Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up 1.28%; PCB, memory, and semiconductor stocks surged in tandem, with KB Group Holdings climbing over 22% to a new record high, Innoscience rising more than 16%, and GigaDevice
Technology and internet stocks were mixed, with Alibaba-W down 1.00% and Kuaishou-W up 0.87%; semiconductor stocks performed strongly, with Innoscience up 16.64% and GigaDevice up 10.25%; smartphone supply chain stocks rose, with Kingboard Group up 12.88% and Lens Technology up 11.22%;
Express News | The U.S. and Iran to hold "preparatory talks" in Doha to finalize technical framework ahead of Friday's signing
U.S.-Iran deal 'reached'! Trump says 'Strait of Hormuz to be freely open on Friday,' while Iran claims 'gains far exceed commitments'
The United States and Iran simultaneously announced the conclusion of a Memorandum of Understanding on a ceasefire. Trump authorized the 'free opening' of the Strait of Hormuz and lifted the naval blockade, with the formal signing ceremony scheduled to take place in Switzerland on June 19.
Futu Morning Brief | U.S.-Iran deal reached! Trump says Strait remains freely open; all three major futures indices rise. Asia-Pacific markets perform strongly, with Japanese stocks hitting a new high and the Korean stock index surging nearly 6%. SpaceX g
A U.S.-Iran deal may be reached, potentially opening the Strait, with Asia-Pacific markets showing strong early-session performance; SpaceX rose 19% on its listing debut, and most semiconductor stocks advanced.
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.