每日投资策略-20251224

Market Performance - Hang Seng Index closed at 25,774, down 0.11% for the day but up 28.49% year-to-date[1] - Shanghai Composite Index closed at 3,920, up 0.07% for the day and 16.95% year-to-date[1] - US Dow Jones closed at 48,442, up 0.16% for the day and 13.86% year-to-date[1] Sector Performance - Hang Seng Financial Index at 49,069, up 0.58% for the day and 39.65% year-to-date[2] - Hang Seng Industrial Index at 13,970, down 0.55% for the day and up 24.18% year-to-date[2] - Hang Seng Real Estate Index at 17,858, up 0.56% for the day and 19.75% year-to-date[2] Capital Flows and Market Trends - Southbound capital net inflow of HKD 611 million, with Alibaba, Meituan, and Zijin Mining as top net buys[3] - A-shares in social services, beauty care, and retail saw the largest declines, while power equipment, building materials, and electronics led gains[3] - Anticipation of a spring market in early 2024, with technology and consumer sectors expected to outperform[3] Economic Indicators - US GDP growth at an annualized rate of 4.3% in Q3, the highest in two years[3] - Core PCE inflation at 2.9%, indicating persistent inflationary pressures[3] - Consumer confidence index declined for the fifth consecutive month, while the job market shows improvement[3]