Market Performance - The Hang Seng Index (HSI) rose by 469 points or 1.8%, closing at 26,908 points, reaching a four-year high of 26,936 points during the day[1] - The Hang Seng Tech Index increased by 256 points or 4.2%, closing at 6,334 points[1] - The total market turnover for the day was HKD 360.284 billion[1] Economic Indicators - The People's Bank of China conducted a reverse repurchase operation of CNY 418.5 billion at a steady rate of 1.4%, resulting in a net injection of CNY 114.5 billion for the day[1] - The RMB/USD midpoint was adjusted up by 14 points to 7.1013[1] U.S. Federal Reserve Actions - The Federal Reserve announced its first rate cut since December, lowering the benchmark overnight rate by 25 basis points to a range of 4% to 4.25%[2] - The Dow Jones Industrial Average rose by 260 points or 0.6% to close at 46,018 points following the rate cut[2] - The S&P 500 index fell by 6 points or 0.1%, while the Nasdaq dropped by 72 points or 0.3%[2] Trade Statistics - In July, Hong Kong's overall export volume increased by 12.6% and import volume rose by 14.3% compared to July of the previous year[3] - The overall export prices and import prices in July increased by 1.7% and 2% respectively compared to the same month last year[3]