China Galaxy Securities: Hong Kong stocks may continue to fluctuate.

Guotai Junan Securities believes that looking into the future, market risk preferences tend to be cautious, and hot spots in the market are rotating faster, with Hong Kong stocks potentially continuing their volatile trend. In terms of allocation, it is suggested to pay attention to the following sectors: 1. "Anti-internal competition" policy effects gradually showing, under the changes in supply and demand pattern, cyclical stocks benefiting from rising commodity prices may continue to rebound. 2. The uncertainty facing the Federal Reserve's interest rate cut policy, coupled with a decrease in market risk appetite, investors may turn to dividend stocks for defense.