中泰国际每日晨讯-20250911

Market Performance - On September 10, the Hang Seng Index rose by 262 points or 1.01%, closing at 26,200 points, stabilizing above the 26,000 mark[1] - The Hang Seng Tech Index increased by 1.3%, closing at 5,902 points, with total market turnover exceeding HKD 288.2 billion[1] - Net inflow from the Hong Kong Stock Connect was HKD 7.567 billion[1] Sector Performance - Key sectors such as banking, insurance, telecommunications, internet, real estate, and transportation showed significant gains, with major stocks like Tencent and Alibaba rising by 1.0% and 0.6% respectively[1] - AI-related stocks like WanGuo Data and Kingsoft Cloud surged over 6.0%[1] - The four major domestic banks saw increases between 1.9% and 3.5%, with Agricultural Bank of China leading the performance[1] Macroeconomic Indicators - China's August CPI decreased by 0.4% year-on-year, the lowest since February, primarily due to falling food prices[2] - Core CPI rose by 0.9% year-on-year, marking the highest since June 2022, indicating a positive signal[2] - August PPI fell by 2.9% year-on-year, with a narrowing decline compared to July, while durable goods PPI dropped by 3.7%, the largest decline in five months[2] Real Estate Market - New home sales in 30 major cities reached 1.29 million square meters, up 3.7% year-on-year, but down 30.3% month-on-month[5] - The sales-to-inventory ratio for major cities was 101.2, higher than last year but lower than the previous week[7] - Land transaction volume in 100 major cities fell by 43.5% year-on-year, indicating a significant decline in market activity[8] Policy Adjustments - Shenzhen has optimized housing purchase and credit policies, allowing families to buy unlimited properties in certain districts[9] - Continuous policy adjustments in various cities are expected to support the real estate market, particularly during the "Golden September and Silver October" period[11]