Group 1 - The Hong Kong stock market experienced a pullback on September 2, with the technology sector leading the declines. The Hong Kong Stock Connect Technology ETF (513860) fell by 0.50%, with a trading volume exceeding 100 million yuan, and active trading observed during the session. Notably, stocks like MicroPort Scientific Corporation-B rose over 9%, while Alibaba Health, 3SBio, and Xiaomi Group-W also saw gains [1] - The Hong Kong Stock Connect Technology ETF (513860) has seen continuous capital inflow recently, with a net inflow of over 250 million yuan in the last five trading days and over 560 million yuan in the last ten trading days [1] - The ETF closely tracks the CSI Hong Kong Stock Connect Technology Index, which selects 50 large-cap, high R&D investment, and fast-growing revenue technology companies to reflect the overall performance of technology leaders in the Hong Kong Stock Connect [1] Group 2 - According to Jiyin International, the Hong Kong stock market is expected to maintain a positive momentum due to the ongoing liquidity easing both domestically and internationally. The active sentiment in the A-share market is likely to boost trading atmosphere in Hong Kong. There is strong demand for capital inflow into high-growth sectors like technology [2] - The global liquidity environment is becoming marginally looser, which is favorable for capital to flow into emerging markets. Hong Kong, as a significant offshore Chinese asset and AI technology investment target, is likely to benefit from increased foreign capital inflow [2] Group 3 - Dongwu Securities believes that the Hong Kong stock market is in a trend of oscillating upward, with both upward momentum and downward constraints. The market has raised expectations for a rate cut by the Federal Reserve in September, which could promote market rebound [3] - The report suggests that unless significant improvements in employment data and inflation are observed before the September meeting, a rate cut is highly likely. However, investors remain cautious, preferring bottom-up opportunities and waiting for clear signs of improvement in the technology and internet sectors [3] - According to a report from China Merchants Securities (Hong Kong), tactical opportunities should be seized following index pullbacks, as factors constraining the Hong Kong market are showing signs of marginal improvement, including anticipated rate cuts by the Federal Reserve and a recovery in the AH share premium [3]