Jin Rong Jie·2025-12-19 08:44Core Viewpoint - The US CPI annual rate decline has led to a rally in US stocks, boosting risk market sentiment, which positively impacted the Hong Kong stock market with major indices rising. Group 1: Market Performance - The three major indices in Hong Kong opened high and continued to rise, with the Hang Seng Technology Index reaching a peak increase of 1% before closing up 0.75% [1] - The Hang Seng Index and the Hang Seng Technology Index saw increases of 0.68% and 1.12% respectively [1] Group 2: Sector Performance - Large technology stocks collectively rose, with Tencent, Kuaishou, NetEase, Meituan, and Baidu all increasing by over 1% [1] - Pharmaceutical stocks were notably active, with institutions predicting sustained growth in innovative drug demand through 2026, leading to significant gains in innovative drug concept stocks [1] - The gambling sector saw a continued expansion in gains, with MGM China leading with a 6.6% increase [1] - AI-driven demand for fiber optic cables resulted in a 12% surge in Yangtze Optical Fibre and Cable, boosting the optical communication sector [1] - Other sectors such as wind power, vocational education, photovoltaic, insurance, and Apple-related stocks also experienced gains [1] Group 3: Underperforming Sectors - Some heavy machinery stocks declined, with China National Heavy Duty Truck Group falling over 6% [1] - Gold prices decreased, leading to weak performance in gold stocks [1] - Other sectors such as sports goods, ports and shipping, and oil stocks showed signs of weakness [1]