恒生指数低开0.07%，哑铃策略成为四季度投资优选

Group 1 - The Hang Seng Index opened down 0.07%, while the Hang Seng Tech Index fell by 0.65% [1] - China Metallurgical Group (601618) and China CNR Corporation (601766) both dropped over 3%, while Lepu Biopharma-B surged over 7% following the domestic approval of the world's first FIC drug EGFR ADC [1] - The fourth quarter is expected to see a fluctuating upward trend in Hong Kong stocks, with the "barbell strategy" being the optimal choice to respond to market changes [1] Group 2 - The barbell strategy consists of a technology sector that benefits from the AI revolution and new productivity, focusing on high-growth opportunities, while the high-dividend sectors provide stable cash flow to mitigate market risks [1] - This investment configuration aligns with the current market environment characterized by "policy support + technological breakthroughs" and matches the preferences of foreign institutions for growth leaders and high-dividend stocks [1] - For investors, positioning in Hong Kong tech stocks represents capturing the most imaginative growth opportunities in a fluctuating market, achieving a balance between offense and defense [1] Group 3 - Relevant ETFs for Hong Kong tech include the Hong Kong Stock Connect Technology ETF (159101), which covers the entire technology industry chain, and the Hang Seng Internet ETF (513330), which focuses on internet leaders [2]