银河证券：港股将在外部流动性压力与内部政策支撑间寻求平衡

Core Viewpoint - The probability of interest rate cuts by the Federal Reserve is decreasing, which is putting pressure on Hong Kong stocks. The market is expected to seek a balance between external liquidity pressures and internal policy support [1] Group 1: Sector Recommendations - The technology sector remains a long-term investment focus, with potential for upward movement due to multiple favorable factors such as price increases in the supply chain, mergers and acquisitions, and domestic substitution [1] - The consumer sector is likely to continue benefiting from policy support, and current valuations are relatively low, indicating significant medium to long-term upside potential [1] - The metals sector is influenced by changes in international geopolitical dynamics [1]