港股收評：恆指收漲0.46%，中資券商股衝鋒，內房股回調！
7月11日，港股三大指數午後回落，整體呈現衝高回落行情。
恆指收漲0.46%，國企指數、恆生科技指數分別上漲0.22%及0.61%。
盤面上，大金融股表現強勢帶領大市衝高，尤其是中資券商股漲幅最爲搶眼，保險股走強，內銀股午後回落多數轉跌，區域性銀行多數維持漲勢；鋼鐵股、生物醫藥、半導體芯片股、等紛紛上漲。
昨日因傳聞大漲的內房股普遍回調，物管股跟跌，蘋果概念股、影視娛樂股、職業教育股普遍走低，此前連創新高的新消費概念估老鋪黃金大跌超11%。
具體來看：
大型科技股漲跌不一，阿里、美團漲超1%，美團、小米等收漲；快手跌超2%，網易、百度、京東等收跌。
大金融延續漲勢，中資券商、保險股爆發，中州證券飆漲超47%領銜，興證國際漲超24%，國聯民生漲超15%，國泰海通漲超10%，陽光保險漲超5%。消息面上，近期國泰君安國際等30餘家券商獲批第1號牌升級，隨着《穩定幣條例》將於今年8月1日正式實施，虛擬資產全牌照正逐步落地。另外東吳證券預計，未來伴隨國內經濟復甦，長端利率若繼續修復上行，則保險公司新增固收類投資收益率壓力將有所緩解。當前公募基金對保險股持倉仍處於低位，估值對負面因素反應較爲充分。
醫藥外包、生物醫藥概念漲幅居前，凱萊英漲超13%，藥明康德、康龍化成漲超10%。中金認爲，2025年，流動性預期樂觀以及國內AI等技術突破等都導向以及創新藥爲代表的醫藥科技類資產更適合今年的投資環境。該行指出，受益於下遊創新藥板塊今年的積極表現，一二級新藥投融資環境改善，對以內需CRO和科研上遊爲代表的供應鏈體系有較爲積極的訂單改善邊際影響。
鋼鐵股上漲，奧維控股漲超16%，找鋼集團-W漲超15%，馬鞍山鋼鐵股份、鞍鋼股份等跟漲。高盛認爲，中央財經委會議首提治理企業“過度競爭”，標誌“反內卷”政策升級。鋼鐵業5000萬噸減產計劃有望提速，下半年產量或降6%，利潤率或擴大200元/噸；水泥業約22-27%過剩產能面臨淘汰。政策轉向長期產能削減，將推動行業利潤持續改善。
教育股跌幅居前，天立國際控股、民生教育跌超3%，中國東方教育、思考樂教育跌超2%，中教控股、新東方-S等跟跌。
內房股、物管股走低，融信中國跌超7%，旭輝控股集團跌5%，世茂集團、濱江服務等跌超3%。摩根大通指出，內房股近日或屬投機主導反彈但市場對新政策支持期望正趨升。市場揣測下週將舉行高層會議，該行指，無法證實這一猜測，如果下週沒有任何具體消息，預期會出現獲利回吐。
內銀股下跌，浙商銀行跌超4%，中國光大銀行、重慶銀行等跌超2%。
今日，南向資金淨買入17.44億港元，其中港股通（滬）淨賣出21.97億港元，港股通（深）淨買入39.41億港元。
展望後市，高盛唱多亞洲股市，其認爲關稅政策的確定性增強以及寬鬆貨幣環境將爲該區域股市帶來利好。該行上調港股評級，預期美聯儲降息週期帶來的美元走弱將令港股等市場受益。
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