恒指收涨174点，结束三日连跌

Market Overview - The Hang Seng Index closed up 174 points or 1% at 18,112, recovering from a three-day decline of 538 points[3] - The trading volume for the day was HKD 1,073.22 million[3] - The Nasdaq Composite Index rose by 0.34% to 17,667.56, while the Dow Jones Industrial Average fell by 0.17% to 38,647.10[2] Sector Performance - The Hang Seng Technology Index increased by 1.3% to 3,739.14, returning above the 50-day moving average[3] - Major blue-chip stocks showed mixed results, with Tencent rising 2.4% and HSBC declining 0.4%[3] Construction Sector Insights - The nominal value of completed construction projects in Hong Kong for Q1 2024 was HKD 687 billion, reflecting an annual increase of 8.7%[9] - Private land construction projects saw a nominal value increase of 20.8% year-on-year, totaling HKD 218 billion[9] Corporate Earnings Forecasts - China Hongqiao expects a net profit increase of approximately 2.2 times for the first half of the year, with last year's net profit at HKD 29.72 billion[15] - Panhao Group anticipates a loss of HKD 55 billion to HKD 61 billion for the fiscal year, a significant shift from a profit of HKD 8.01 billion in the previous year[14] Retail Sector Challenges - Chow Tai Fook reported a 20.2% decline in retail value from April 1 to May 31, with a 29% drop in the Hong Kong and Macau markets[16] - The company remains optimistic about recovery in the second half of the year, driven by traditional wedding jewelry demand[16]