平安证券（香港）港股晨报-20251028

Market Overview - The Hong Kong stock market showed a strong performance recently, with the Hang Seng Index rising by 1.05% to close at 26,433.7 points, while the Hang Seng Technology Index increased by 1.83% and the Hang Seng China Enterprises Index rose by 1.1% [1][5] - The market turnover reached HKD 2670.77 billion, with net inflows of HKD 2.83 billion from the Shanghai-Hong Kong Stock Connect and HKD 2.01 billion from the Shenzhen-Hong Kong Stock Connect [1][5] U.S. Market Insights - U.S. stock markets reached new highs as tensions between U.S. and China eased, with the Dow Jones Industrial Average rising by 0.7%, the S&P 500 increasing by 1.2%, and the Nasdaq Composite gaining 1.9% [2] - Chip manufacturers led the market rally, with Nvidia and Broadcom both rising over 2%, and Qualcomm's stock surged by 11% following the announcement of a new AI chip [2] Sector Focus - The report emphasizes the importance of technology sectors, particularly artificial intelligence, semiconductors, and industrial software, as key areas for long-term investment opportunities [3] - Companies in the semiconductor and technology sectors have shown strong performance, with the Hong Kong Semiconductor and Equipment Index rising by 4.1% recently [3] Investment Recommendations - The report suggests focusing on companies with low valuations and high dividends in various sectors, particularly state-owned enterprises [3] - It also highlights the potential benefits for upstream non-ferrous metals companies due to expectations of interest rate cuts by the Federal Reserve [3] Notable Company Developments - Meituan has released and open-sourced the LongCat-Video model, significantly improving video generation speed [9] - SenseTime announced a partnership with the Shanghai Museum to develop an AR+AI navigation platform, enhancing visitor experience [9] Stock Performance Highlights - Tencent Holdings and Alibaba have shown strong stock performance, with increases of 2.9% and 3.1% respectively [15] - Baidu Group's stock rose by 6.2%, reflecting positive market sentiment towards tech companies [15]