Key Points - The report highlights the performance of major market indices, with the Hang Seng Index closing at 25,524, down 0.15% for the day but up 27.24% year-to-date [1] - The report notes that the Hang Seng Technology Index closed at 5,644, down 0.35% for the day and up 26.33% year-to-date [1] - The report mentions that Standard Chartered and Alibaba signed a Memorandum of Understanding (MOU) to accelerate the integration of financial services and AI technology [10] - WuXi AppTec reported a 95% increase in mid-year profits and raised its full-year operational outlook, with its stock price rising by 8% [11] - JD.com has reportedly registered "JCOIN" and "JOYCOIN" as part of its blockchain initiative [12] - The International Monetary Fund (IMF) has raised its global economic growth forecast for this year to 3% [15] - The report indicates that the U.S. consumer confidence index rose to 97.2 in July, reflecting a slight improvement in consumer sentiment [16] - The report provides insights into the performance of various sectors, with biotechnology and pharmaceuticals showing positive trends, while agriculture and financial sectors faced pressure [21]

Market Performance - The Hang Seng Index closed at 25,562, up 0.68% with a year-to-date increase of 27.43% [1] - The Hang Seng Tech Index closed at 5,664, down 0.24% with a year-to-date increase of 26.77% [1] - The Dow Jones Index closed at 44,837, down 0.14% with a year-to-date increase of 5.39% [1] Currency and Commodity Overview - The RMB Index is at 95.710, down 0.22% over the last month and down 5.14% over the last six months [2] - Brent crude oil is priced at $69.10 per barrel, up 3.40% over the last month but down 5.59% over the last six months [2] - Gold is priced at $3,338.20 per ounce, up 1.04% over the last month and up 20.77% over the last six months [2] Company News - Alibaba has launched its first self-developed AI smart glasses, Quark Glasses, which integrates features from its ecosystem including Alipay [9] - Lenovo has signed a strategic cooperation agreement with China Telecom to explore AI computing and other fields [10] - Audi reported a 24.27% decline in profit for the first half of the year, adjusting its full-year performance guidance downwards [13] - Tesla has signed a $16.5 billion chip supply agreement with Samsung, aimed at producing next-generation AI chips [14] Trade and Economic Data - Hong Kong's exports grew by 11.9% year-on-year last month, marking the 16th consecutive month of growth, although the growth rate has slowed [11] - The Dallas Fed's manufacturing index rose to 0.9 in July, indicating a recovery in factory activity after five months of decline [15] Stock Performance - China Biologic Products Holdings saw a stock price increase of 7.09%, leading the gainers in the Hang Seng Index [17] - BYD's stock price decreased by 1.16%, with a short-selling ratio of 42.43% [19] - The top-performing sectors in the Hong Kong market included biotechnology and pharmaceuticals, while the automotive sector faced declines [20]

每日晨报│2025 年 7 月 28 日 | 主要市场指数表现 | | | | | --- | --- | --- | --- | | | 收市价 | 上个交易日升 | YTD 升跌 | | 恒生指数 | 25,388 | -1.09% | +26.56% | | 恒生科技指数 | 5,677 | -1.13% | +27.08% | | 国企指数 | 9,150 | -1.16% | +25.52% | | 沪深 300 | 4,127 | -0.53% | +4.89% | | 上证综合指数 | 3,593 | -0.33% | +7.22% | | 深证成份指数 | 11,168 | -0.22% | +7.24% | | 中小板指 | 6,953 | +0.28% | +8.95% | | 道琼斯指数 | 44,901 | +0.47% | +5.54% | | 标普 500 指数 | 6,388 | +0.40% | +8.62% | | 纳斯达克指数 | 21,108 | +0.24% | +9.31% | | 伦敦富时指数 | 9,120 | -0.20% | +11.59% | | CAC40 ...

