港股开盘 | 恒指高开0.82% 黄金股集体反弹

Group 1 - The Hang Seng Index opened up by 0.82%, and the Hang Seng Tech Index rose by 0.68% [1] - Gold stocks experienced a collective rebound, with Zijin Mining International and Chifeng Jilong Gold both rising over 4%, and Shandong Gold increasing by more than 3% [1] - Morgan Stanley believes that despite recent market volatility, effective measures to cool down the A-share market, a stronger USD against RMB, and initial regulatory support for Hong Kong will provide positive liquidity support for both A-shares and Hong Kong stocks [1] Group 2 - Guoyuan International indicates that the current environment may allow Hong Kong stocks to continue outperforming U.S. stocks, driven by fiscal cliff and geopolitical factors, which favor non-U.S. assets [2] - The overall valuation of Hong Kong stocks remains low and has not fully reflected the recovery of the domestic economy, with signs of recovery in corporate credit demand potentially becoming a new investment theme [2] - CITIC Securities suggests that the earnings expectations for Hong Kong stocks have been significantly adjusted, and the spring market trend since late December 2025 may continue, with large-cap stocks expected to outperform ahead of the Lunar New Year [2]