港股通50ETF（159712）涨超1.2%，港股边际利好积聚

Core Viewpoint - The report from招商香港 indicates that the Hong Kong stock market is experiencing marginal benefits, with significant performance in the AI and non-ferrous metal sectors, driven by technological upgrades and global digitalization trends [1] Group 1: Industry Insights - The AI industry is showing strong growth momentum due to technological upgrades and the global digitalization trend [1] - The non-ferrous metal sector is benefiting from global supply chain restructuring and demand from the new energy sector, presenting structural opportunities [1] - There is a continued deepening of industry differentiation, with resilience observed in the service sectors such as healthcare and accommodation, while cyclical industries like manufacturing are showing signs of contraction [1] Group 2: Market Outlook - Overall, the Hong Kong stock market is expected to reach an upward turning point driven by the dual themes of AI and non-ferrous metals [1] - The Hong Kong Stock Connect 50 ETF (159712) tracks the Hong Kong Stock Connect 50 Index (930931), which consists of 50 leading companies in the Hong Kong market, selected based on market capitalization and liquidity [1] - The index encompasses both emerging sectors like new consumption and fintech, as well as traditional economic sectors, reflecting the overall performance of representative quality listed companies in the Hong Kong market [1]