港股市场速览：价格整体回调，业绩平稳上修

Investment Rating - The report maintains an "Outperform" rating for the Hong Kong stock market [4] Core Insights - The overall market experienced a price correction, but earnings expectations have been revised upwards for most sectors [1][3] - The Hang Seng Index and Hang Seng Composite Index both saw a decline of 1.0% this week, with small-cap stocks performing better than large-cap and mid-cap stocks [1] - Nine sectors recorded gains while 21 sectors faced declines, with notable increases in power equipment and new energy (+2.6%) and non-ferrous metals (+2.4%) [1] Summary by Sections Market Performance - The Hang Seng Index's valuation decreased by 1.8% to 11.9x, while the Hang Seng Composite Index also fell by 1.7% to 11.9x [2] - The valuation of the Hang Seng Biotechnology Index increased slightly by 0.1% to 27.3x, while the Hang Seng Consumer Index dropped by 3.7% to 14.2x [2] Earnings Expectations - The EPS for the Hang Seng Index increased by 0.7% compared to last week, while the Hang Seng Composite Index's EPS rose by 0.8% [3] - A total of 26 sectors saw upward revisions in EPS, with construction (+3.2%) and coal (+3.1%) leading the increases [3]