Market Performance: Hong Kong stocks showed slight movements on settlement date, with the HSI closing up 17 points at 25,945, while the HSCEI and HSTECH experienced minor fluctuations.

Top Gainers and Losers: ALI HEALTH was the biggest loser, dropping 5.6%, while POP MART emerged as the largest gainer, increasing by 6.8%.

Tech Stocks Update: Major tech companies like BABA-W and TENCENT saw declines of 2.7% and 1.3%, respectively, while XIAOMI-W gained 2.5% following a notable personnel change.

Sector Highlights: Chip stocks generally fell, while handset-related stocks like COWELL and Q TECH saw significant gains, indicating mixed performance across different sectors.

Market Performance: The HSI rose 86 points (0.3%) to 26,014, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD117.17 billion.

Stock Movements: ALI HEALTH saw a significant drop of 4.4%, despite a 39% growth in adjusted net profit, while XIAOMI gained 3.2% after adding a former Tesla team member.

Tech Sector Trends: Major tech stocks like BABA and TENCENT experienced declines, while JD-SW and KUAISHOU posted modest gains, indicating mixed performance in the sector.

IP-Related Stocks Surge: Stocks related to intellectual property, such as POP MART and MNSO, saw substantial increases, with POP MART rising 8.6%, reflecting strong investor interest.

Stock Performance: POP MART (09992.HK) saw a significant rise of 7.33%, reaching a high of $225 during intraday trading, while MNSO (09896.HK) and BLOKS (00325.HK) also experienced gains of 3.72% and 4.29%, respectively.

Short Selling Data: The short selling ratios for these stocks indicate varying levels of market sentiment, with POP MART at 15.712% and MNSO at 16.657%.

Government Initiative: The Ministry of Industry and Information Technology and other departments have launched a plan to enhance consumer goods supply and demand, focusing on interest-driven products like pet merchandise and art toys.

Expansion of Low-Altitude Consumption: The initiative also aims to promote low-altitude tourism and related activities, ensuring safety and risk control in expanding this market segment.

Consumption Trends: The 2025 National Day/Mid-Autumn Festival holidays saw active inbound and outbound travel, with impressive consumption data highlighting youthfulness and experience-oriented spending, particularly in discretionary categories like home appliances and outdoor sports.

Investment Recommendations: CICC suggested focusing on sectors related to self-indulgence consumption, such as trendy toys and e-cigarettes, as well as beauty and personal care products, indicating potential growth in these areas despite mixed performance in consumer stocks.

Consumption Trends: The 2025 National Day/Mid-Autumn Festival holidays saw active inbound and outbound travel, with impressive consumption data highlighting youthfulness and experience-oriented spending, particularly in discretionary categories like home appliances and outdoor sports.

Investment Recommendations: CICC suggested focusing on sectors such as trendy toys, e-cigarettes, beauty, and personal care for long-term self-indulgence consumption, recommending specific stocks like POP MART, MAO GEPING, and SMOORE INTL.