Market Performance - The Hong Kong stock market indices experienced significant gains, with the Hang Seng Tech Index rising by 2.24%, reaching a new high for the period [1] - In September, the Hang Seng Tech Index accumulated a nearly 14% increase, while the Hang Seng Index and the National Enterprises Index rose by 7.09% and 6.79%, respectively [1][2] Sector Highlights - Major technology stocks saw collective gains, with Kuaishou leading with a rise of over 7%, followed by Alibaba and NetEase with increases of 2% [2][4] - Semiconductor stocks remained strong, with Huahong Semiconductor surging nearly 11% to set a new high [2][8] - Apple-related stocks also saw gains as Apple reportedly notified its supply chain to increase production capacity [2][9] Gold and Copper Stocks - Gold stocks rallied, with Zijin Mining International soaring over 68%, and other gold-related companies also showing strong performance [6] - Copper stocks followed suit, with China Molybdenum rising by 11.84% and Jiangxi Copper gaining over 8% [7] Biopharmaceutical Sector - The biopharmaceutical sector showed positive movement, with WuXi AppTec increasing by over 8% and other companies like Zai Lab and BeiGene also experiencing gains [12][13] Airline Industry - Airline stocks generally rose, with China Eastern Airlines up by 6.73% and both China Southern Airlines and Air China increasing by over 4% [11] - Citic Securities noted strong demand for air travel during the upcoming holidays, suggesting potential for positive performance in the sector [11] Oil and Gas Sector - Oil stocks collectively declined, with China Petroleum falling by 2.75% and other major oil companies also experiencing losses [14] - Reports indicated that OPEC+ plans to increase oil production in November, contributing to the downward pressure on oil prices [14] Gaming and Telecom Stocks - Casino and gaming stocks mostly fell, with Sands China down by 2.25% and other major gaming companies following suit [15] - Telecom stocks also saw declines, with China Telecom and China Mobile both experiencing slight drops [17] Capital Inflows - Southbound capital saw a net inflow of HKD 15.48 billion, indicating strong investor interest in the Hong Kong market [19] Future Outlook - Everbright Securities highlighted the strong overall profitability of Hong Kong stocks, particularly in sectors like internet, new consumption, and innovative pharmaceuticals, suggesting that despite recent gains, valuations remain low and long-term investment potential is high [19]

9月24日，港股三大指数全天呈现单边上涨行情，连续调整后迎来大反转走势，市场做多情绪再度活 跃。截至收盘，恒生科技指数涨2.53%领跑，恒生指数涨1.37%重回26500点关口，国企指数涨1.64%。 盘面上，大型科技股引领市场走高，阿里巴巴大涨超9%领衔上涨，快手、京东涨近4%，小米涨2.6%， 腾讯涨2%；半导体芯片股继续强势，龙头中芯国际盘中再创历史新高；人工智能概念股、应用软件概 念股等科技股集体表现活跃，军工股、家电股、光伏股、濠赌股、锂电池概念股普遍上涨。另一方面， 加密货币概念股、生物医药股跌幅相对明显，纸业股、重型机械股、黄金股、建材水泥股、煤炭股集体 低迷。 | 行业热力图 ▼ | | 领涨板块 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 汽车 | 生物技术 -0.86% | 地产发展商 +0.25% | | 월 -0.14% | | 銀行 | -0.28% | | 线上零售商 +7.52% | 电讯服务 +0.48% | -0.09% | 互动媒体 | 黄 ...

Market Overview - The Hong Kong stock market indices fell on September 2, with the Hang Seng Tech Index down 1.22%, the Hang Seng Index down 0.47%, and the National Enterprises Index down 0.15% [1][2]. Sector Performance - Major technology stocks generally declined, with Kuaishou down over 2%, Meituan, Alibaba, Baidu, and JD.com down over 1%, while Xiaomi showed strong performance with a rise of 3.43% [2][4]. - Semiconductor and chip stocks experienced a pullback, with Shanghai Fuzhi down nearly 8% [2][6]. - Apple-related stocks also weakened significantly, with Hon Teng Precision down nearly 10% [2][7]. - Automotive stocks saw gains, with BYD up over 2% following the release of August delivery figures, indicating strong performance in the sector [2][8]. - Banking stocks rose collectively, with Agricultural Bank of China up nearly 3%, benefiting from improved performance in the banking sector [2][10]. - Oil stocks showed strength, with the "Big Three" oil companies experiencing fluctuations in their stock prices [2][12]. - Biopharmaceutical stocks were active, with BeiGene up over 4% [2][14]. Individual Stock Highlights - ZTE Corporation saw a significant decline of over 7%, with a market capitalization of 159.77 billion HKD [17][18]. - ZTE's revenue for the first half of the year was 71.553 billion CNY, a year-on-year increase of 14.51%, while net profit decreased by 11.77% [20]. - The stock price of ZTE has risen approximately 52% over the past three months, driven by optimism surrounding AI and ASIC chip growth, but recent earnings fell short of expectations [20]. Future Outlook - Market analysts suggest that tactical opportunities may arise from index pullbacks, as factors constraining the Hong Kong market are showing signs of marginal improvement [22]. - Recommendations include actively exploring investment opportunities in technology, non-ferrous metals, and non-bank sectors, while maintaining long-term positions in essential consumer goods and high-dividend strategies [22].

Group 1 - The technology sector is becoming a core driver of economic growth in China, with the launch of the Huaan Hang Seng Hong Kong Stock Connect Technology Theme ETF providing new investment tools for investors in the Hong Kong technology space [1] - The ETF closely tracks the Hang Seng Hong Kong Stock Connect Technology Theme Index, which focuses on the AI industry chain and includes major tech companies such as Xiaomi, Alibaba, Tencent, and Meituan [1] - The Hang Seng Hong Kong Stock Connect Technology Theme Index has a more concentrated weight limit of 10% per stock compared to the Hang Seng Technology Index's 8%, indicating a more focused investment strategy [1] Group 2 - The Hong Kong stock market is expected to see revenue growth of 3.4% and profit growth of 8.5% in 2024, indicating a recovery from 2023, with the technology sector benefiting significantly from the overall growth of the AI industry [2] - The Hang Seng Hong Kong Stock Connect Technology sector is projected to experience a profit growth rate of 51% in 2024, continuing the high growth trend established in 2023 [2] - As the domestic economy recovers and global asset rebalancing occurs, the investment value of Hong Kong stocks is expected to become more prominent, driven by advancements in AI technology and increased capital expenditure from tech leaders [2]