Report Summary Market Performance - Hong Kong stocks rose. The Hang Seng Index opened 38 points lower, dropped 96 points to 24,806 points in the morning, rebounded 100 points to 25,002 points before noon, and finally closed 8 points higher at 24,910 points. The H - share Index fell 18 points or 0.2% to 8,932 points, and the Hang Seng Tech Index rose 11 points or 0.2% to 5,532 points. The total turnover of the market was HK$215.235 billion [1]. - A - shares had a positive trend. The Shanghai Composite Index rose 16 points or 0.5% to 3,633 points with a turnover of RMB 707.2 billion. The Shenzhen Component Index rose 70 points or 0.6% to 11,177 points with a turnover of RMB 1.03 trillion. The ChiNext Index rose 15 points or 0.7% to 2,358 points with a turnover of RMB 521.8 billion [1]. - In the US stock market, the Nasdaq outperformed. It rose 252 points or 1.2% to 21,169 points. The S&P 500 Index rose 45 points or 0.7% to 6,345 points, and the Dow Jones Industrial Average rose 81 points or 0.2% to 44,193 points [2]. Macroeconomic News - The People's Bank of China conducted RMB 138.5 billion of seven - day reverse repurchase operations on the 6th, with an unchanged operating rate of 1.4%. There were RMB 309 billion of reverse repurchases maturing, resulting in a net withdrawal of RMB 170.5 billion. The central parity rate of the RMB against the US dollar was lowered by 43 pips to 7.1409 [1]. Company Earnings - Manulife Financial (00945.HK) reported its interim results for the six - month period ended June 30. Net income was CAD 2.274 billion, up 19.1% year - on - year and 16% at constant exchange rates. Core earnings were CAD 3.493 billion, up 1.3% year - on - year and down 2% at constant exchange rates. Earnings per share were CAD 1.23. An interim dividend of 44 cents was declared, compared with 40 cents in the same period last year [3]. - BeiGene (06160.HK) announced its Q2 results ended June 30. According to US GAAP, total revenue was USD 1.315 billion, a 42% year - on - year increase. Among them, the global revenue of Brukinsa was USD 950 million, a 49% increase. Benefiting from revenue growth and improved operating leverage, it recorded a net profit of USD 94.32 million, turning around from a loss of USD 120 million in the same period last year. Basic earnings per share were USD 0.07 [3]. Policy News - US President Trump said he might announce further tariffs on China, similar to the 25% tariff imposed on India for buying Russian oil. The specific situation would depend on future developments. Trump also announced plans to implement more secondary sanctions to force Russia to end the war in Ukraine. Last week, US Treasury Secretary Bessent warned China that it might face new tariffs if it continued to buy Russian oil [2]. - Trump said on Wednesday that the US would impose a 100% tariff on imported semiconductors and chips, but companies that moved production back to the US would be exempted [2].