永安期货日报-20250728

Market Overview - A-shares adjusted with the Shanghai Composite Index down 0.33% to 3593.66 points, Shenzhen Component down 0.22%, and ChiNext Index down 0.23%[1] - Hong Kong's Hang Seng Index fell 1.09% to 25388.35 points, with the Hang Seng Tech Index down 1.13% and the Hang Seng China Enterprises Index down 1.16%[1] - The semiconductor sector showed strong gains, with total market turnover reaching 281.7696 billion HKD[1] Trade Agreements - The US and EU reached a trade agreement, setting a 15% tariff on most EU goods exported to the US, including automobiles[1] - US-China officials are set to hold a third round of trade talks in Stockholm, aiming to extend the tariff "truce" and broaden discussion topics[1][9] Economic Indicators - The US stock market saw slight gains, with the Dow Jones up 0.47%, S&P 500 up 0.4% to 6388.64 points, and Nasdaq up 0.24% to 21108.32 points[1] - China's budget deficit for the first half of the year reached a record high of 5.25 trillion RMB (approximately 733 billion USD), a 45% increase year-on-year[13] Corporate Developments - Beijing Construction (925) is moving forward with privatization plans, with a significant shareholder already holding 24.60% of the company[11] - Jiangsu Zhonghui Biotech has submitted a new application for a Hong Kong IPO after previously withdrawing its A-share listing application[11] Market Sentiment - The overall market sentiment remains cautious amid ongoing trade negotiations and economic uncertainties, impacting investor confidence and stock performance[1][13]