港股开盘 | 恒指低开0.51% 恒生科技指数跌0.83% 科网股领跌

Group 1 - The Hang Seng Index opened down 0.51%, and the Hang Seng Tech Index fell by 0.83%, with tech stocks leading the decline [1] - Xpeng Motors rose nearly 5% as the company plans to scale up production of advanced humanoid robots by the end of 2026 [1] - Citic Securities indicated 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 2 - China Merchants Securities noted that the "14th Five-Year Plan" outline released by important meetings exceeded market expectations, alongside signs of easing US-China relations and strengthened expectations for Federal Reserve rate cuts, which will support the Hong Kong stock market in shifting from "suppressed" to "rising" in the fourth quarter [1] - Galaxy Securities suggested that the current valuation of Hong Kong stocks is at a historically high level, predicting a wide range of fluctuations in the market, and recommended focusing on sectors such as precious metals and dividend assets due to rising market risk aversion [1] - Guotai Junan Securities mentioned that a significant style shift may occur in the fourth quarter, with low-growth sectors like Hang Seng Tech potentially becoming relatively favored, as the excess returns of the ChiNext Index compared to Hang Seng Tech have peaked and are now declining [1]