Market Performance - The Hang Seng Index (HSI) rose by 551 points or 2.2%, closing at 25,959 points[1] - The Shanghai Composite Index increased by 26 points or 0.7%, closing at 4,123 points[2] - The total market turnover for the day was HKD 330.93 billion[1] Currency and Economic Indicators - The RMB/USD central parity rate was reported at 6.8982, up by 176 pips, marking the highest level since April 25, 2023[2] - The People's Bank of China conducted a reverse repurchase operation of CNY 39.5 billion at a rate of 1.4%[2] Oil Market Developments - The UAE's largest refinery in Ruwais has suspended operations due to a drone attack, with a processing capacity of 922,000 barrels per day[3] - The International Energy Agency (IEA) proposed the release of over 182 million barrels of oil to mitigate rising prices due to the Iran conflict[4] Corporate Earnings - Jardine Matheson Holdings reported a 3% decline in revenue to USD 33.817 billion, with operating profit down 5.3% to USD 3.716 billion[5] - NIO Inc. reported a revenue of CNY 87.488 billion, a year-on-year increase of 33.1%, with losses narrowing to CNY 15.571 billion[6] - China Resources Beer expects a profit decline of 29.6%-38.6% for the fiscal year 2025, primarily due to weak demand in the liquor market[5]