CITIC Securities: Hong Kong stock market sentiment may tilt higher

CITIC Securities research report stated that we believe the core driving force behind the current rise in US stocks has returned to the fundamentals of enterprises, and the easing of US-China relations is expected to significantly reduce the potential disturbances caused by additional risk factors. With relatively relaxed US-China relations and ample overall liquidity in the United States, US stocks still have significant allocation value. We recommend focusing on the technology industry in the US stock market with valuations and performances more closely matched, as well as the manufacturing industry benefiting from the process of reindustrialization and policy support, the midstream and upstream resources sector, and the nuclear power industry. We believe that the Hong Kong stock market's wind may be biased towards an upward trend, and we recommend paying attention to sectors such as raw materials, sectors exporting to the US, as well as sectors such as aviation and papermaking that may benefit from the appreciation of the renminbi.