Market Overview - The Hang Seng Index fell by 0.66%, down 165 points, closing at 24,916 points, while the Hang Seng Tech Index dropped by 0.99% [1] - Early trading in Hong Kong saw a turnover of HKD 112.6 billion [1] Alternative Assets and Cryptocurrency - U.S. President Trump signed an executive order allowing alternative assets such as private equity, real estate, and cryptocurrencies to enter 401K retirement savings plans, potentially opening up approximately USD 12.5 trillion in retirement account funds for these sectors [1] - Cryptocurrency-related stocks and ETFs surged, with notable increases in prices: - Jia Shi Ether (03179) rose by 6.48% - Bosera Ether (03009) increased by 6.24% - Huaxia Ether (03046) gained 6.13% - Boya Interactive (00434) climbed by 6.46% [1] Company Performance Highlights - Fubo Group (03738) saw a significant increase of over 16%, with a cumulative rise of over 50% this week as the company expands its content industry RWA business [1] - Gilead Sciences-B (01672) rose by 7.65% following the completion of patient enrollment in the IIa phase of ASC30, with strong business development expectations [2] - Junshi Biosciences (01877) increased by 6.5% due to improved market conditions in the PD-(L)1/VEGF sector [3] - Raffles Interior (01376) surged by 80% upon resuming trading after a change in controlling interest, with a buyout offer at a discount of approximately 43.1% [4] - Laopu Gold (06181) rose by 2.96% after being included in the MSCI China Index, with changes effective at the end of this month [5] - Beihai Kangcheng-B (01228) increased by over 30%, with a cumulative rise of nearly 9 times since early June, driven by potential significant business development opportunities for Vilazodone [6] - Dongfeng Motor Group (00489) saw an early morning increase of over 8%, despite a more than 90% year-on-year decline in net profit for the first half, managing to turn a profit compared to the previous quarter [7] - Hutchison Whampoa (00013) experienced a drop of over 15% in early trading, with a 9.2% year-on-year decline in mid-term revenue, although selling joint venture equity led to a net profit increase of over 16 times [8]

Core Viewpoint - The stock of Laopu Gold (06181) has seen a significant increase, attributed to its inclusion in the MSCI China Index and a positive earnings forecast for the first half of the year [1] Group 1: Stock Performance - Laopu Gold's stock rose nearly 4%, with a current increase of 3.21%, trading at 820 HKD and a transaction volume of 569 million HKD [1] Group 2: MSCI Index Inclusion - MSCI announced changes to the MSCI China Index, adding 14 new stocks and removing 17, with Laopu Gold being included in the index effective after the market close on the 26th of this month [1] Group 3: Earnings Forecast - Laopu Gold expects to achieve revenue between 12 billion to 12.5 billion RMB for the first half of the year, representing a year-on-year growth of 241% to 255% [1] - The company anticipates a net profit of 2.23 billion to 2.28 billion RMB, reflecting a year-on-year increase of 279% to 288% [1] Group 4: Market Outlook - Dongwu Securities noted that the company is in a phase of continuous brand expansion, with expectations for new store openings to contribute positively in the second half of the year [1] - The company's overseas store expansion is expected to enhance its long-term brand strength [1]