Market Overview - The Hong Kong stock market opened positively on May 2, with all three major indices closing higher. The Hang Seng Index rose by 1.74% to 22,504.68 points, the Hang Seng Tech Index increased by 3.08% to 5,244.06 points, and the Hang Seng China Enterprises Index gained 1.92% to 8,231.04 points [3]. Economic Context - The Chinese Ministry of Commerce noted ongoing discussions with the U.S. regarding tariff negotiations, indicating a willingness from the U.S. side to engage in talks [3]. - According to Everbright Securities, the Hong Kong stock market is currently in a phase of "valuation trough" and "policy window," with the Hang Seng Index approximately 12% below its ten-year valuation mean and the Hang Seng Tech Index's price-to-earnings ratio at a historical low of 8% [3]. Sector Performance - The technology sector saw a broad increase, with notable gains from companies such as Xiaomi (up over 6%), Alibaba and JD.com (both up over 3%), and Tencent, Meituan, and Kuaishou also closing higher [5]. - The new energy vehicle (NEV) sector experienced significant growth, driven by strong delivery numbers for April. Companies like Li Auto, Xpeng, and Leap Motor reported year-on-year delivery increases of 31.6%, 273%, and 173%, respectively [8]. Company Highlights - WuXi Biologics reported a revenue of approximately 9.655 billion yuan for Q1 2025, a year-on-year increase of 20.96%, with a net profit of about 3.672 billion yuan, up 89.06% [8]. - The new tea beverage sector also performed well, with Nayuki's Tea rising over 8% amid ongoing public offerings [9]. Stock Movements - Meilan Airport's stock surged by 7.71% following the announcement of a major share transfer, with the controlling shareholder transferring 50.19% of the company’s shares for a total of 2.52 billion HKD [14].

Market Overview - On March 27, Hong Kong's three major indices closed higher, with the Hang Seng Index rising by 0.41% to 23,578.80 points, the Hang Seng Tech Index up by 0.29%, and the National Enterprises Index increasing by 0.27% [1] - Technology stocks generally saw gains, with CXO concept stocks performing strongly and dairy products also rising overall [1] Key Stocks and ETFs - Notable individual stock performances included Bruker rising over 15%, Pop Mart increasing by over 9%, Haidilao up by over 6%, and Mixue Group gaining over 5% [1] - The Hang Seng Tech Index ETF (513180) rose by 0.78%, with a trading volume of 6.57 billion HKD, making it the top-performing tech-themed ETF in Hong Kong [1] U.S. Market Performance - On the previous night, U.S. stock indices collectively declined, with the Nasdaq down by 0.53%, the Dow Jones falling by 0.37%, and the S&P 500 decreasing by 0.33% [2] - Major tech stocks showed mixed results, with Nvidia dropping over 2% and Google and Meta down over 1%, while Apple rose over 1% [2] - The Nasdaq Golden Dragon China Index increased by 1.39%, with most popular Chinese concept stocks rising, including Bilibili up by 3.7% and JD.com, Alibaba, and Tencent at least up by 2.6% [2] New Indices Announcement - On March 27, the Hang Seng Index Company announced two new technology-related indices: the Hang Seng Tech Index Top 10 and the Hang Seng China Tech Top 10 Select Index, which will include the top 10 securities by market capitalization from the Hang Seng Tech Index [3] Gold Market Update - Gold prices surged by 1.3% to 3,059.63 USD, surpassing the record high reached a week prior, with Bank of America projecting a potential rise to 3,500 USD in the next 18 months [3] Short Selling Data - On March 27, a total of 613 Hong Kong stocks were short-sold, with total short selling amounting to 30.092 billion HKD [4] - The top three stocks by short selling amount were Xiaomi Group at 2.395 billion HKD, BYD at 1.776 billion HKD, and Alibaba at 1.485 billion HKD [4] Share Buyback Data - On March 27, 22 Hong Kong stocks were involved in share buybacks, with five stocks having buyback amounts exceeding 10 million HKD [5] - Tencent Holdings had the largest buyback amount at 501 million HKD, followed by China Hongqiao at 73.58 million HKD and Kuaishou at 69.84 million HKD [5] Related ETFs - Key ETFs mentioned include the Hang Seng Pharmaceutical ETF (159892), Hang Seng Internet ETF (513330), Hong Kong Consumer ETF (513230), Hong Kong Automotive ETF (159323), and Hang Seng Tech Index ETF (513180) [6]