Simon：Niki你好啊,那不如我們來講一下最近港股的情況吧？今天的恆指，是先漲後回落的走勢,最近市場其實都相對處於一個牛皮盤整的格局所以想先問一 下，除了關注恆指之外，之後還要看看最近投資者的心態變化。其實還想問一個問題，就是現在在選擇產品方面，有沒有什麼特別需要留意的地方呢？ 中銀國際董事Niki：是啊，其實我們記得上一次在節目里也跟大家說過，從11月底到12月初這段時間，市場指數方面都相對是窄幅波動的狀態。這個區間大 概就在25100點到26100點之間，在這1000點左右上下波動這一兩天，今天是星期四（11日），能看到市場又回落了一些。前兩天曾經跌到過25500點以下， 但其實之前那幾天，波動幅度真的只有300點左右。所以最近的市場情況，從指數來看，整體是比較窄幅、相對清淡的。你能看到大盤的成交額，有幾天都 低於2000億元，有幾天則是在2000億元附近徘徊。這種情況和11月初、11月中之前相比，明顯不同，當時成交額可能超過2300億元甚至3000億元，現在的成 交額明顯減少，大盤整體相對偏向清淡。大盤方面，從主要板塊來看，相關的消息面，或者因為11月已經過了業績期的公佈時段，所以各個行業、板塊的數 ...

Market Overview - The Hong Kong stock market has shown signs of weakness, with the Hang Seng Index dropping below 26,000 points after previously hovering around 27,000 points [1][2] - Investor sentiment has become more conservative, with approximately 35% of funds shorting the market and 65% looking to buy [1][2] Investment Strategies - Investors are considering buying call warrants to capitalize on potential market rebounds, with a preference for those with lower strike prices, such as 25,500 points or lower [1][2] - The market is expected to see earnings reports from several companies, which could significantly impact future market performance [2] Specific Stock Analysis - Xiaomi (1810) is under scrutiny as it prepares to announce earnings, with significant inflows into its call warrants, indicating investor interest in potential rebounds around the 40 HKD mark [5][6] - For Xiaomi, a call warrant with a strike price of 57.88 HKD and a leverage of approximately 6 times is available, while a put warrant with a strike price of 39.88 HKD is also offered [6] Semiconductor Sector - Hua Hong Semiconductor (1347) has been a focus in the market, showing signs of recovery with recent inflows into its bullish positions [7] - A call warrant for Hua Hong with a strike price of 134.7 HKD and a leverage of about 4 times is available, reflecting investor interest [7] Travel Sector - Trip.com (9961) has performed well, with its stock rising despite overall market declines, attributed to better-than-expected earnings [10][11] - A call warrant for Trip.com with a strike price of 88.88 HKD and a leverage of approximately 9 times is available for investors looking to capitalize on its performance [11] Product Availability - The company has issued over 100 stock-related products, providing a variety of options for investors across different sectors [11] - Investors can utilize the company's website to search for specific stock warrants and compare terms and conditions across different products [9][10]