Jin Rong Jie·2025-07-02 09:09Group 1: Market Performance - The Hong Kong stock market showed mixed results, with the Hang Seng Index rising by 0.62%, the Hang Seng China Enterprises Index increasing by 0.54%, while the Hang Seng Tech Index fell by 0.64% [1] - The steel sector experienced significant gains, with Chongqing Steel rising by 91.11%, China Oriental Group by 11.45%, and China Iron and Steel by 20.97% [1] - The cement sector also saw strong performance, with China National Building Material up by 8.27% and Anhui Conch Cement up by 6.21% [1] Group 2: Industry News - Reports indicate that approximately half of the steel mills in Tangshan have received notifications for a production cut of 30% from July 4 to July 15, which could reduce daily production by 30,000 tons [1] - In the solar energy sector, leading photovoltaic glass companies plan to collectively reduce production by 30% starting in July, which is expected to lower domestic glass output to around 45 GW [2] - International copper prices surged, with a peak reaching $9,984, prompting Goldman Sachs to revise its 2025 copper price forecast upward to $9,890 per ton [2] Group 3: Sector Performance - Coal, heavy machinery, and transportation sectors showed active performance, while consumer sectors like home appliances and beer also performed strongly [3] - Conversely, sectors such as tobacco, film, cosmetics, and automotive dealerships faced declines, with stocks like Smoore International and China Tobacco Hong Kong dropping by 3.51% and 1.95% respectively [3] - Popular sectors like SaaS, chips, and short video concepts experienced weakness, with companies like Kingsoft Software and Yika falling by 9.66% and 5.62% respectively [3]