平安证券（香港）港股晨报-20251203

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] - The market saw a decrease in trading volume, with total turnover dropping to 82.799 billion HKD [1] - The Southbound Stock Connect recorded a net inflow of 4.84 million HKD, indicating continued interest from mainland investors [1] US Market Performance - US tech stocks rallied, leading to gains in major indices: Dow Jones up 0.39% at 47,474.46 points, S&P 500 up 0.25%, and Nasdaq up 0.59% [2] - Notable stock movements included Intel rising over 8% and Boeing increasing by more than 10%, marking its largest single-day gain since April [2] - The market sentiment was buoyed by expectations of interest rate cuts from the Federal Reserve and optimism surrounding AI technology [2] Investment Opportunities - The report highlights that the Hong Kong stock market remains attractive for investments in undervalued high-dividend sectors [3] - Key sectors to watch include artificial intelligence, semiconductors, and industrial software, which are expected to drive long-term growth [3] - Companies benefiting from the anticipated Federal Reserve interest rate cuts and strong mid-year performance in the upstream non-ferrous metals sector are also recommended for investment [3] Stock Performance Highlights - The report notes significant stock movements among Hong Kong-listed companies, with Connet Optical rising 10.58% due to the launch of AI glasses by Alibaba [1] - Other notable performers included Giant Bio, which increased by 8.53% following a share buyback announcement, and J&T Express, which rose 7.29% due to rapid growth in Southeast Asia [1] - Conversely, Chinese concept stocks faced declines, with XPeng Motors dropping nearly 8% and Canadian Solar falling close to 6% [2] Industry Insights - The global humanoid robot market is projected to enter a golden development period over the next 5 to 10 years, with annual sales expected to reach 6 million units by 2035, potentially exceeding 10 million units in optimistic scenarios [9] - The report emphasizes the importance of technological innovation and market expansion in the robotics sector, suggesting a focus on companies like UBTECH and XPeng Motors [9] - The automation potential in the U.S. labor market is significant, with existing technologies capable of automating 57% of work hours, indicating a transformative shift in workforce dynamics [9]