降息路径仍面临不确定性！港股等亚太市场追随美股下挫，恒生科技跌超3%

Group 1 - The Asia-Pacific market opened sharply lower, following the overnight decline in US stocks, with the South Korean Composite Index dropping over 4% [1] - The Hang Seng Technology Index fell over 3%, with major stocks like JD Health, Baidu, Tencent Music, and NIO experiencing significant declines, while Xiaomi Group saw a slight increase [1] - Recent comments from Federal Reserve officials indicate a cautious stance on interest rate cuts, with the probability of a 25 basis point cut in December now at 35.6% [1] Group 2 - The Hang Seng Technology Index has returned to a historically undervalued range, with the latest valuation (PETTM) at 21.57 times, lower than other major global technology indices [2] - The current valuation is at the 19.86th percentile since the index's inception, indicating it is lower than 80% of historical valuations, highlighting its attractiveness [2] - The high elasticity and growth characteristics of the Hang Seng Technology Index suggest significant upward potential, making it an appealing option for investors without a Hong Kong Stock Connect account [2]