Market Overview - The Hang Seng Index closed at 25,613.67, up 2.58% for the day and 27.80% year-to-date[3] - The Hang Seng Tech Index rose to 5,630.78, increasing by 3.52% daily and 25.11% year-to-date[3] - The Nikkei 225 index closed at 43,274.67, with a daily increase of 1.30% and a year-to-date rise of 8.47%[3] Stock Performance Highlights - Alibaba's stock surged by 6%, while Tencent rose nearly 5%, reaching a four-year high, with Q2 2025 revenue up 15% year-on-year[9] - Tencent Music's shares increased over 15%, hitting a historical high following Tencent's strong earnings report[9] - Weimob Group's stock climbed over 6%, reaching a five-month high due to new partnerships enhancing its service capabilities[9] Sector Movements - Biopharmaceutical stocks remained active, with notable gains in innovative drug companies following the announcement of new drug approvals[9] - Broker stocks saw significant increases, with Shenwan Hongyuan Hong Kong up over 7% and Yao Cai Securities up over 6%[9] - Lithium battery stocks experienced a pullback, with Tianqi Lithium down 1.7%[9] U.S. Market Trends - Major U.S. indices closed higher, with the Nasdaq and S&P 500 reaching new historical closing highs[9] - Ethereum and Bitcoin hit new all-time highs, boosting cryptocurrency-related stocks significantly[9] Economic Indicators - The U.S. Federal Reserve is expected to lower interest rates, with predictions of a 50 basis point cut in September and three additional cuts throughout the year[12] - China's July social financing growth was lower than expected, with a total of 1.16 trillion yuan, and the M2 money supply grew by 8.8% year-on-year[14]

Group 1 - US Treasury Secretary Yellen expresses optimism about a potential 50 basis points rate cut by the Federal Reserve in September [1] - Major US stock indices open higher, with the Nasdaq up 0.4%, S&P 500 up 0.33%, and Dow Jones up 0.38%, all reaching new highs [1] - Apple shares rise over 1% as the company is expected to launch 15 new products this year, including iPhone 17, iPad Pro, and Vision Pro [1] Group 2 - Eli Lilly's stock increases by over 1.5% following the launch of the user-friendly Mounjaro pre-filled injection pen in India, priced at approximately $160 for the initial dose [1] - CoreWeave's stock declines over 11.7% despite a 206.7% year-over-year revenue growth in Q2, as losses did not meet Wall Street expectations [1] - Ethereum reaches a peak of $4,700, nearing its historical high, with cryptocurrency-related stocks opening higher; BIT Mining up nearly 12%, Bit Origin up over 10%, and Coinbase up over 3% [1]