BYD(SZ:002594) Mei Ri Jing Ji Xin Wen·2025-10-31 06:36Core Viewpoint - The Hang Seng Technology Index experienced a decline of over 2% on October 31, with significant drops in tech stocks, semiconductor sector, and automotive stocks. Major ETFs, including the Hang Seng Technology Index ETF (513180), followed the downward trend, with key holdings like Hua Hong Semiconductor and SMIC seeing substantial losses [1] Group 1: Market Performance - The Hang Seng Technology Index opened lower and continued to decline, with tech stocks broadly falling and the semiconductor sector experiencing a significant downturn [1] - Major stocks such as Hua Hong Semiconductor dropped over 7%, while SMIC fell more than 5% [1] Group 2: Future Market Outlook - According to Galaxy Securities, the A-share market is expected to show a fluctuating upward trend in November, supported by policy drivers and an improving external environment [1] - The recently announced "14th Five-Year Plan" provides clear investment directions, focusing on technological self-reliance, modern industrial system construction, and national security capability enhancement [1] - The recent US-China trade talks in Kuala Lumpur reached preliminary consensus, increasing the likelihood of a trade agreement in November, which may alleviate external pressures [1] - Following the Federal Reserve's interest rate cut in October, the global liquidity environment remains accommodative, which is expected to benefit the Hong Kong stock market [1] - It is recommended to maintain a balanced portfolio and closely monitor sectors with better-than-expected third-quarter earnings [1] Group 3: Related ETFs - The Hang Seng Technology Index ETF (513180) focuses on "hard technology + new consumption" and supports T+0 trading, targeting core AI assets in China [2] - The Sci-Tech Innovation 50 ETF (159783) in the A-share market emphasizes high elasticity, covering popular tech sectors such as semiconductors, communication equipment, batteries, and photovoltaic equipment [2]