Market Overview - The Hang Seng Index closed at 23,831 points, down 145 points or 0.61%, while the Hang Seng China Enterprises Index fell 47 points or 0.49% to 9,656 points, with total market turnover decreasing to HKD 82.799 billion [1][5] - The report emphasizes a strategy of actively positioning in undervalued sectors, with coal, oil, and banking sectors showing notable gains [1][3] US Market Insights - The US stock market showed mixed results, with the Nasdaq rising 0.5% and the S&P 500 up 0.2%, while the Dow Jones fell 0.5% [2] - Amazon's stock surged 4% following a $38 billion partnership with OpenAI, while Nvidia and Micron also saw stock increases due to significant contracts [2] Sector Performance - In the Hang Seng Index, 62 stocks rose while 26 fell, with AIA Group increasing by 5.96% and China National Offshore Oil Corporation rising by 3.49% [3] - Xiaomi Group's stock rose by 3.52% due to strong vehicle delivery numbers, while the semiconductor sector showed relative weakness [3][1] Investment Recommendations - The report suggests continued focus on sectors such as artificial intelligence, semiconductors, and industrial software, as well as undervalued state-owned enterprises with high dividends [3] - Companies benefiting from anticipated Federal Reserve rate cuts and strong mid-term performance in upstream non-ferrous metals are also highlighted [3] Notable Company Developments - Iren (IREN.US) signed a $9.7 billion multi-year contract with Microsoft, leading to an 11% surge in its stock price [2] - Baidu's autonomous driving service, "萝卜快跑," reported over 250,000 weekly orders, with a total of over 17 million orders globally [9][12] New Product Launches - 越疆 (2432.HK) launched the world's first family smart robot "RoverX1," priced at 7,499 RMB, aiming to integrate deep AI with practical functions [9] - The report suggests monitoring companies involved in robotics, such as 优必选 (9880HK) and 越疆 (2432HK) [9]