国信证券(香港)资讯日报-20250930

Market Overview - The Hang Seng Index closed at 26,623, up 1.89% for the day and 32.72% year-to-date[3] - The Hang Seng Tech Index rose 2.08% to 6,324, with a year-to-date increase of 41.54%[3] - The Shanghai Composite Index increased by 0.90% to 3,863, with a year-to-date gain of 15.24%[3] Sector Performance - Major technology stocks rebounded, with Alibaba and Kuaishou rising over 4%, and JD.com increasing over 3%[9] - Financial stocks surged, with Huatai Securities and GF Securities up over 12%, and CITIC Securities up over 11%[9] - Gold stocks collectively rose, with Zhaojin Mining and Tongguan Gold increasing over 6%[9] Economic Indicators - The People's Bank of China emphasized the implementation of a moderately loose monetary policy, encouraging financial institutions to increase credit[9] - Gold prices reached a new high, surpassing $3,810, driven by central bank demand and expectations of interest rate cuts from the Federal Reserve[9] U.S. Market Insights - U.S. major indices collectively rose, but concerns over tariffs and potential government shutdown limited gains[9] - The Nasdaq China Golden Dragon Index increased by 2.03%, with notable gains in Chinese concept stocks like Pinduoduo and Bilibili[9] Japanese Market Trends - The Nikkei 225 index fell 0.7%, continuing a decline from last week's record high, influenced by ex-dividend factors and a stronger yen[10] - Sony Financial surged 16% following its spin-off from Sony Group, while Toyota saw a decline of 3.35% despite an increase in global sales[10]