Group 1 - The Hong Kong stock market opened higher on September 5, with the Hang Seng Index rising by 0.31% to 25,136.24 points, and the Hang Seng Tech Index increasing by 0.42% [1] - The performance of tech stocks was mixed, with robotics stocks opening high and innovative drug concepts continuing to rise, while Chinese brokerage stocks generally opened higher [1] - Recent U.S. employment data has heightened expectations for interest rate cuts, with the ADP employment number for August increasing by only 54,000, significantly below the market expectation of 65,000 [1] Group 2 - The expectation for a rate cut by the Federal Reserve in September has significantly increased, with a 99.4% probability of a 25 basis point cut according to the CME FedWatch Tool [1] - The Hong Kong tech sector is expected to benefit from improved global liquidity, as the Hang Seng Tech Index remains relatively undervalued historically [2] - The Hang Seng Tech Index's sensitivity to changes in the U.S.-China interest rate differential suggests it could experience stronger upward momentum in a more favorable liquidity environment [2]