During the initial phase of last week, a moderate inflation rate in the United States bolstered market anticipation for the Federal Reserve to reduce interest rates, thereby alleviating recession fears following downward adjustments to employment data. Coupled with the robust financial reports of numerous leading enterprises and the gathering momentum of domestic consumer loan discount policies, the Hong Kong stock market surged, with growth-oriented stocks spearheading the gains. However, in the latter half of the week, domestic economic data exhibited a slight cooldown, prompting the market to revert to event-driven and thematic trading. Since August, the central pivot of index fluctuations has consistently moved upwards, albeit with a notable uptick in volatility. Currently, the market's primary theme remains unclear, as crucial international and domestic events await validation. This period presents an opportunity for position adjustment, and we remain optimistic about the market's future prospects.