海外经济：稳步扩张 美国经济保持稳步扩张态势，美联储年内降息预期收敛至2次（约50bp），降息终点预期抬升至3.5%。 亚特兰大联储GDPNOW模型预测二季度美国实际GDP年化增速陡峭上行至4.6%，主要来自"抢进口"的逆转， 消费与投资动能亦在走强。其中个人消费（PCE）增速达到4.0%，商品（6.0%）与服务（3.2%）同步扩张； 私人投资（不含库存）增速达到4.4%，主要来自设备（8.8%）及知识产权（5.5%）分项的贡献。与此同时， 地产（1.8%）在高利率环境下意外转正，反映了美国地产补库存周期的内生动能。 就业市场依然稳健，失业水平保持低位。周频首次申领失业金人数上行至24.0万，符合季节性水平。基于当前 数据推测，5月失业率水平或位于4.1-4.3%区间，与前值基本持平。 市场对通胀的担忧亦在缓和。Truflation日频通胀指数降至1.84%，较前期高点回落26bp。 财政延续了"言语收缩，行为扩张"的基调。尽管一直在进行各种缩减赤字的表态及尝试，但实际上财政赤字仍 在扩张。周频财政赤字额达到$1,275亿，继续超出季节性水平。2025财年美国赤字水平将继续处于高位。 基于"双目标"及经济、财 ...

Core Viewpoint - The Hang Seng Index closed up 1.53%, indicating a positive market sentiment with active performance in financial stocks [1] Financial Sector - Major banks such as Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and China Merchants Bank saw nearly a 3% increase in their stock prices [1] - The overall performance of the banking sector contributed significantly to the rise in the Hang Seng Index [1] Other Sectors - The jewelry and watch, automotive, and pharmaceutical sectors also showed strong performance, with notable gains [1] - BYD Company rebounded with a 4% increase after several days of decline [1] - China Everbright Holdings surged by 15%, reflecting strong investor interest [1] - The medical sector was particularly robust, with MicroPort Scientific Corporation rising nearly 20% [1] Market Trends - The Hang Seng Technology Index also experienced a rise of 1.08%, indicating a positive trend in technology stocks [1] - Stablecoin-related stocks faced a significant pullback, with Lianlian Digital dropping over 39% [1]

A股三大指数今日集体反弹，截至收盘，沪指涨0.43%，深成指涨0.16%，创业板指涨0.48%，北证50指数涨1.03%。全市场成交额11638 亿元，较上日放量4亿元。全市场近3400只个股上涨。 板块题材上，贵金属、足球概念、游戏、银行、创新药板块领涨；钢铁、汽车整车板块跌幅居前。 盘面上，黄金概念领涨，西部黄金、曼卡龙涨停。创新药板块持续活跃，舒泰神、万邦德、千红制药、海南海药、联化科技涨停。新 消费概念盘中再度活跃，若羽臣涨停，万辰集团涨超10%，双双创历史新高，乐惠国际、有友食品、顺灏股份涨停。银行股涨幅居 前，沪农商行涨停，渝农商行涨超5%。稳定币概念走强，恒宝股份、御银股份、翠微股份涨停。汽车股走低，江淮汽车、上汽集团跌 超5%。此外，均瑶健康、合兴股份盘中上演地天板。 暗盘资金一眼洞悉庄家意图>> 热点概览： 涨停天梯榜： 【3连板】 海联金汇、翠微股份。 【2连板】 海南海药、万邦德、申科股份、哈三联、中天火箭、百利电气、中衡设计、永悦科技、共创草坪。 黄金概念： 相关个股：西部黄金、曼卡龙、潮宏基 【4连板】 御银股份、联化科技。 最强风口榜： NO.1 【电子商务】 板块内19家涨停，6 ...

Core Viewpoint - A-shares experienced a collective rebound with the Shanghai Composite Index rising by 0.48%, indicating a positive market sentiment despite a slight decrease in trading volume compared to the previous day [1] Market Performance - The three major A-share indices all showed gains: Shanghai Composite Index up 0.48%, Shenzhen Component Index up 0.35%, and ChiNext Index up 0.73% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 750.36 billion yuan, a decrease of 4.3 billion yuan from the previous trading day [1] Sector Performance - Strong performance was noted in sectors such as stablecoin concept stocks, gold stocks, cultivated diamonds, gaming, and banking [1] - Conversely, sectors that experienced declines included steel, complete automobiles, liquor, and electricity [1] Individual Stock Movements - Notable individual stock movements included West Gold hitting the daily limit, Chao Hong Ji rising over 8%, and Zhangqu Technology surging by 13% [1] - On the downside, Benxi Steel fell over 7%, Jianghuai Automobile dropped over 6%, and Shui Jing Fang decreased by over 3% [1] - Overall, more than 3,400 stocks in the market saw an increase [1]

