中泰国际每日晨讯-20250818

Market Performance - The Hang Seng Index rose 1.7% last week, closing at 25,270 points[1] - The Hang Seng Tech Index increased by 1.5%, ending at 5,543 points[1] - Average daily trading volume in Hong Kong stocks increased by 8.2% to HKD 242.8 billion[1] Capital Flows - Net inflow through the Hong Kong Stock Connect reached HKD 38.12 billion last week, with a record single-day inflow of HKD 35.88 billion on Friday[1] - Cumulative net inflow into Hong Kong stocks over the past 20 days amounted to HKD 159 billion, indicating strong market sentiment[1] Economic Indicators - In July, the US CPI showed a moderate inflation slowdown, with a probability of a 25 basis point rate cut by the Federal Reserve exceeding 90%[2] - China's economic indicators showed a marginal slowdown, with July's consumption, investment, production, and credit data all falling short of expectations[2] Real Estate Sector - Real estate development investment in China fell by 17.1% year-on-year in July, a larger decline than June's 12.4%[3] - New housing starts and completions dropped by 15.2% and 29.5% year-on-year, respectively, both exceeding June's declines[3] Industry Highlights - The automotive sector saw significant stock price increases, with Great Wall Motors rising 12.9% and Geely Auto up 4.5% last week[4] - The healthcare index surged by 7.1%, driven by strong performance from companies like Fosun Pharma, which saw an 8.7% increase in stock price[5] Renewable Energy - The photovoltaic sector experienced notable gains, with stocks like Xinyi Solar and GCL-Poly Energy rising by 7.0% and 9.7%, respectively[6] - Honghua Wisdom Energy reported a 2.0% increase in net profit, contributing to positive investor sentiment[6]