According to the Wise News Finance APP, network technology stocks expanded their gains in the final hour of trading. As of the time of publication, Meituan-W (03690) rose by 5.65% to HK$200; Kuaishou-W (01024) rose by 2.92% to HK$52.8; Tencent (00700) rose by 2.05% to HK$428.4; Alibaba-W (09988) rose by 1.69% to HK$96.

On the news front, the dust of the U.S. general election settles, with Trump returning to the White House after four years. Guojun International believes that with the conclusion of the U.S. election results, the risk assessment of the Hong Kong stock market will be lowered, with an upward trend expected for the future of the Hong Kong stock market. The stock prices of interest-sensitive industries will have greater flexibility. Guoyuan International points out that the current investment focus of the internet sector should still revolve around gaming expansion, AI scene deployment, and the revival of cloud service demand.

Everbright Securities points out that on one hand, domestic policies are actively boosting investor confidence, with expectations rising for further reinforcement of economic support policies in the future, leading to potential improvement in Hong Kong stock market expectations. On the other hand, the Federal Reserve may cut interest rates twice this year, which may contribute to improved liquidity in the Hong Kong stock market in the short term, providing positive support. Sectors with high financing demand such as technology and pharmaceuticals may benefit first from lower financing costs, making them more likely to experience a significant rebound. Moreover, historically, during the 2019 Federal Reserve rate cut cycle, the rise and certainty of Hang Seng tech stocks were higher than the Hang Seng Index.