August 4Hot trading industry trends and related Hong Kong stocks:

① Gold sector:

Gold stocks surged across the board, with Shandong Gold and Chifeng Gold rising over 9%.

Key drivers:

1. Increased expectations of Fed rate cuts: Last Friday's U.S. non-farm payroll data or other key economic indicators showed signs of slowing U.S. economic growth, significantly boosting market expectations for a Fed rate cut in September or within the year.
2. Rising geopolitical risks: Tensions in the Middle East have increased demand for safe-haven assets, with gold seeing inflows as a traditional defensive asset.
3. Solid long-term support: The global central bank gold-buying trend remains unchanged, providing long-term support for gold prices.

Related Hong Kong stocks:

$CHIFENG GOLD(06693.HK)

$CHINAGOLDINTL(02099.HK)

$SD GOLD(01787.HK)

$ZHAOJIN MINING(01818.HK)

$TONGGUAN GOLD(00340.HK)

$ZIJIN MINING(02899.HK)

$CHI SILVER GP(00815.HK)

② Semiconductor sector

The semiconductor sector ended its previous adjustment phase and rebounded significantly.$INNOSCIENCE(02577.HK) became the focal catalyst today, as the company recently partnered with global AI leader $NVIDIA(NVDA.US) to jointly promote the large-scale adoption of 800 VDC (800-volt direct current) power architecture in AI data centers.

Key drivers:

1. Strong domestic policy support expectations: Frequent policy incentives, accelerating the localization of AI computing chips.
2. Signs of industry bottoming out: After a prolonged inventory reduction cycle in the global semiconductor industry, some segments (such as memory and certain analog chips related to consumer electronics) are showing signs of bottoming out.
3. Valuation recovery demand: Hong Kong-listed semiconductor stocks are relatively undervalued, with policy tailwinds and industry recovery expectations driving technical rebounds and valuation repairs.

Related Hong Kong stocks

$INNOSCIENCE(02577.HK)

$SMIC(00981.HK)

$HUA HONG GRACE(01347.HK)

$SHANGHAI FUDAN(01385.HK)

$CE HUADA TECH(00085.HK)