Cathay Securities Overseas: Under the Federal Reserve's resumption of interest rate cuts, there is a possibility of an unexpected return of foreign capital to the Hong Kong stock market

The overseas strategy team of Cathay Securities and Haitong Securities released a research report indicating that there have been positive changes in the funding situation for Hong Kong technology stocks recently, with foreign capital expected to flow back more than anticipated. Since May, the easing of Sino-U.S. trade negotiations and the weak dollar logic have driven foreign capital back, and it is expected that the Federal Reserve will restart interest rate cuts in September, further improving the environment for foreign capital inflows. Although there was some fluctuation in foreign capital in early August, the overall trend is positive, especially as the technology and consumer sectors will continue to attract foreign capital attention