Market Performance - The Hang Seng Index closed at 25,667, up 0.51% for the day and up 27.95% year-to-date [1] - The Hang Seng Technology Index closed at 5,743, down 0.05% for the day and up 28.53% year-to-date [1] - The Shanghai Composite Index closed at 3,605, up 0.65% for the day and up 7.58% year-to-date [1] Currency and Commodity Overview - The Renminbi Index is at 96.140, up 0.68% over the last month but down 5.14% over the last six months [2] - Brent crude oil is priced at $69.130 per barrel, up 4.43% over the last month but down 7.34% over the last six months [2] - Gold is priced at $3,366.24 per ounce, up 1.31% over the last month and up 21.53% over the last six months [2] Key News Highlights - The Hong Kong stock market has seen a continuous rise for five trading days, with the Hang Seng Index reaching a new high not seen in over three and a half years [4] - The A-share market has also shown strength, with the Shanghai Composite Index surpassing 3,600 points, marking a significant increase [4] - In the U.S. market, the three major indices showed mixed results, with the Nasdaq and S&P 500 reaching new closing highs [5] Company-Specific Developments - Bubble Mart's chairman Wang Ning denied allegations of "hunger marketing," stating that production capacity is increasing monthly [9] - Three Life Pharmaceuticals has entered into a licensing agreement with Pfizer, raising approximately 785 million HKD through a share issuance at a 17% discount [11] - Tesla's stock fell nearly 23% following a report of declining sales in Europe, where new car sales dropped by 5.1% in June [13][14] Economic Indicators - The U.S. Markit Composite PMI for July is at 54.6, indicating expansion, although the manufacturing sector has slipped into contraction with a PMI of 49.5 [15] - The UK's Composite PMI fell to 51 in July, below expectations, reflecting economic pressures [12] - China's industrial profits for June showed a year-on-year decline of 9.1% [25]

Market Performance - The Hang Seng Index closed at 24,771, up 0.12% with a year-to-date increase of 23.49% [1] - The Hang Seng Tech Index closed at 6,041, down 1.05% with a year-to-date increase of 35.21% [1] - The Dow Jones Index closed at 41,964, up 0.92% with a year-to-date decrease of 1.36% [1] Currency Trends - The Renminbi Index is at 98.810, down 1.25% over the last month but up 1.06% over the last six months [2] - The Euro to USD exchange rate is at 1.090, up 4.60% over the last month but down 2.33% over the last six months [2] Commodity Prices - Brent crude oil is priced at $70.020 per barrel, down 7.47% over the last month [3] - Gold is priced at $3,029.69 per ounce, up 3.28% over the last month and up 17.12% over the last six months [3] Economic Indicators - The Federal Reserve maintained interest rates at 4.25% to 4.5%, lowering the economic growth forecast for the year to 1.7% [11] - The Eurozone's February CPI final value was revised down to a 2.3% year-on-year increase, slightly below expectations [16] Company Updates - Tencent Holdings reported a 41% year-on-year increase in adjusted profit, with a final dividend increase of 32% [25] - Country Garden plans to delay payments on two bonds until September, seeking a six-month negotiation period for debt restructuring [24] - Henlius USA received orphan drug designation from the FDA for HLX22, a monoclonal antibody for gastric cancer treatment [28]

Market Performance - The Hang Seng Index closed at 23,600, down 0.76% for the day but up 17.65% year-to-date [1] - The Hang Seng Tech Index fell 2.04% to 5,845, with a year-to-date increase of 30.82% [1] - The US stock market showed mixed results, with the Dow Jones down 0.20% and the S&P 500 up 0.49% [6][7] Economic Indicators - The US budget deficit for February was $307 billion, exceeding expectations and last year's figure of $296.2 billion [10] - The US inflation rate for February was reported at 2.8%, with core inflation dropping to 3.1%, both lower than market expectations [11][12] - The EU proposed a new law to reduce dependency on foreign pharmaceutical supplies, allowing financial support for domestic production [22] Company Developments - Industrial and Commercial Bank of China (ICBC) established a technology innovation fund of 800 billion RMB to support hard technology and private enterprises [24] - Toyota plans to launch three new electric vehicles in Europe this year to compete with Tesla and Chinese automakers [25][27] - JD.com announced the establishment of a new health company in Shenzhen with a registered capital of 10 million RMB [28] Market Trends - The Hong Kong stock market experienced a decline, with significant drops in technology and healthcare stocks, while some resource and energy stocks performed well [5][6] - European markets saw a general increase, driven by improved investor sentiment following lower-than-expected US inflation data [7] IPO Information - Recent IPOs include Chifeng Jilong Gold Mining, which listed on March 10, 2025, with a current price of 13.64 HKD, showing a slight decline since its debut [40] - Upcoming IPOs include several companies across various sectors, indicating a diverse market interest [41]

