[Analysts: If the Federal Reserve gradually enters an interest rate cut cycle, the valuation of Hong Kong stocks is expected to increase significantly] Golden Finance reported that after the Federal Reserve’s interest rate cut expectations increased, the Hong Kong stock market has ushered in a big explosion. At the close on Friday, the Hang Seng Index rose by more than 2%, the Hang Seng Technology Index rose by 2.67%, and the State-owned Enterprises Index rose by 1.93%. Analysts pointed out that the Hong Kong stock market is significantly affected by the Federal Reserve's monetary policy, and there is an obvious and rapid feedback to it. If the Federal Reserve gradually enters an interest rate cutting cycle, based on the fact that the Hong Kong dollar is anchored to the US dollar and Hong Kong's interest rate levels are basically consistent with the Fed's trend, the valuation of Hong Kong stocks is expected to increase significantly. Guotai Junan Securities believes that as economic policy uncertainty decreases and the trend of overseas interest rate cuts is confirmed, Hong Kong stocks will fluctuate upward. Specifically, what is more sensitive is that the real estate sector is expected to usher in good news. Secondly, pharmaceutical stocks that are more sensitive to interest rate costs are also expected to benefit from interest rate cut speculation, capital costs will fall, pharmaceutical capital expenditures will increase investment, and overseas market business will tend to improve. (Brokerage China)