果然大涨！

Core Viewpoint - The Hong Kong stock market showed strong performance on the first trading day of the fourth quarter, with major indices rising significantly, particularly the Hang Seng Index and the Hang Seng Technology Index [1][2]. Market Performance - As of the midday close on October 2, the Hang Seng Index rose by 1.45% to 27,245.68, the Hang Seng China Enterprises Index increased by 1.63% to 9,711.03, and the Hang Seng Technology Index surged by 2.66% to 6,637.65 [2]. - The trading volume for the Hang Seng Technology Index was 424.61 billion, with a turnover of 8.4 billion [3]. Sector Performance - The semiconductor, non-ferrous metals, and biomedicine sectors led the gains, while real estate, durable consumer goods, and building materials sectors experienced fluctuations [4]. - Notable increases in the semiconductor sector included a rise of over 9% for SMIC and over 5% for Hua Hong Semiconductor [11]. Gold Sector - Gold concept stocks collectively rose, with China Silver Group increasing by over 32%, and Tianqi Lithium, Tongguan Gold, and Zijin Mining International all rising by over 10% [7]. - Goldman Sachs indicated that gold remains a favored bullish commodity, with expectations for further price increases due to strong interest from private investors [9]. Alibaba's Stock Performance - Alibaba's stock opened high and surged over 4%, reaching 184 HKD per share [15]. - JPMorgan raised Alibaba's target price significantly to 240 HKD, citing growth in cloud computing and e-commerce as key drivers for a higher valuation [17]. - Analysts noted that Alibaba Cloud's revenue growth has accelerated for eight consecutive quarters, driven by demand in generative AI across various sectors [18].