Xin Lang Cai Jing·2025-06-13 09:01Market Performance - The Hang Seng Index increased by 0.42% to close at 23892.56 points, while the Tech Index decreased by 0.89% to 5239.71 points, and the National Enterprises Index rose by 0.30% to 8655.33 points [2][4]. Key Stock Movements - China Rare Earth (00769.HK) surged by 69.41% due to the easing of export restrictions, with the Ministry of Commerce indicating approval for compliant export applications [4]. - Yunfeng Financial (00376.HK) rose by 28.98% following positive news from Ant Group regarding plans to apply for stablecoin licenses in Hong Kong and Singapore [4]. - Budweiser APAC (01876.HK) fell by 9.15% due to a 11% year-on-year decline in sales in the first quarter in China [4]. - Xpeng Motors (09868.HK) dropped by 7.06% amid negative market sentiment and increased financial pressure from shortened payment terms to suppliers [4]. Institutional Insights - Institutions like CITIC Securities and CICC noted improvements in China's macroeconomic data and policy support as fundamental backing for the Hong Kong stock market [5]. - Southbound capital inflows have exceeded HKD 600 billion this year, with an estimated additional space for HKD 339.4 billion in investments [5]. Geopolitical Impact - A recent attack by Israel on Iran has heightened market risk aversion, leading to declines in major indices: the Hang Seng Index fell by 0.59%, the Tech Index by 1.72%, and the National Enterprises Index by 0.85% [6][7]. Sector Performance - Gold and oil stocks performed well, with companies like Chifeng Jilong Gold Mining (06693.HK) and Shandong Molong Petroleum Machinery (00568.HK) seeing significant gains of 10.55% and 75.65%, respectively, driven by rising gold prices and international oil price increases [8][10]. - Technology and pharmaceutical sectors faced sell-offs, with Alibaba (09988.HK) and Meituan (03690.HK) declining by 2.27% and 1.99% respectively, influenced by new regulatory announcements [16][19]. Company-Specific Developments - Delin International (01126.HK) rose by 17.08% due to positive sentiment surrounding its association with the popular toy brand labubu [21]. - Chow Tai Fook (01929.HK) increased by 5.37% after Bank of America raised its target price, despite a projected 9% decline in net profit for FY2025 [23][24].