资讯日报-20250619

Market Overview - The Hang Seng Index closed at 23,711, down 1.12% for the day and up 18.20% year-to-date[3] - The Hang Seng China Enterprises Index fell 1.16% to 8,594, with a year-to-date increase of 17.89%[3] - The Hang Seng Tech Index decreased by 1.46% to 5,214, with a year-to-date rise of 16.70%[3] U.S. Market Performance - The Dow Jones Industrial Average closed at 42,172, down 0.10% and down 0.88% year-to-date[3] - The S&P 500 Index finished at 5,981, down 0.03% but up 1.69% year-to-date[3] - The Nasdaq Composite Index rose by 0.13% to 19,546, with a year-to-date increase of 1.22%[3] Sector Performance - Major tech stocks in Hong Kong mostly declined, with Meituan down 3.5% and Alibaba and Baidu down over 2%[8] - Chinese real estate stocks showed weakness, with Xincheng Development down nearly 6% and Ronshine China down close to 7%[8] - In contrast, small-cap oil and gas stocks surged, with Jixing New Energy up 343%[8] Economic Indicators - The Federal Reserve maintained interest rates but indicated two potential rate cuts later this year, focusing on inflation risks[8] - Japan's exports fell by 1.7% year-on-year in May, better than the expected 3.8% decline, but below April's 2% increase[12] Investment Insights - Goldman Sachs predicts a 75% reduction in new housing demand in Chinese cities over the next few years due to declining population and price expectations[8] - The U.S. Treasury reported that China held $757 billion in U.S. Treasury securities in April, down from $765 billion in March[13]