港股开盘 | 恒指高开0.49% 科网股领涨

Group 1 - The Hang Seng Index opened up by 0.49%, and the Hang Seng Tech Index rose by 0.63%, with notable gains in tech stocks such as SMIC increasing over 2% and Alibaba rising over 1% [1] - New stock Wangshan Wangshui-B surged over 184% [1] - According to China Merchants Securities, the "14th Five-Year Plan" released at an important meeting exceeded market expectations, combined with signs of easing US-China relations and strengthened expectations for Federal Reserve interest rate cuts, which will support the Hong Kong stock market in shifting from "suppressed" to "rising" in the fourth quarter [1] Group 2 - Galaxy Securities indicated that the current valuation of Hong Kong stocks is at a historically high level, predicting a wide fluctuation in the market in the future [1] - Suggested sectors for investment include: (1) Precious metals and other safe-haven assets due to increased market risk aversion; (2) Dividend assets gaining attention as market style shifts; (3) Technology and consumer sectors highlighted in the "14th Five-Year Plan" are expected to attract capital [1] - CITIC Securities noted that the restart of the Federal Reserve's interest rate cut cycle will benefit the Hong Kong stock market, particularly the tech sector, which is expected to see valuation expansion due to the AI industry chain and liquidity overflow [2] Group 3 - National Investment Securities predicted a significant style shift in the fourth quarter, with low-growth sectors like the Hang Seng Tech Index potentially becoming relatively favored [1] - The relative excess returns of the ChiNext Index compared to the Hang Seng Tech Index have peaked and are now declining, indicating that the Hang Seng Tech Internet sector may become a rebound direction [1] - The global AI computing power industry chain is experiencing continuous growth, and Hong Kong stocks, as a hub for domestic AI core assets, are expected to benefit directly from this industry trend [2]