U.S. forces struck Iranian targets, prompting air defense alerts in Bahrain and Kuwait; Trump insisted he would soon 'disengage' from the conflict with Iran.
Tensions in the U.S.-Iran conflict continue to escalate, with Bahrain and Kuwait successively issuing nationwide air defense alerts. U.S. forces shot down four Iranian drones and conducted airstrikes on Iranian coastal radar installations, prompting Iran to retaliate with missile strikes targeting U.S. military bases in Kuwait and Bahrain.
Top-performing Hong Kong stocks this week | Shougang Lango surged nearly 108% in its debut week; Wuyi Vision rose over 30%, driven by NVIDIA’s new product catalyzing a surge in demand for intelligent driving simulation; and Lichen Resources gained nearly
This week, the Hang Seng Index declined by 0.88% cumulatively, closing at 24,961.95 points; over the same period, the Hang Seng Tech Index rose by 0.09% cumulatively, closing at 4,888.39 points; and the Hang Seng China Enterprises Index increased by 0.13% cumulatively, closing at 8,436.63 points.
Hang Seng Index Bull/Bear Ratio (60:40) | June 6
As of June 6, the latest bull-bear warrant ratio for the Hang Seng Index stood at 60:40.
Hong Kong Market Snapshot | All three major indices declined, with the tech index down 1.75%; Hong Kong stocks fell for the third consecutive day. Most semiconductor stocks declined, with Montage Technology dropping 9.21%. Shipping and port stocks rose, w
All three major indices declined, with the tech index falling 1.75%, and Hong Kong stocks dropping for the third consecutive day; most semiconductor stocks fell, with Montage Technology down 9.21%; shipping and port stocks rose, with COSCO Shipping Holdings up 6.68%.
CICC’s Outlook for Hong Kong Equities in the Second Half of the Year: Maintains a Neutral View on Index Volatility; Marginal Shifts Ahead May Drive Valuation Recovery in Growth Sectors Such as Hang Seng Tech from Current Low Levels
It is still advisable to closely follow the direction in which credit can expand.
Hong Kong Market Midday Review | All three major indices weakened, with the Hang Seng Tech Index down 1.23%; memory-related stocks broadly declined, with CSOP FTSE China A50 Two Times Long SK Hynix ETF dropping over 14% and CSOP FTSE China A50 Two Times L
Tech and internet stocks weakened, with Baidu Group-SW down 1.31% and Xiaomi Group-W down 0.78%; shipping and port stocks performed strongly, with COSCO Shipping Holdings up 7.32% and Orient Overseas International up 5.55%; most casino and gaming stocks declined, with Wynn Macau down 4.25% and Sands China Ltd. down 4.12%.