平安证券（香港）港股晨报-20250909

Market Overview - The Hong Kong stock market experienced significant fluctuations last week, with the Hang Seng Index rising by 1.36% to close at 25,418 points, while the Technology Index increased by 0.23% to 5,687 points, and the National Enterprises Index rose by 1.22% to 9,057 points [3][5] - The rebound in the Hong Kong market was led by technology sectors such as artificial intelligence and robotics, which are expected to remain focal points for future investment [3] Hong Kong Stock Performance - The Hang Seng Index closed at 25,633.91 points, up 0.85%, with a trading volume of HKD 286.04 billion, and significant net inflows from southbound funds amounting to HKD 16.705 billion [5] - Notable stock performances included Baidu Group, which rose over 9%, and Alibaba, which increased by over 4% [5] U.S. Market Insights - The U.S. stock market was driven by technology stocks, with the Nasdaq reaching a new high of 21,798 points, up 0.5%, and the Dow Jones Industrial Average rising 0.3% to 45,514 points [2] - Chip stocks were a major contributor to this rise, with Broadcom increasing by 3% and Nvidia by nearly 1% [2] Industry Highlights - The Ministry of Industry and Information Technology of China has issued a satellite mobile communication business license to China Unicom, allowing it to develop mobile satellite communication services, which is expected to enhance the profitability of telecom operators [8] - The retail industry in China showed positive trends, with the retail industry prosperity index rising to 50.6 in September, indicating a recovery in consumer spending [8] Stock Recommendations - Li Ning Company (2331.HK) is highlighted as a leading sports brand in China, with a projected revenue of HKD 14.817 billion for the first half of 2025, reflecting a year-on-year growth of 3.3% [9] - The company is expected to benefit from its partnership with the Chinese Olympic Committee, enhancing its brand presence in the professional sports sector [9]