In its research report, Galaxy Securities highlighted that, in the near term, the likelihood of a Federal Reserve interest rate reduction has diminished, while global geopolitical uncertainties have surged. Consequently, it is projected that the Hong Kong stock market will experience fluctuations within a narrow band. Regarding asset allocation, the report advises concentrating on three key sectors: Firstly, the technology sector, which stands as a medium- to long-term investment theme. This sector is poised to gain from industrial chain price hikes, import substitution efforts, and the swift progression of AI applications. Secondly, the consumer sector, anticipated to keep receiving policy backing, warrants close monitoring for the effectiveness of policy rollouts and enhancements in consumer data trends. Lastly, safe-haven assets like precious metals are likely to see benefits amid escalating geopolitical tensions.