On October 4, the Hong Kong stock market opened slightly lower, then fluctuated narrowly and rose. As of the time of publication, $Hang Seng TECH Index (800700.HK)$ up nearly 4%, $Hang Seng China Enterprises Index (800100.HK)$Please use your Futubull account to access the feature.$Hang Seng Index (800000.HK)$ The TOPIX index rose more than 2%.

Looking at the market, diversified finance, Chinese brokerage, energy and other gainianbankuai sectors are leading in terms of increase.

China-affiliated brokerage stocks continue to be strong.

China-affiliated brokerage stocks continue the strong trend of recent days, rallying again today. As of the time of publication, $SWHY (06806.HK)$ up more than 32%, $CC SECURITIES (01375.HK)$ up nearly 26%, $EB SECURITIES (06178.HK)$ up more than 23%, $CMSC (06099.HK)$ Rose nearly 20%.

ChinaAMC STAR50 ETF listed on HKEX - $CSOP STAR 50 Index ETF (03109.HK)$ Today's intraday rise again, rising more than 10% at one point, currently narrowing to around 5%.

Real estate stocks rose during the session.

Real estate sector surged rapidly after a low opening, as of the time of writing, $SHIMAO GROUP (00813.HK)$ Up nearly 13%, $AGILE GROUP (03383.HK)$ Up nearly 11%, $CHINA JINMAO (00817.HK)$ Up nearly 10%.

Middle East conflict escalating, energy stocks soaring

Due to market concerns about retaliatory strikes by Israel on Iranian oil facilities, international oil prices surged overnight. As a result, today the Hong Kong stock energy sector performed strongly. $SINO OIL & GAS (00702.HK)$ The stock once rose more than 80%, and as of now, it has risen more than 46%. $PETROCHINA (00857.HK)$Please use your Futubull account to access the feature.$SINOPEC CORP (00386.HK)$ Rises nearly 4%.

On the news front, USA President Biden acknowledged when responding to media queries that discussions with Israel about the option of 'attacking Iranian oil facilities' were ongoing.

On the evening of October 1st local time, the Iran Islamic Revolutionary Guard announced the launch of 200 missiles at military and security targets within Israel in response to a series of attacks by Israel. According to Israeli media reports, the Israeli government held high-level security consultations on the evening of the 3rd to discuss how to respond to Iran's missile attacks.

According to Israel's Channel 12 TV station's report on the 3rd, Israeli Prime Minister Netanyahu held the latest high-level security consultations in the evening of the 3rd to decide how to respond to the large-scale missile attack launched by Iran against Israel. It is reported that Israel is expected to respond in 'a few days,' and Israel is considering 'multiple options,' including seeking diplomatic pressure on the United States and Western countries, demanding a new round of severe sanctions against Iran, etc.

Former Israeli Chief of Staff of the Israel Defense Forces, Halifi, stated on the 2nd that Israel will respond to Iran's missile attacks, and the Israeli military has the capability to **** location in the Middle East. According to U.S. media reports on the 2nd, Israel may retaliate with strikes on Iran's strategic targets such as oil facilities in the coming "few days".

Foreign investment is increasing. China's assets currently still offer good value for money.

Huafu Securities believes that the recent strong performance of Chinese assets represented by the Hong Kong stock market is the result of multiple factors catalyzing together. On one hand, domestic favorable policies are frequently introduced, significantly boosting market confidence; on the other hand, the U.S. Federal Reserve's interest rate cut in September has marginally eased the global liquidity environment. During the initial phase of the Fed's rate cut, global equity markets tend to benefit from the generally good performance of the denominator logic.

Tianfeng Securities stated that compared to global markets, Chinese assets still offer good value for money. Based on the gradual recovery expectations and the anticipation of subsequent improvement in fundamentals, the current valuations of Hong Kong stocks and China-affiliated stocks remain attractive.风险回报比High.

Fredrik Bjelland, portfolio manager of the emerging markets fund Skagen Kon-Tiki, stated, "There is still a long way to go for the rebound, and China's valuations are very attractive. In addition, compared to history, global investors have very light positions." Laura Wang from Morgan Stanley mentioned that with the possibility of the Chinese government announcing fiscal measures to boost the already announced stimulus plan, the Chinese stock market may rise another 10% to 15%.

At the same time, foreign investment is also increasing significantly. On the evening of October 3rd, the latest information disclosed by the Hong Kong Stock Exchange showed that J.P. Morgan bought China Pacific Insurance H shares for 267 million Hong Kong dollars, BYD H shares for 1.791 billion Hong Kong dollars, Tsingtao Brewery H shares for 242 million Hong Kong dollars, and Hong Kong Exchanges and Clearing H shares for 1.813 billion Hong Kong dollars on September 27th. This means that in a single day, J.P. Morgan spent over 4.1 billion Hong Kong dollars to buy Chinese assets. In addition, data disclosed on the evening of October 2nd showed that on September 26th, J.P. Morgan increased its holdings of China Ping An H shares by 1.771 billion Hong Kong dollars and increased its holdings of CM Bank H shares by 0.895 billion Hong Kong dollars on September 25th.

Editor/Somer