Weekly Outlook | 'Central Bank Super Week' Arrives! Fed Rate Decision Marks Walsh's Debut; Markets Focus on U.S.-Iran Deal; U.S. May Retail Sales Data Due; Hong Kong and U.S. Markets Closed Friday
The G7 summit is being held in France, with executives from Anthropic, OpenAI, and Google planning to attend; China has released key economic data for May, including retail sales, industrial output, and housing prices; a 'central bank super week' is underway, with the Bank of Japan potentially raising interest rates while the Bank of England and the Reserve Bank of Australia are expected to hold rates steady.
Top-performing Hong Kong stocks this week | KBT Group surged nearly 47% for the week, KBTL rose nearly 33%, amid supply disruption risks for PPE resin; newly listed Shougang Langze gained over 39%, with the CCUS leader poised to benefit from SAF market ex
This week, the Hang Seng Index declined by 0.98% cumulatively, closing at 24,718.1 points; the Hang Seng Tech Index fell by 3.75% over the same period, ending at 4,705.2 points; and the Hang Seng China Enterprises Index dropped by 0.74%, closing at 8,374.43 points.
Hang Seng Indexes Company: Update to the Hang Seng Index Series Adjustment Schedule
This update will be implemented starting with the index review as of June 30, 2026.
BNP Paribas maintains a neutral stance on China and Hong Kong equities, advising investors to monitor AI-related growth stocks and high-dividend defensive shares.
Tam Wai Man, Deputy Chief Investment Officer for Asia at BNP Paribas Wealth Management, noted that she maintains a neutral view on mainland China and Hong Kong equities, but expects A-shares to outperform H-shares in the near term, as global markets are currently focused on the artificial intelligence (AI) theme, and AI-related stocks carry a higher weight in the A-share market compared to the relatively lower weighting in the Hang Seng Index. She believes investors should focus this year on AI growth and high-dividend defensive stocks, paying particular attention to global AI-related equities, with a favorable outlook on semiconductors, hardware, and the supporting infrastructure. She views infrastructure as a solid defensive asset, and sectors such as utilities typically generate very stable cash flows, which helps
Hong Kong Market Snapshot | All three major indices rose, with the Hang Seng Index up 1.93%; non-ferrous metal stocks performed strongly, with CMOC Group and Lingbao Gold surging over 12%; airline stocks gained momentum, with China Eastern Airlines Corpor
Most tech and internet stocks rose, with JD.com-SW up 3.40% and Alibaba-W up 2.61%; gold mining stocks advanced across the board, with Lingbao Gold rising 12.43% and Chifeng Gold up 10.63%; non-ferrous metal stocks broadly gained, with Lingbao Gold up 12.43% and CMOC Group Limited rising 12.17%;
Hong Kong Market Midday Review | All three major indices rose, with the Hang Seng Tech Index up 1.72%. Technology and internet stocks advanced, with Alibaba gaining nearly 3%. Semiconductor memory, new consumption, and robotics-related stocks performed st
Technology and internet stocks rose broadly, with JD.com-SW up 2.94% and Alibaba-W up 2.70%. Nonferrous metal stocks performed strongly, with CMOC Group rising 12.23% and Lingbao Gold gaining 9.72%. Gold stocks advanced across the board, with Zhufeng Gold up 11.39% and Lingbao Gold rising 9.72%.