港股集体调整，美联储政策仍具不确定性

Group 1 - The Hong Kong stock market experienced a collective adjustment, with the Hang Seng Index, Hang Seng Tech Index, and Hang Seng China Enterprises Index all declining by over 1% [1] - The sector indices fell collectively, with the materials sector leading the decline, followed by consumer, technology, and healthcare sectors [1] - The Hang Seng Tech Index ETF (513180) and Hang Seng Healthcare ETF (159892) followed the index adjustments [1] Group 2 - The Federal Reserve maintained the interest rate range at 3.5%-3.75%, with Powell explicitly ruling out the possibility of short-term rate hikes, providing a moderate signal to the market [1] - However, there remains uncertainty regarding the specific conditions for potential rate cuts, which continues to exert pressure on technology stocks influenced by external sentiments [1] - The short-term outlook for the Hong Kong stock market is expected to remain in a volatile consolidation pattern, with limited downside potential under internal and external supportive factors [1] Group 3 - The market is gradually shifting focus towards domestic fundamentals and the performance of listed companies, with the AI industry chain and undervalued resource stocks still presenting layout value [1] - Technology stocks are anticipated to require dual catalysts from policy and earnings to stimulate performance [1]