Market Overview - The Hong Kong stock market opened slightly lower, with the Hang Seng Index down by 0.21% and the Hang Seng Tech Index down by 0.11%. Both indices continued to decline, with the Hang Seng Index down by 1.5% and the Hang Seng Tech Index down by nearly 2% at the time of reporting [1] - Gold stocks showed strong performance, with notable increases: Tongguan Gold up by 3.98%, Zijin Mining International up by 2.45%, Chifeng Jilong Gold up by 2.41%, and Shandong Gold up by 2.07% [1] Gold Market Dynamics - Spot gold prices surged to $4000 per ounce, marking a historic high. This increase is attributed to a declining US dollar, a government shutdown in the US, and market speculation that the Federal Reserve may continue to lower interest rates despite high inflation [2] - Billionaire Ray Dalio stated that gold is a safer haven than the US dollar, drawing parallels to the 1970s when gold prices soared amid high inflation and economic instability [2][3] Company Performance - AI concept stocks in the Hong Kong market weakened, with significant declines in companies such as Huya Technology down nearly 8%, and Baidu Group down 4.8% [3] - Longwind Pharmaceutical, a new stock, opened significantly higher by over 218% on its first trading day, reaching nearly 200% increase at a price of 43.6 HKD, with a trading volume of 419 million HKD [3] - Longwind Pharmaceutical focuses on the research, development, and commercialization of inhalation technology and drugs for respiratory diseases, with its first approved product, CF017, capturing approximately 16% of the Chinese market for budesonide inhalation drugs by 2024 [4] Financial Performance - Longwind Pharmaceutical's revenue for the years 2022, 2023, and 2024 is projected to be 349 million RMB, 556 million RMB, and 608 million RMB respectively, with gross profits of 267 million RMB, 458 million RMB, and 491 million RMB for the same years [4] Future Market Outlook - Despite the current adjustments in the Hong Kong stock market, institutions remain optimistic about future trends. Analysts suggest that foreign capital inflows are accelerating, and both undervalued assets and technology sectors are becoming focal points for investment [5] - The ongoing bull market in A-shares and Hong Kong stocks is expected to continue, with strong market performance anticipated post the National Day holiday [5]
史上首次！现货黄金突破4000美元！港股下挫！