Everbright Securities: The Federal Reserve's interest rate cut cycle has begun, and Hong Kong stocks may continue to fluctuate upward in the future
Everbright Securities released a research report stating that although Hong Kong stocks have risen for several consecutive months, the overall valuation remains low, making long-term allocation cost-effective. Against the backdrop of the Federal Reserve's interest rate cut cycle and the continuous development of the AI industry, Hong Kong stocks may continue to experience fluctuations and upward trends in the future. In October, the A-share and Hong Kong stock markets showed mixed performance, with major indices fluctuating and significant differentiation in industry performance. In the medium term, attention should be paid to the TMT and advanced manufacturing sectors, and if the market fluctuates, focus should be on high-dividend and consumer sectors
