每日投资策略-20251203

Global Market Overview - The Hang Seng Index closed at 26,095, up 0.91% for the day and 30.09% year-to-date [1] - The S&P 500 closed at 6,829, down 0.29% for the day and up 16.11% year-to-date [1] - The Nikkei 225 closed at 49,303, down 1.89% for the day and up 23.58% year-to-date [1] Hong Kong Stock Performance - The Hang Seng Financial Index closed at 47,868, up 0.38% for the day and 36.23% year-to-date [2] - The Hang Seng Industrial Index closed at 14,417, up 1.23% for the day and 28.15% year-to-date [2] - The Hang Seng Real Estate Index closed at 18,673, up 0.78% for the day and 25.21% year-to-date [2] Sector Performance in China - The Hong Kong market saw gains led by sectors such as comprehensive, energy, and industrial, while healthcare, information technology, and real estate lagged [3] - Southbound capital recorded a net inflow of 4.101 billion HKD, with Meituan, Xiaomi Group, and Alibaba being the top net buyers [3] - A-shares experienced declines, particularly in media entertainment, non-ferrous metals, and pharmaceutical sectors [3] Economic Indicators - Japan's 10-year government bond auction showed better-than-expected demand, alleviating concerns over rising yields impacting global liquidity [3] - Eurozone's November CPI rose to 2.2%, indicating persistent inflation in the services sector, with the ECB likely to maintain interest rates in December [3] U.S. Market Dynamics - U.S. stocks rebounded, with industrial, information technology, and communication services leading the gains, while energy, materials, and utilities saw declines [3] - Market expectations for a dovish monetary policy increased following Trump's hint at appointing a dovish candidate for the Federal Reserve chair [3] - The AI sector is becoming increasingly competitive, with Amazon launching its latest AI chip, Trainium3, to challenge Nvidia and Google's market position [3]