2025-08-06 01:21Key Points - The Hang Seng Index closed at 24,902, up 0.68% for the day and up 24.14% year-to-date [1] - The Hang Seng Technology Index closed at 5,521, up 0.73% for the day and up 23.57% year-to-date [1] - The A-share market saw the Shanghai Composite Index close at 3,617, up 0.96%, marking a new high for the year [6] - The S&P 500 Index closed at 6,299, down 0.49%, while the Nasdaq Index closed at 20,916, down 0.65% [7] - The Eurozone's July PMI for services rose to 52.6, indicating expansion in the services sector [11] Market Performance - The Hong Kong stock market showed a strong afternoon performance, with the Hang Seng Index rising over 190 points at one point [6] - Major stocks like BYD Electronics saw a significant increase of nearly 8%, while major banks also rose by 1% to 2% [6] - In the U.S., major indices opened high but closed lower due to concerns over economic data and trade tariffs [7] Currency and Commodity Trends - The Renminbi Index was at 96.940, up 1.67% month-on-month but down 3.73% over six months [2] - Brent crude oil was priced at $68.36 per barrel, up 1.77% month-on-month but down 4.58% over six months [2] - Gold prices increased by 0.87% month-on-month, reaching $3,365.59 per ounce, and rose 17.38% over six months [2] Company-Specific Developments - JD.com is preparing for a stablecoin license application amid market rumors [10][12] - Alibaba's Tmall International reported a 45% year-on-year increase in the number of overseas brands opening stores on its platform [14] - In July, China's wholesale sales of new energy passenger vehicles reached 1.18 million units, a 25% year-on-year increase [15] Economic Indicators - China's July services PMI improved to 52.6, indicating a slight expansion in service activities [11] - The U.S. trade deficit narrowed by 16% in June to $60.2 billion, the lowest in nearly two years [7] - The upcoming economic data releases include China's July CPI and PPI, as well as U.S. retail sales for July [28]