HTSC Hong Kong Stock Strategy: Technology and cyclical consumables remain clear main lines

HTSC's research report states that during the Spring Festival, the Hong Kong stock market has seen increased internal differentiation, with new AI forces diverging from the trends of internet giants. While consumer data shows bright spots, it has not significantly boosted sector performance, with gains still concentrated in technology and cyclical industries. Looking ahead, investors are advised to be cautious of the volatility risks of individual stocks that may be preemptively traded around the index and Hong Kong Stock Connect adjustment dates. In terms of medium-term allocation, technology and cyclical consumables remain clear main lines