Understanding the Market | Tech stocks expanded their gains in the late trading session as uncertainties surrounding the U.S. election were eliminated. Institutions believe that both profitability and liquidity expectations for the sector are likely to improve

Tech stocks expanded their gains in the closing hours, with MEITUAN-W rising 5.65%, KUAISHOU-W up 2.92%, Tencent increasing by 2.05%, and Alibaba-W rising 1.69%. With the results of the U.S. election confirmed, market risk assessments have been downgraded, indicating an upward trend in the future. Institutions believe that investment in the internet sector should focus on overseas gaming, AI, and cloud service demand. Domestic policies are boosting confidence, with expectations of increased economic policy support and potential interest rate cuts by the Federal Reserve, which may help improve liquidity in the Hong Kong stock market in the short term, with the technology and pharmaceutical sectors likely to benefit first