港股大反弹，“雪王”创新高

Market Overview - The Hong Kong stock market experienced a significant rebound in the afternoon, with the Hang Seng Index and Hang Seng Tech Index closing down by 0.57% and 0.70% respectively [1] - The Hang Seng Index opened lower, dropping over 2% at one point, while the Hang Seng Tech Index fell over 3% during the day [1] - By the end of the trading session, the declines in the indices narrowed [3] Sector Performance - Consumer services, durable goods, and medical equipment and services sectors showed strong performance, with increases of 5.44%, 3.65%, and 1.86% respectively [4] - Conversely, coal, household goods, and paper and packaging sectors faced declines, with drops of 2.38%, 1.83%, and 1.75% respectively [4] Notable Stocks - In the consumer services sector, "Snow King" Mixue Group's stock price reached a historical high, with a market capitalization exceeding 220 billion HKD [8] - Pop Mart's stock rose over 4%, nearing a market capitalization of 310 billion HKD [1][7] - Sands China Ltd. and Chow Tai Fook both saw increases of over 4% and 3% respectively [4] Year-to-Date Performance - Year-to-date, the Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng Tech Index have increased by 15.44%, 14.67%, and 14.91% respectively [6] - Despite the upward trend, Hong Kong stocks are still considered undervalued compared to international peers, with expectations for continued upward movement driven by domestic policy support [6] Future Outlook - The inclusion of Mixue Group in the Hang Seng Composite Index, effective June 9, is anticipated to enhance its visibility and investment appeal [10] - There is potential for increased capital inflow into Hong Kong stocks through the Stock Connect program, indicating a positive outlook for the market [6]