智通财经网·2026-02-10 01:34Group 1 - The Hang Seng Index opened up by 0.65%, while the Hang Seng Tech Index rose by 0.82%, indicating a positive market sentiment [1] - Major tech stocks saw gains, with NetEase increasing by over 2%, and both SMIC and Alibaba rising by more than 1% [1] - Pop Mart reported a significant sales target, aiming for over 400 million global sales of all IP products by 2025 [1] Group 2 - CCB International noted a shift in Hong Kong stock investment logic from traditional valuation recovery to a revaluation based on "new productive forces" and high-quality development [2] - Emerging market funds show a strong preference for Chinese assets, while long-term funds from Europe and the US are gradually returning [2] - Dongfang Caifu Securities highlighted that the Hang Seng Index is at a PE (TTM) of 12 times, and the Hang Seng Tech Index is at a historical 19% percentile valuation, making it attractive for southbound capital [2] - Galaxy Securities anticipates continued volatility in Hong Kong stocks due to ongoing global geopolitical risks and a decrease in expectations for US Federal Reserve rate cuts [2] - Recommended sectors for investment include technology, which is expected to rise due to multiple favorable factors, and consumer sectors, which are at relatively low valuations and may rebound as consumption policies increase ahead of the Spring Festival [2]