6月3日周二，A股小幅低开，三大股指早盘震荡拉升，稳定币概念再度活跃，黄金珠宝板块活跃。港股 高开，恒指、恒科指双双上涨超1%，生物医药板块强势拉升。债市方面，国债期货普遍下跌。核心市 场走势： | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | S | 3347.84 | 0.35 | 0.01% | | 399001 | 深证成指 | VAY | 10056.12 | 15.50 | 0.15% | | 399006 | 创业板指 | 14 | 2002.31 | 9.12 | 0.46% | | 000300 | 沪深300 | V3 | 3841.13 | 0.90 | 0.02% | | 000016 | FiF50 | M | 2677.63 | -1.06 | -0.04% | | 000680 | 科创综指 | WAN | 1172.00 | 8.65 | 0.74% | | 000688 | 科创 20 | UNM | 983.19 | 6.17 | 0.63% | ...

稳定币概念股大涨 御银股份等多股涨停 智通财经6月3日电，稳定币概念股开盘大涨，御银股份、恒宝股份、翠微股份、海联金汇等涨停，雄帝 科技、四方精创、中科金财、天阳科技、拉卡拉等个股跟涨。消息面上，香港特别行政区政府于5月30 日在宪报刊登《稳定币条例》，这意味着《稳定币条例》正式成为法例。 ...

Market Overview - The Hong Kong stock market started June on a negative note, with the Hang Seng Index dropping to 23,157.97 points, down 0.57% or 131.8 points, with a total turnover of HKD 145.245 billion [1] - The Hang Seng Tech Index fell over 3% at one point but later narrowed its losses, closing down 0.7% at 5,134.11 points [1] - The market has shown signs of recovery after the "reciprocal tariffs" impact, with a significant decline in risk premiums being a key driver [1] Blue Chip Performance - Sands China (01928) led blue-chip gains, rising 4.28% to HKD 16.08, contributing 2.69 points to the Hang Seng Index [2] - Macau's gaming revenue for May reached MOP 21.193 billion, a 5% year-on-year increase, with total revenue for the first five months at MOP 97.707 billion, up 1.7% [2][5] - Other notable blue-chip movements included Chow Tai Fook (01929) up 3.22% and Galaxy Entertainment (00027) up 1.8%, while CSPC Pharmaceutical (01093) fell 4.81% [2] Sector Highlights Stablecoin Sector - The stablecoin sector surged following the enactment of the Stablecoin Ordinance in Hong Kong, with LianLian Digital (02598) rising 64.27% and Yike (09923) up 39.87% [3][4] - The ordinance aims to enhance the regulatory framework for digital asset activities in Hong Kong, with compliant stablecoins expected to launch by the end of the year [4] Gaming Sector - The gaming sector saw most stocks rise, with Sands China and Wynn Macau (01128) also posting gains [5] - Citigroup forecasts a 5% year-on-year increase in gaming revenue for June, estimating daily revenue at approximately MOP 6.17 billion [5] Gold Sector - Gold stocks performed well, with Tongguan Gold (00340) up 18.23% and other gold-related stocks also seeing gains due to rising gold prices amid geopolitical tensions [6] - Spot gold prices reached USD 3,350 per ounce, reflecting a nearly 2% increase [6] Real Estate Sector - The real estate sector faced challenges, with major developers like Agile Group (03383) and R&F Properties (02777) experiencing significant declines [7] - The top 100 real estate companies in China reported a 10.8% year-on-year drop in sales for the first five months of 2025 [7] Automotive Sector - The automotive sector is under pressure due to a new wave of price wars, with companies like GAC Group (02238) and Li Auto (02015) seeing declines [8] - The Ministry of Industry and Information Technology has expressed opposition to "cutthroat" competition in the automotive industry [8] Notable Stock Movements - Mixue Group (02097) reached a new high, closing up 7.54% at HKD 584.5, with an upgraded target price reflecting strong sales growth [9] - Alibaba Pictures (01060) rose 7.41% after announcing a name change to Damai Entertainment, indicating a strategic shift towards live events [10] - Leap Motor (09863) reported a 148% year-on-year increase in May deliveries, prompting an upgrade in sales forecasts [11] - CSPC Pharmaceutical (02005) fell 5.46% after reporting a significant drop in revenue and profit for Q1 2025 [12]

