Market Performance - The Hong Kong stock indices all rose on October 24, with the Hang Seng Index increasing by 0.74% to 26,160.15 points, marking a weekly gain of 3.62% [1][2] - The Hang Seng Tech Index rose by 1.82% to 6,059.89 points, with a weekly increase of 5.2% [1][2] - The Hang Seng China Enterprises Index increased by 0.68% to 9,363.94 points, achieving a weekly gain of 3.91% [1][2] - Southbound funds recorded a net inflow of HKD 3.214 billion [1] Stock Performance - Among the Hang Seng Index constituents, 61 stocks rose while 22 fell [2] - Notable gainers included SMIC, which rose by 8.04%, China Hongqiao by 4.29%, and WuXi AppTec by 3.95% [2][3] - The semiconductor sector showed strong performance, with the semiconductor industry index rising by 8.33% [6][12] Sector Analysis - The semiconductor industry is experiencing a robust uptrend, driven by domestic substitution and industry recovery [6] - The Wind concept sector saw most indices rise, with the financial IC index up by 13.63%, integrated circuit industry fund index up by 9.03%, and integrated circuit index up by 8.59% [4] - The Hang Seng Tech Index constituents had 26 stocks rising and 4 falling, with Huahong Semiconductor leading with a gain of 13.73% [4][12] Economic Outlook - Deutsche Bank raised its GDP growth forecast for China to 5.0% for the year, citing industrial and export growth as key drivers [15] - The report highlighted the need for policy stimulus to address weak consumption and investment, while also noting the potential impact of external factors like US-China trade relations on exports [15]

Group 1: Market Overview - The Hong Kong stock market experienced fluctuations with three major indices retreating, where the Hang Seng Index fell by 0.61%, the Hang Seng China Enterprises Index decreased by 0.85%, and the Hang Seng Technology Index dropped by 1.2% [3] - The Hong Kong non-ferrous metals sector showed strong performance, with China Silver Group and Daye Nonferrous Metals both rising over 18% [5] Group 2: Sector Performance - The Wind Hong Kong Non-Ferrous Metals Concept Index increased by 2.42%, with notable gains from China Silver Group and Daye Nonferrous Metals [5] - Other sectors such as financial IC, LED lighting, brokerage, and online education performed strongly, while smart TVs and paper industries faced significant declines [5] Group 3: Semiconductor Sector - Hua Hong Semiconductor's stock rose by 5.03%, reaching a new historical high, supported by Goldman Sachs raising its target price for the stock [6][7][8] - The expanding AI ecosystem is seen as an opportunity for the semiconductor industry, with expectations of improved market conditions driven by policy expectations, earnings recovery, and a loose liquidity environment [8] Group 4: Precious Metals Outlook - International gold prices continued to rise, reaching new historical highs, with COMEX gold up by 1.17% and London gold up by 1.13%, briefly surpassing $3930 per ounce [10] - Guojin Futures indicated that gold and silver have seen consecutive weeks of increases, with significant cumulative gains and potential for short-term volatility [12]