投资要点港股与 A 股联动性正快速增强。历史上,港股与美股走势相关性更强。历史上港股走势与美股更相关,1970 年至今恒生指数与标普 500走势基本一致,港股与美股的联动性在美股大跌时尤为突出。但2020 年以来港股与美股联动性逐步减弱,尤其 2021 年、2023 年两者走势甚至完全相悖。与之相对的,港股与 A 股联动性的不断增强。从指数走势看,2002 年以来恒生指数与沪深 300 也存在一定...
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