Market Performance - The Hang Seng Index closed at 19,286, up 0.34% from the previous trading day, with a year-to-date decline of 3.86% [1] - The Hang Seng Technology Index rose by 0.27% to 4,363, while the National Enterprises Index increased by 0.35% to 7,011 [1] - The Shanghai Composite Index fell by 0.43% to 3,227, and the Shenzhen Component Index decreased by 1.03% to 10,060 [1] Currency and Commodity Trends - The Renminbi Index increased by 7.77% over the past month, while the US Dollar Index rose by 26.79% [2] - Brent crude oil prices rose by 9.12% to $80.92 per barrel, and natural gas prices increased by 22.26% to $3.799 per million BTU [2] - Gold prices saw a slight increase of 0.66% to $2,670.33 per ounce, while silver prices dropped by 2.67% to $29.732 per ounce [2] Economic Indicators - The US inflation rate for December rose to 2.9%, aligning with market expectations, while core inflation unexpectedly slowed to 3.2% [10] - China's retail sales for the first eleven months of the year reached 44.3 trillion yuan, growing by 3.5% [11] - Indonesia's central bank unexpectedly cut interest rates by 0.25 percentage points to 5.75% [13][15] Company Developments - Meituan launched the SnapTube home testing service in Hong Kong, allowing users to test for multiple respiratory pathogens conveniently [16][17] - Tencent upgraded its meeting product with the AI Assistant Pro, enhancing organizational collaboration and communication efficiency [18] - BYD announced a strategic partnership with Grab to provide up to 50,000 electric vehicles for Grab drivers in Southeast Asia [19] Stock Performance - Semiconductor company SMIC saw a significant increase of 5.98% in its stock price, closing at 37.20 HKD [21] - Zijin Mining experienced a decline of 5.85%, closing at 14.48 HKD, making it one of the worst-performing blue-chip stocks [21] - The top-performing stocks included Xinyi Solar and NetEase, with increases of 4.73% and 4.03%, respectively [21]

Market Performance - The Hang Seng Index closed at 19,623, down 2.18% for the day and 2.18% year-to-date [2] - The Hang Seng Technology Index fell to 4,357, a decrease of 2.47% [2] - The Shanghai Composite Index ended at 3,262, down 2.66% [3] - The Dow Jones Index closed at 42,392, down 0.36% [3] Economic Indicators - U.S. construction spending remained flat in November, missing expectations [5] - The U.S. manufacturing PMI for December was revised up to 49.4, indicating a slight contraction [5] - Initial jobless claims in the U.S. unexpectedly fell to 211,000, the lowest in eight months [5][41] - Eurozone M3 money supply growth in November was 3.8%, exceeding expectations [5][42] Company Developments - Innovent Biologics entered a significant collaboration with Roche worth $1.08 billion, accelerating its internationalization efforts [7][19] - Alibaba Cloud partnered with Zero One to establish a joint laboratory for large model applications [43] - Xiaomi acquired a 15% stake in a fitness company, AIDONG SPORT [48] Industry Trends - The automotive sector is seeing a push for "trade-in" subsidies, with companies like Li Auto and NIO offering cash incentives for customers [49][50] - The pharmaceutical industry is witnessing advancements with clinical trials for new vaccines and diabetes treatments [47][20]

