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Hong Kong Stocks Midday Review | Three major indices fell in tandem, with the Hang Seng Index and the Hang Seng Tech Index dropping nearly 1%; non-ferrous metal stocks declined, with Jiangxi Copper falling nearly 11% and Zijin Mining dropping over 7%; tec
Technology and internet stocks declined, with Bilibili-W down 1.81% and Xiaomi Group-W up 1.23%; most gold stocks fell, with Zijin Mining dropping 7.55% and Shandong Gold declining 4.53%; property developer stocks were broadly lower, with Sun Hung Kai Properties down 7.88% and Sunac China down 5.22%;
Futu Morning Brief | Oil prices surpass $100 and bond yields surge as markets focus on tonight's U.S. CPI data; Trump hints that elections may constrain full-scale escalation of conflicts; Jensen Huang remains bullish on cybersecurity, denies AI investmen
The scale of U.S. Treasury repurchases fell short of expectations, with Bessent downplaying market concerns; the Bank for International Settlements warned that AI investment is increasingly reliant on debt, leading to accumulating financial stability risks.
HK Market Quick Look | The three major indices continued their decline, with the Hang Seng TECH Index falling 2.04% and Meituan dropping nearly 4%. Stocks related to optical communications and artificial intelligence weakened, with Lightelligence Technolo
Technology and internet stocks declined, with Meituan-W down 3.92% and Baidu Group-W down 3.31%. Casino and gaming stocks fell broadly, with MGM China down 3.53% and Galaxy Entertainment down 3.43%. Automotive stocks mostly trended lower, with Nio-SW down 4.51% and Brilliance China Automotive down 3.29%.
Major Financial Press Conference! CSRC, PBOC, NFRA, and SAFE Issue Joint Statements
The "15th Five-Year Plan" for Building a Strong Financial Nation has been officially released, outlining the goal to basically establish a modern financial system with Chinese characteristics that is highly adaptive, competitive, and inclusive by 2035. The China Securities Regulatory Commission (CSRC) stated that it will accelerate the implementation of a new round of reforms and opening-up in the capital market and spare no effort to maintain its stable operation. The National Financial Regulatory Administration (NFRA) clarified that it will vigorously rectify practices such as "price wars," irregular commission rebates, and "high-interest high-rebate" schemes.
Express News | Ministry of Commerce: China and the U.S. are negotiating a framework for reciprocal tariff reductions covering $30 billion
At the regular press conference held by the Ministry of Commerce on the 10th, spokesperson Huang Ling stated in response to questions that the Chinese and U.S. economic and trade teams are earnestly implementing the consensus reached during the meeting between the two heads of state in Beijing. They are currently negotiating a framework for reciprocal tariff reductions covering $30 billion, with the aim of early implementation. (Xinhua News Agency)
HK Market Midday Review | All three major indices fell, with the tech index dropping over 2%; AI applications and internet stocks declined, with Zhipu falling nearly 8%, MiniMax down nearly 7%, and Alibaba and Meituan both dropping more than 3%; Hygon Inf
Internet and technology stocks weakened, with Alibaba-W down 3.55% and Meituan-W down 3.41%; automotive stocks declined broadly, with Nio-SW falling 4.71% and XPeng-W dropping 3.36%; restaurant stocks retreated, with Jiumaojiu down 4.19% and Haidilao down 3.34%;