Market Overview - The Hong Kong stock market experienced a slight decline, with the Hang Seng Index down 0.61% to 26,976.52 points, the Hang Seng Tech Index down 1.20% to 6,543.62 points, and the Hang Seng China Enterprises Index down 0.85% to 9,576.22 points, with a half-day trading volume of HKD 72.34 billion [1] Sector Performance - The metals sector led the gains, particularly cobalt, mining, and precious metals stocks, while sectors such as electrical equipment, consumer retail, and semiconductors experienced fluctuations [2] Gold Market - Spot gold and international gold prices reached new highs, with gold stocks benefiting significantly; as of midday, Chinese silver surged 18%, and Zijin Mining International rose over 5% [3] Technology Stocks - Tech stocks generally fell, with Alibaba Health down over 3%, and other major players like Li Auto, Bilibili, Alibaba, JD.com, and Baidu down over 2% [4] Semiconductor Sector - Hong Kong's Hua Hong Semiconductor saw a rise of over 5% due to increasing storage chip prices, reaching a new high of HKD 92.5, marking eight consecutive days of gains. The company announced a restructuring with Huahong Micro to resolve IPO competition issues. Goldman Sachs raised the target prices for SMIC and Hua Hong, citing opportunities in China's expanding AI ecosystem [4] Other Notable Stocks - Beijing University Qianyu (08095) surged over 50% following news of a significant breakthrough in AR glasses display technology in collaboration with Applied Materials and Thunderbird Innovation [4] International Market Trends - International gold prices continued to set records, surpassing USD 3,920 per ounce, leading to domestic gold jewelry prices rising, with Lao Miao Gold reaching CNY 1,148 per gram and Chow Sang Sang's gold jewelry at CNY 1,141 per gram [5] Japanese Market Reaction - The Japanese stock market saw a significant rise, with the Nikkei Index up 4.5% to 47,835.36 points, an increase of 2,065.86 points from the previous trading day [5] Currency Movements - The Japanese yen fell below the 150 mark against the US dollar, while the euro to yen exchange rate hit a historical low [6] Political Developments in Japan - Former Economic Security Minister Sanae Takaichi won the Liberal Democratic Party presidential election, with expectations of becoming Japan's first female Prime Minister. Her policies are anticipated to maintain monetary easing and expansionary fiscal policies, continuing the legacy of "Abenomics" [7][8]