Market Performance - The Hang Seng Index closed at 19,705, up 0.21% for the day and up 15.59% year-to-date [1] - The Hang Seng Tech Index rose by 0.41% to 4,413, with a year-to-date increase of 17.24% [1] - The Shanghai Composite Index increased by 0.66% to 3,367, with a year-to-date rise of 13.21% [1] Key Economic Indicators - The UK's core inflation rate rose by 0.4% month-on-month in October, exceeding the previous 0.1% and the forecast of 0.3% [3][6] - China's biopharmaceutical company, China Biologic Products Holdings (01177), acquired a 4.91% stake in Lixin Pharmaceutical and signed a strategic cooperation agreement [3][9] - NIO Inc. (09866.HK) reported a widened non-GAAP adjusted net loss of 4.403 billion RMB for the third quarter [3][10] Company Specifics - NIO's total revenue for the third quarter was 18.674 billion RMB, a year-on-year decrease of 2.1%, with vehicle sales revenue down 4.1% [10] - NIO delivered 61,855 vehicles in the third quarter, an increase of 11.6% year-on-year, and expects fourth-quarter deliveries to be between 72,000 and 75,000 vehicles [11] - China Biologic's investment in Lixin Pharmaceutical aims to accelerate the development of innovative antibody drugs in mainland China [9] IPO Information - Upcoming IPO for SF Express is scheduled for November 27, 2024, with a price range of 32.3-36.3 HKD [25] - Recent IPOs include Guofu Hydrogen Energy, which debuted on November 15, 2024, with a first-day performance of 20% [25]

Market Performance - The Hang Seng Index closed at 20,317, down 0.31% for the day and up 19.18% year-to-date [1] - The Hang Seng Tech Index closed at 4,499, down 0.32% for the day and up 19.52% year-to-date [1] - The CSI 300 Index closed at 3,891, up 0.04% for the day and up 13.40% year-to-date [1] - The Shanghai Composite Index closed at 3,279, up 0.42% for the day and up 10.25% year-to-date [1] - The Shenzhen Component Index closed at 10,591, up 0.57% for the day and up 11.20% year-to-date [1] Economic Indicators - Initial jobless claims in the U.S. fell to 216,000, the lowest since mid-May, below the expected 230,000 [5] - U.S. personal spending increased by 0.5% in September, exceeding expectations, while income rose by 0.3%, meeting expectations [5] - The Eurozone's harmonized HICP rose by 2% year-on-year in October, slightly above expectations [7] - China's official PMI for October rose to 50.1, surpassing the market expectation of 49.9 [8] - The official non-manufacturing PMI in China for October increased to 50.2, slightly below the market expectation of 50.3 [10] Sector Performance - The Hong Kong stock market saw mixed performances, with technology stocks under pressure while property stocks showed strength [3] - The A-share market remained stable, with financial concepts and real estate stocks rising, while precious metals and non-metal materials declined [3] - In the U.S. market, major indices closed lower, with the Nasdaq index dropping nearly 3% due to declines in Microsoft and Meta [3] Company Highlights - Xiaomi saw a nearly 3% increase in stock price, while Alibaba, Tencent, and Meituan all fell over 1% [3] - In the U.S., Apple reported adjusted earnings of $1.64 per share, with revenue rising 6% to $94.9 billion, both exceeding market expectations [3] - Amazon's quarterly earnings benefited from growth in cloud computing and advertising, with profits rising 55% year-on-year to nearly $15.33 billion [3] Financial Data - The Hong Kong government reported a fiscal deficit of HKD 226 billion for the first six months of the fiscal year [16] - The GDP growth forecast for Hong Kong's third quarter was revised down to 1.8%, below the expected 3.1% [12] - The total amount of new mortgage loans in Hong Kong decreased by 3.6% month-on-month to HKD 15.4 billion in September [17]