[Huatai Securities Hong Kong Stock Strategy: Technology and Cyclical Consumables Remain Clear Themes] A research report from Huatai Securities states that the Hong Kong stock market experienced increased divergence during the Spring Festival. AI startups and internet giants showed divergent trends, and while consumer data was impressive, it failed to significantly boost sector performance. Gains remained concentrated in the technology and cyclical sectors. Looking ahead, in the short term, investors are advised to be wary of volatility risks associated with stocks that have surged ahead of the index and the adjustment of the Hong Kong Stock Connect program. In the medium term, technology and cyclical consumables remain clear themes.
