平安证券（香港）港股晨报-20250917

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1][5] - The market turnover decreased to 82.799 billion HKD, with net inflows of 484 million HKD recorded in the Hong Kong Stock Connect [1][5] - The US stock market also saw declines, with the Dow Jones down 125.18 points or 0.27%, and the Nasdaq down 14.79 points or 0.07% [2] Industry Insights - The report highlights the potential for growth in the AI sector following recent antitrust violations by Nvidia, suggesting a renewed focus on domestic AI computing and related industries [3] - The Chinese government has introduced policies to expand service consumption, indicating opportunities in various domestic consumption sectors [3] - The report emphasizes the value of Hong Kong stocks centered on Chinese assets, recommending focus on sectors such as AI applications, semiconductors, and industrial software [3] Company Highlights - Tencent has been active in share buybacks, repurchasing 853,000 shares for 550 million HKD, and has issued 9 billion RMB in notes [12] - Alibaba completed the issuance of approximately 3.2 billion USD in zero-coupon convertible senior notes, indicating strong capital market activity [12] - The report suggests monitoring companies like Ctrip and China Southern Airlines, which are expected to benefit from increased domestic tourism [9]