Group 1 - The concept of stablecoin stocks is showing divergence, with significant fluctuations in Hong Kong stocks, while A-shares are experiencing a different trend [1][3] - In Hong Kong, stablecoin concept stocks are primarily direct participants in the stablecoin market, while A-shares are more indirectly benefiting from the concept [1][3] - The Hong Kong Monetary Authority has announced the first batch of stablecoin issuers, including JD Coin Chain Technology and Round Coin Innovation Technology [2] Group 2 - A-share companies like Sifang Jingchuang and Lakala are included in the stablecoin concept stock list, but there is no direct evidence of their involvement in stablecoin issuance [3][5] - The recent surge in stablecoin interest is driven by legislative actions in the U.S. and Hong Kong, indicating a growing regulatory framework [6][7] - Experts highlight the long-term significance of stablecoins, emphasizing their potential to enhance payment efficiency and reduce cross-border transaction costs [7][8]

Market Overview - A-shares experienced fluctuations with the Shanghai Composite Index down 0.25%, Shenzhen Component down 0.52%, and ChiNext down 0.63% as of 9:36 AM on May 30 [1] - The U.S. court initially halted most of Trump's tariffs, but an appeals court reinstated them shortly after, indicating ongoing trade policy uncertainty [1] Sector Performance - High dividend stocks, including banking, insurance, and electricity sectors, showed resilience [1] - Pharmaceutical stocks, particularly traditional and innovative medicines, saw gains, with Huawen Pharmaceutical achieving a four-day consecutive rise [1] - The aquaculture sector surged, with Juxing Agriculture hitting the daily limit [1] - The stablecoin concept gained traction, leading to significant increases in digital currency and mobile payment stocks, with HaiLian JinHui and CuiWei Co. reaching their daily limits [1] - The autonomous driving sector remained active, with YunNei DongLi achieving five consecutive daily limits [1] Investment Insights - According to Everbright Securities, June may lack clear mainline opportunities, leading to stock rotation and potential pressure on large-cap blue-chip stocks due to insufficient incremental capital [2][7] - The month of June is significant for technology giants to release new products, which may provide event-driven opportunities for flexible stocks [2][7] Hot Sectors 1. **Stablecoin Concept** - The stablecoin concept continues to develop, with significant gains in digital currency and mobile payment stocks, following the passage of the Stablecoin Bill in Hong Kong [3] - Stocks like HaiLian JinHui and CuiWei Co. reached their daily limits, indicating strong market interest [3] 2. **Autonomous Driving** - The autonomous driving sector remains vibrant, with YunNei DongLi achieving five consecutive daily limits [5] - The upcoming Robotaxi debut by Elon Musk is anticipated to boost market interest in this sector [5] Institutional Perspectives - Everbright Securities suggests that June may lack a clear mainline, with a focus on new product launches from technology giants [7] - Huashan Securities expects the market to maintain a volatile trend, advising investors to consider stable investments in banking and insurance, as well as growth technology sectors [9] - Dongfang Securities indicates that the market will revolve around mid-year performance reports, with a focus on technology growth, high-end manufacturing, and new consumption stocks [10]

Group 1: Market Performance - Major indices experienced a strong rebound, with the Shanghai Composite Index rising by 0.7%, Shenzhen Component Index by 1.24%, and ChiNext Index by 1.37% [2] - Over 4,200 stocks in the two markets saw gains, with a total trading volume of approximately 1.19 trillion yuan [2] Group 2: Digital Currency and Software Sector - The digital currency and software sectors led the market rally, with notable stocks like Lakala (300773.SZ) and Sifang Jingchuang (300468.SZ) hitting the daily limit with a 20% surge [2] - New Guodu (300130.SZ) rose over 14%, while Feitian Chengxin (300386.SZ) and Shenzhou Information (000555.SZ) also saw significant increases of 12.84% and 10%, respectively [2] Group 3: Autonomous Driving and Intelligent Connected Vehicles - Stocks related to autonomous driving and intelligent connected vehicles surged, with companies like Fulongma (603686.SH) and Jintour Environment (001230.SZ) hitting the daily limit [3] - A strategic cooperation agreement was signed between Xiaoma Zhixing and Guangzhou Public Transport Group, focusing on autonomous vehicle services [3] Group 4: Innovative Pharmaceuticals - The innovative pharmaceutical sector remains active, with companies like Sanofi Guojian (688336.SH) rising over 12% [4][3] - The sector is supported by policy backing, global competitiveness, and improving fundamentals, with a focus on "innovation + internationalization" [4] Group 5: Automotive Sector - The automotive sector showed strong performance, with Jinlong Automobile (600686.SH) and Dongfeng Co. (600006.SH) both increasing by 10% [5] - The launch of new models by XPeng and supportive government policies in Fujian province are contributing factors to the sector's growth [5] Group 6: Weak Sectors - The precious metals and food processing sectors experienced declines, with companies like Western Gold (601069.SH) and Laiyifen (603777.SH) seeing significant drops [5]