Group 1 - Hong Kong stocks opened higher on September 29, with significant gains in the semiconductor and internet sectors, including companies like Hua Hong Semiconductor, Kuaishou-W, Alibaba-W, JD Group-SW, and Meituan-W, all rising over 2% [1] - The Hong Kong Technology 50 ETF (159750) saw a net subscription of over 14 million units in the morning session, with a total net inflow of over 330 million yuan in the last 10 trading days [1] - As of September 26, southbound funds net purchased Hong Kong stocks worth 10.541 billion HKD, with Alibaba receiving a net purchase of 2.412 billion HKD; the cumulative net purchase for the year reached 1,153.689 billion HKD, significantly exceeding last year's total [2] Group 2 - Morgan Stanley increased its stake in Alibaba from 6.81% to 12.29% as of September 22, acquiring 2.345 billion shares at an average price of 159.2641 HKD [3] - The market is awaiting the U.S. non-farm payroll data to be released on October 3, which will be a key indicator for assessing the health of the U.S. job market and may influence expectations regarding Federal Reserve interest rate cuts [3] - Huatai Securities noted that the impact of major overseas events during the National Day holiday on Hong Kong stocks may be limited, with historical data showing a high probability of stock gains during the holiday period [4]