generally favorable for the Hong Kong stock market, as lower interest rates alleviate liquidity pressures, particularly benefiting interest-sensitive sectors like technology and finance [1] - A potential soft landing for the U.S. economy could enhance global growth expectations, thereby boosting market sentiment in Hong Kong [1] Group 3: Investment Opportunities - Despite Powell's signals of a possible pause causing short-term volatility, the overall direction of the rate cut cycle remains unchanged, presenting a mid-to-long-term investment opportunity in Hong Kong stocks, which are currently valued at relatively low historical levels [1] - Investors are encouraged to focus on interest-sensitive, undervalued quality stocks, such as the Hong Kong Stock Connect Financial ETF (513190), while remaining cautious of volatility risks stemming from global economic uncertainties [1]