Market Overview - The Hang Seng Index closed at 26,608 points, up 1.4%, while the Hang Seng China Enterprises Index rose 1.9% to 9,220 points[1] - Total turnover in Hong Kong stocks reached HKD 306.2 billion, a 24.9% increase from HKD 245.1 billion last Friday, indicating positive investor sentiment[1] - Key sectors such as consumer discretionary, information technology, and materials rose by 3.5%, 2.2%, and 2.2% respectively, while energy fell by 0.3%[1] Stock Performance - Alibaba Health (241 HK) and Kuaishou (1024 HK) led the gains, rising by 10.2% and 7.4% respectively[1] - Midea Group (300 HK) and Shenzhou International (2313 HK) were the biggest losers, both down by 2.8%[1] Global Economic Factors - Increasing global uncertainties include investigations into Fed Chair Powell and rising tensions regarding Greenland, which may impact US-EU relations[1] - Oil prices fluctuated between USD 58 and 59 due to expectations of ample supply, while gold prices approached a new high of USD 4,600[1] US Market Insights - The Dow Jones Industrial Average closed at 49,590 points, up 0.2%, amid concerns over Trump's potential interventions in the financial sector[2] - The Hang Seng Index futures closed at 26,994 points, indicating a premium of 386 points, suggesting a continuation of the upward trend in Hong Kong stocks[2] Real Estate Dynamics - In mainland China, the transaction volume of new homes in 30 major cities reached 1.16 million square meters, a year-on-year decline of 39.9%[3] - The decline in transactions was more severe than the previous week's drop of 15.1%, with first, second, and third-tier cities experiencing declines of 41.5%, 34.6%, and 46.8% respectively[3] Industry Highlights - The AI sector in Hong Kong saw significant gains, with companies like SenseTime (20 HK) and Fourth Paradigm (6682 HK) rising by 6.9% and 17.5% respectively[4] - The healthcare index rose by 1.1%, with WuXi Biologics (2269 HK) expected to achieve double-digit revenue growth by 2025[5] Renewable Energy Sector - The photovoltaic sector rebounded, with stocks like Xinyi Solar (968 HK) and Flat Glass Group (6865 HK) increasing by 1.9% to 3.8%[6] - The cancellation of VAT export rebates for photovoltaic products is expected to stabilize export prices in the long term[6]