博弈不改春季行情 科技股有望爆发

Group 1 - The report highlights that the ongoing trade tensions between China and the US, particularly regarding tariffs and technology, are intensifying, with the US imposing a 10% tariff on Chinese goods starting February 1, and China retaliating with tariffs on various US imports [4] - The performance of Chinese technology stocks is showing strong confidence in the market, especially in the context of the DeepSeek AI model, which has led to a significant increase in Hong Kong tech stocks while US tech stocks have declined [4] - The report emphasizes that the core focus for the market in 2025 will be technology stocks, particularly in the rapidly developing field of artificial intelligence, with expectations for new products and business models to emerge [4][5] Group 2 - The spring market is expected to continue with technology stocks leading the way, supported by positive economic data and proactive policies, despite external trade tensions [5] - The report suggests that the 2025 market outlook is characterized by a structural slow bull market, primarily concentrated in the large technology sector, followed by large consumer sectors [5] - Investment strategies recommend a focus on technology stocks, with a significant allocation towards technology, consumer, and dividend stocks, anticipating that the spring market rally could extend until mid to late March [5]