Futu Morning Brief | Trump expresses strong anticipation for his upcoming visit to China; U.S. April CPI data to be released at 20:30, with Morgan Stanley suggesting the figures could be 'more explosive'; reports indicate Kuaishou plans to spin off Kelin
The Senate Banking Committee will hold a formal markup session on the Clarity Act on Thursday; the S&P 500 Index and Nasdaq Composite hit new highs, with storage and optical communication sectors continuing their upward momentum.
U.S. President Trump's upcoming visit to China has drawn significant attention to high-level interactions between the two countries at this critical juncture.
This is the first face-to-face meeting between the leaders of China and the United States since their last encounter in Busan in October of the previous year, and also marks the first visit to China by a U.S. president in nine years.
Market Snapshot | Mixed performance across the three major indices; memory sector surges, with Southbound Double Leverage Hynix up over 23% and Montage Technology rising more than 11%, both hitting record highs; tech stocks weaken, as Alibaba-W drops near
The three major indices showed mixed performance; semiconductor stocks rose collectively, with Nexperia soaring 15.47%; tech and internet stocks weakened, as Alibaba-W dropped 3.67%.
Express News | The Foreign Ministry Responds to Trump's Visit to China
Hong Kong Stock Market Midday Review | The three major indices rebounded after hitting lows, with the technology index rising 0.04%. PCB, memory concept stocks, and semiconductor shares were active. The Southern Twice Leveraged Hynix surged over 25%, Mont
Technology and internet stocks declined collectively, with Baidu Group-SW falling by 3.44% and Alibaba-W dropping by 3.24%. Multiple stocks in the Hong Kong retail sector also declined, with Samsonite falling by 8.03% and Joyful Holdings declining by 7.89%. Gold-related stocks experienced widespread declines, with Lingbao Gold plummeting by 10.22% and Tongguan Gold dropping by 8.71%.
Express News | US President Trump will pay a state visit to China.