港股日评：三大股指上涨，港股通计算机领涨-20250910

Core Insights - The Hong Kong stock market saw significant trading activity on September 10, 2025, with a total turnover of HKD 288.21 billion and net inflows from southbound funds amounting to HKD 7.566 billion [2][8] - The three major indices in Hong Kong experienced gains, primarily driven by macroeconomic factors such as rising expectations for a Federal Reserve rate cut in September, which increased liquidity in overseas markets and benefited emerging markets [2][8] - The market reacted positively to the U.S. non-farm employment data revision, which showed a record downward adjustment of 911,000 jobs, leading to a market consensus that the Fed would likely cut rates by 25 basis points, with expectations rising to over 90% [2][8] Market Performance - On September 10, 2025, the Hang Seng Index rose by 1.01% to 26,200.26, the Hang Seng Tech Index increased by 1.27% to 5,902.69, and the Hang Seng China Enterprises Index climbed by 0.93% to 9,328.16 [6][8] - In the A-share market, the Shanghai Composite Index rose by 0.13%, the CSI 300 increased by 0.21%, and the Wind All A Index gained 0.22%, while the Dividend Index saw a slight decline of 0.17% [6][8] Sector Analysis - Within the Hong Kong stock connect sectors, the computer industry led gains with an increase of 2.35%, followed by banking at 2.23% and real estate at 1.87%. Conversely, the power equipment and new energy sector fell by 2.13%, while defense and steel sectors also experienced declines [6][8] - Notable performance in concept indices included the Foxconn Index, which surged by 10.03%, and the air pollution control index, which rose by 5.42%. In contrast, the baby and child index dropped by 3.01% [6][8] Future Outlook - The report anticipates that the Hong Kong market could reach new highs, driven by three core directions: the potential for AI technology and new consumption to stimulate market growth, continued inflows from southbound funds enhancing pricing power, and the impact of U.S. monetary policy on global liquidity [8] - The expectation of a favorable environment for the AI industry, evidenced by Oracle's reported 359% year-on-year growth in remaining performance obligations, suggests a robust demand for AI applications, which could further uplift related sectors in the Hong Kong market [8]