2025-07-25 05:01Market Performance - The Hang Seng Index closed at 25,667, up 0.51% for the day and up 27.95% year-to-date [1] - The Hang Seng Technology Index closed at 5,743, down 0.05% for the day and up 28.53% year-to-date [1] - The Shanghai Composite Index closed at 3,605, up 0.65% for the day and up 7.58% year-to-date [1] Currency and Commodity Overview - The Renminbi Index is at 96.140, up 0.68% over the last month but down 5.14% over the last six months [2] - Brent crude oil is priced at $69.130 per barrel, up 4.43% over the last month but down 7.34% over the last six months [2] - Gold is priced at $3,366.24 per ounce, up 1.31% over the last month and up 21.53% over the last six months [2] Key News Highlights - The Hong Kong stock market has seen a continuous rise for five trading days, with the Hang Seng Index reaching a new high not seen in over three and a half years [4] - The A-share market has also shown strength, with the Shanghai Composite Index surpassing 3,600 points, marking a significant increase [4] - In the U.S. market, the three major indices showed mixed results, with the Nasdaq and S&P 500 reaching new closing highs [5] Company-Specific Developments - Bubble Mart's chairman Wang Ning denied allegations of "hunger marketing," stating that production capacity is increasing monthly [9] - Three Life Pharmaceuticals has entered into a licensing agreement with Pfizer, raising approximately 785 million HKD through a share issuance at a 17% discount [11] - Tesla's stock fell nearly 23% following a report of declining sales in Europe, where new car sales dropped by 5.1% in June [13][14] Economic Indicators - The U.S. Markit Composite PMI for July is at 54.6, indicating expansion, although the manufacturing sector has slipped into contraction with a PMI of 49.5 [15] - The UK's Composite PMI fell to 51 in July, below expectations, reflecting economic pressures [12] - China's industrial profits for June showed a year-on-year decline of 9.1% [25]