U.S. stocks developed mixed on Thursday, with the Dow Jones closing at 49,266 points, up 270 points or 0.55%; the S&amp;P 500 rose less than 1 point or 0.01%, closing at 6,921 points; the Nasdaq fell 104 points or 0.44%, closing at 23,480 points; the Golden Dragon Index, which reflects the performance of Chinese concept stocks, rose 1.09%, closing at 7,796 points.Large technology stocks generally declined, with Broadcom down 3.21%; NVIDIA down 2.15%; Microsoft down 1.11%, while Amazon rose 1.96%, and Tesla and Alphabet both rose about 1%.U.S. President Trump plans to significantly increase the defense budget by about 50%, leading military stocks Northrop Grumman and Lockheed Martin to rebound by 2.3% and 4.3%, respectively. Additionally, oil companies Chevron and ExxonMobil rose by 2.61% and 3.73%, respectively.The Hang Seng Index opened 123 points higher this morning, at 26,272 points. Tech stocks showed mixed performance, with Alibaba (9988) up 3.78%; JD.com (9618) up 3.31%; Tencent (700) unchanged; Meituan (3690) down 0.99%; and Baidu (9888) down 2.49%.Three new stocks are listed today, with Reborn Bio (6938) opening at HKD 75, 29.3% higher than the offer price of HKD 57.97; MINIMAX (100) opening at HKD 235.4, 42.6% higher than the offer price of HKD 165; and Jinshun Resources (3636) opening at HKD 38, 26.6% higher than the offer price of HKD 30.Regarding the direction of northbound capital, on Thursday, net selling of Hong Kong stocks amounted to HKD 4.901 billion. Xiaomi (1810), Tencent (700), and SMIC (981) saw net purchases of HKD 1.072 billion, HKD 864 million, and HKD 563 million, respectively; while the Tracker Fund of Hong Kong (2800), Hang Seng China Enterprises (2828), and Southern Hang Seng Technology (3033) experienced net selling of HKD 6.284 billion, HKD 2.878 billion, and HKD 1.288 billion, respectively

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The Hang Seng Index opened 123 points higher this morning, reporting at 26,272 points. Alibaba rose by 3.78%, and JD.com increased by 3.31%. In the U.S. stock market, the Dow Jones rebounded by 270 points, while the Nasdaq fell by 104 points. Regarding new stocks, MINIMAX debuted with a 42.6% increase. Southbound funds had a net sell of HKD 4.901 billion in Hong Kong stocks, with some technology stocks experiencing net purchases

- U.S. stocks showed mixed results on Thursday, with the Dow up 270 points, or 0.55%, while the Nasdaq dropped 104 points, or 0.44%.  
- President Trump plans to increase the defense budget by approximately 50%, positively impacting defense stocks like Northrop Grumman and Lockheed Martin, which rose 2.3% and 4.3% respectively.  
- In Hong Kong, the Hang Seng Index opened 123 points higher, with notable gains in Alibaba and JD.com, while net outflows from mainland investments totaled HKD 4.901 billion.

The Hang Seng Index opened up 123 points, Alibaba and JD.com rose over 3%, MINIMAX debuted with a 42% increase