Group 1 - The Hang Seng Index (HSI) is currently experiencing mixed investor sentiment, with some expecting it to challenge 26,800 points while others predict a drop to 26,100 points [1][2] - The resistance level for the HSI is estimated at around 26,900 points, while the support level is approximately 25,800 points [2] - Technical signals indicate a predominance of "strong sell" signals, with 12 sell signals and only 2 buy signals [3][6] Group 2 - Meituan's stock price has surpassed 100 HKD, closing at 102 HKD, and is currently above the middle line of the Bollinger Bands [10] - The technical signals for Meituan lean towards "sell," with 9 sell signals and 3 buy signals, suggesting a bearish outlook [10] - The resistance level for Meituan is around 106 HKD, with a potential next target of 110 HKD if it breaks through [10] Group 3 - Baidu's stock price closed at 125 HKD, close to the middle line of the Bollinger Bands, with a resistance level at approximately 132.5 HKD [16] - The technical signals for Baidu are also predominantly "sell," with 8 sell signals and 5 buy signals [20] - Investors are advised to consider the exercise price of options carefully, with recommendations to choose options closer to the current stock price for better alignment with market movements [17] Group 4 - WuXi AppTec's stock has shown strong performance, breaking through the middle line of the Bollinger Bands, with a resistance level at around 123.6 HKD [23] - The stock's trading volume has increased significantly compared to the past 10 trading days, indicating positive market sentiment [23] Group 5 - Alibaba's stock closed at 173.6 HKD, with a resistance level at 180.6 HKD and a potential next target of 189.7 HKD [30] - The technical signals for Alibaba are predominantly "sell," with 9 sell signals and 3 buy signals, indicating a cautious outlook [30] - The support level for Alibaba is around 164.4 HKD, with a potential drop to 157.5 HKD if it breaks below this level [30] Group 6 - AAC Technologies' stock closed at 40.88 HKD, above the 40 HKD mark, but still below the middle line of the Bollinger Bands [36] - The technical signals for AAC Technologies are slightly more favorable, with a majority of buy signals [36] - Investors are advised to consider waiting for lower entry points, with a support level at approximately 38.8 HKD [36]

Market Overview - The Hang Seng Index is expected to rise towards 26,000 points due to a stable economic outlook in mainland China and a postponement of tariffs by the US, although corporate earnings improvements are limited [2] - Market activity remains robust with active trading across various sectors, reflecting a positive risk appetite among investors [2] Macro Focus - US President Trump indicated that global benchmark tariffs could range between 15% to 20%, with ongoing trade negotiations between the US and China potentially paving the way for a meeting between leaders [4][8] - Reports suggest that the US-China tariff ceasefire may be extended by another 90 days, with no new tariffs imposed during this period [8] - The Chinese government is implementing a child-rearing subsidy of 3,600 RMB per year for children under three years old, aimed at reducing family costs and benefiting over 20 million families annually [8] Corporate News - WuXi AppTec (2359) reported a 95% increase in interim profits, exceeding expectations, and raised its full-year operational outlook [10] - Huazhong Medicine (2552) anticipates a profit of over 1.1 billion RMB for the interim period, a significant turnaround from a loss in the previous year [10] - ZTE Corporation (0763) plans to issue convertible bonds at a 15.9% premium, expecting to raise over 3.5 billion RMB for enhancing its computing product development [10] - Same Origin Pharmaceutical (2410) is conducting a discounted share placement to raise approximately 1.6 billion RMB for R&D and operational needs [10] - The Hong Kong retail sector is experiencing a recovery, with a 0.9% quarterly increase in core street shop rents, driven by the return of international tourists [9][10] Economic Indicators - Hong Kong's exports rose by 11.9% year-on-year in June, marking the 16th consecutive month of growth, although this was below market expectations [9] - The US Treasury plans to issue over 1 trillion USD in bonds this quarter to cover a shortfall from the previous quarter, reflecting a cautious economic outlook [8]