恒生科技指数午盘涨1.65%，阿里巴巴-W攀升4.13%

Core Viewpoint - The Hong Kong stock market showed positive momentum with the Hang Seng Index rising by 1.42%, the Hang Seng Tech Index increasing by 1.65%, and the Hang Seng China Enterprises Index up by 1.22% on November 24, with a half-day trading volume of HKD 130.588 billion [1] Group 1: Market Performance - The technology sector saw significant gains, with NIO-SW up by 3.77%, Tencent Music-SW rising by 3.54%, NetEase-S increasing by 5.67%, Kuaishou-W up by 5.16%, and Alibaba-W climbing by 4.13% [1] - Kuaishou-W repurchased 750,000 shares on November 21, totaling 1.65 million shares repurchased in the last 30 days, with a total repurchase amount of HKD 106 million [1] Group 2: Analyst Insights - According to China Merchants Securities, the Hong Kong stock market is expected to experience short-term fluctuations, with a potential slowdown in upward momentum due to a lack of favorable macro policies and weak capital offensive willingness. However, better-than-expected price data may support a temporary market rebound [1] - CICC believes that in the current environment of increasing structural divergence and the small cycle of asset revaluation in China, Hong Kong's unique positioning can strengthen the intersection of capital and assets, benefiting the long-term outlook of the Hong Kong stock market [1]