机构称港股市场四季度或由“抑”转“扬”，聚焦港股消费ETF（513230）布局机遇

Group 1 - The Hang Seng Index opened up by 0.49%, and the Hang Seng Tech Index rose by 0.63%, indicating a strong start for the Hong Kong stock market, particularly in the consumer sector [1] - The Hong Kong Consumer ETF (513230) increased by nearly 1%, with constituent stocks showing mixed performance; notable gainers included Great Wall Motors, China Feihe, Geely, Alibaba, and Midea Group, while Xpeng Motors, Pop Mart, Smoore International, and Shenzhou International saw declines [1] - According to China Merchants Securities, the "14th Five-Year Plan" outline released at an important meeting exceeded market expectations, combined with signs of easing US-China relations and strengthened expectations for a Federal Reserve rate cut, these three factors are expected to support a shift in the Hong Kong stock market from "suppressed" to "rising" in the fourth quarter [1] Group 2 - Galaxy Securities noted that the current valuation of the Hong Kong stock market is at a historically high level, predicting a wide range of fluctuations in the market going forward [1] - In terms of investment strategy, it is recommended to focus on sectors such as precious metals and other safe-haven assets due to increased market risk aversion, as well as dividend assets that have seen lower gains recently [1] - The technology and consumer sectors, highlighted in the "14th Five-Year Plan" policy recommendations, are expected to attract capital interest [1] Group 3 - The Hong Kong Consumer ETF (513230) tracks the CSI Hong Kong Stock Connect Consumer Theme Index, encompassing leading companies in internet e-commerce and new consumption, including Pop Mart, Lao Pu Gold, and Miniso, as well as e-commerce giants like Tencent, Kuaishou, Alibaba, and Xiaomi, showcasing a strong technology and consumer attribute [2]