港股最近为什么一直跌？

Group 1 - The Beijing Stock Exchange (BSE) is rumored to change its IPO process to a market capitalization-based system, requiring investors to hold BSE stocks instead of just cash deposits [3] - There are rumors about the launch of the first batch of BSE 50 ETFs, which could enhance liquidity in the BSE market [3] - The A-share market has seen increased trading volume, which may positively impact the BSE if the new IPO rules are implemented [3] Group 2 - The Hong Kong stock market has been underperforming, with a significant decline since mid-November, attributed to a peak in lock-up expirations totaling HKD 126 billion in December [4] - The divergence in A-share fundamentals and poor liquidity in the US market have negatively affected the Hong Kong market, making it less responsive to positive news [4] - The lock-up pressure is expected to ease in January, with expirations below HKD 50 billion, which could be beneficial for the Hong Kong market [4] Group 3 - There is uncertainty regarding further interest rate cuts by the Federal Reserve, with internal divisions on the matter [6] - Former President Trump criticized the current rate cuts as insufficient, advocating for lower rates [7] - Some analysts believe that significant rate cuts may not occur until after the current Fed Chair Powell's term ends in May, with the next chair likely to pursue further cuts [8] Group 4 - If US economic data weakens, it could lead to increased expectations for rate cuts, potentially benefiting the Hong Kong stock market [9] - High dividend yields, particularly those exceeding 6%, are currently seen as attractive investment opportunities in the Hong Kong market [9] - Technology growth stocks may be worth monitoring, but should be approached cautiously until stronger signals for rate cuts are indicated by the Federal Reserve [9]