<p>U.S. President Donald Trump's latest remarks shocked the market, causing the U.S. dollar index to drop to a nearly four-year low. The weakening of the dollar benefited Hong Kong stocks, and with financial stocks, technology stocks, and the &#34;China Special Valuation&#34; sector strengthening, the Hang Seng Index opened high on the eve of the futures settlement and continued to rise, closing at the day's highest point at 27,826 points, up 699 points. The Hang Seng Index has risen for six consecutive days, accumulating a total increase of 1,339 points, marking the longest rally since May last year. The index not only surpassed last year's high of 27,381 points but also reached a nearly four-and-a-half-year high. The market turnover surged to HKD 361.5 billion, the highest since October 14 last year. However, northbound capital continued to take the opportunity to exit, with a net outflow of HKD 3.427 billion for the fourth consecutive day.</p>
<p>After opening 199 points higher, the Hang Seng Index's early gains narrowed to 132 points, but after hitting a low, it rebounded immediately and continued to rise, closing at the day's highest point at 27,826 points, up 699 points. The China Enterprises Index closed at 9,512 points, up 267 points; the Technology Index closed at 5,900 points, up 145 points.</p>
<p>Technology stocks supported the market upward. Heavyweight stock Alibaba (9988) rose 2.1%, closing at HKD 173.5; Tencent (700) increased by 2.3%, closing at HKD 621; Meituan (3690) rose 1.9%, closing at HKD 98.35; Kuaishou (1024) climbed 4.4%, closing at HKD 82.3.</p>
<h2>Financial Stocks Continue to Be Strong, AIA Up 2.8%</h2>
<p>Interest-sensitive financial stocks maintained their strength. Hang Seng Bank officially delisted on Tuesday, and HSBC (005) rose 2.2%, closing at HKD 137.5, contributing nearly 58 points to the Hang Seng Index; AIA (1299) rose 2.8%, closing at HKD 88.85; Industrial and Commercial Bank of China (1398) increased by 3.6%, closing at HKD 6.59; Ping An Insurance (2318) rose 1.8%, closing at HKD 70.95.</p>
<p>The U.S. will conduct a multi-day air force readiness exercise in the Middle East, escalating geopolitical tensions and seen as military pressure on Iran. Additionally, a report from JP Morgan indicated that global funds are significantly increasing their bets on the commodity market, pushing gold prices to new highs, with other resource stocks also strengthening. Among gold stocks, Zijin Mining (2899) rose 3.1%, closing at HKD 44.76; its subsidiary Zijin International (2259) surged 8.7%, closing at HKD 253.2; Shandong Gold (1787) rose 8.7%, closing at HKD 51.2.</p>
<h2>Chalco Soars 12%, PetroChina Up 5%</h2>
<p>Among resource stocks, China Hongqiao (1378) jumped 7.3%, closing at HKD 40.22, making it the best-performing blue-chip stock; Aluminum Corporation of China (2600) soared 12.7%, closing at HKD 15.06. The &#34;Three Oil Giants&#34; also performed well. CNOOC (883) rose 4.9%, closing at HKD 24.66; PetroChina (857) increased by 5%, closing at HKD 9.25; Sinopec (386) rose 3.6%, closing at HKD 5.45.</p>
<p>Domestic property developer Vanke (2202) had two bonds extended, marking significant progress in debt resolution, and brokerages are optimistic about continued policy support for the mainland property market this year. Domestic property stocks collectively rose, with Vanke up 3.6%, closing at HKD 3.74; Longfor (960) rose 3.2%, closing at HKD 9.87; China Resources Land (1108) increased by 4.6%, closing at HKD 29.8; China Overseas (688) rose 1.5%, closing at HKD 13.79</p>
<h2>State-owned Enterprises Accelerate AI Promotion, China Telecom Rises 6.3%</h2>
<p>State-owned enterprises will intensify the promotion of the &#34;AI+&#34; special action, effectively becoming an important supplier of China's intelligent computing infrastructure. Among the telecommunications stocks that are vigorously developing AI businesses, China Telecom (728) rose 6.3%, closing at HKD 5.42; China Unicom (762) increased by 4.9%, closing at HKD 8.1; China Mobile (941) rose 3.1%, closing at HKD 80.9.</p>
<p>In terms of individual stocks, newly listed Mingming Hen Mang (1768) closed at HKD 400, a significant increase of 69.1% from the offering price of HKD 236.6, earning HKD 16,340 per lot before fees.</p>
<h2>Mixue Downgraded, Falls 10.9% Against the Trend</h2>
<p>CloudWalk Technology (9678) forecasted that the revenue from large model-related businesses will reach approximately RMB 600 million to RMB 620 million in 2025, representing a year-on-year growth of about 1057% to 1095%. The stock surged 73.8%, closing at HKD 382. Cao Cao Chuxing (2643) raised funds through a nearly 9% discounted placement, while Cao Cao Chuxing fell 0.4% against the trend, closing at HKD 35.52. Mixue Group (2097) was downgraded to &#34;Neutral&#34; by UBS, and Mixue fell sharply by 10.9% against the trend, closing at HKD 397.6.</p>
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<p>The Hang Seng Index opened 198 points higher this morning and continued to show strong momentum, with the increase expanding to 660 points at one point, reaching a high of 27,786 points. As of noon, it reported 27,725 points, up 598 points or 2.21%, with a half-day turnover of HKD 196.3 billion. In terms of the tech index, it reported 5,854 points at noon, up 100 points or 1.74%.</p>
<h2>Tencent and Alibaba Among Tech Stocks Rise Together</h2>
<p>Among the heavyweight blue-chip stocks, HSBC (005) rose another 2.7% at noon, reaching a new high, contributing 68 points to the Hang Seng Index. Meanwhile, Tencent (700) and Alibaba (9988) also rose by 2.14% and 1.65% respectively, providing strong support to the market. Other tech stocks also saw collective increases, with JD.com (9618) up 2.11%; Xiaomi (1810) up 1.41%; Meituan (3690) up 1.14%; and Baidu (9888) up 0.39%.</p>
<p>Related Article: HSBC Stock Price Hits New High, Aiqiao Intelligence Issues &#34;Open Letter to Hong Kong,&#34; Declaring a New Chapter for Hang Seng</p>
<h2>CNOOC and PetroChina Rise Over 5%</h2>
<p>In terms of blue-chip stock fluctuations, Xinyi Glass (868) rose 6.2%, making it the best-performing blue-chip; CNOOC (883) rose 5.9%; China Hongqiao (1378) rose 5.71%, benefiting from tight aluminum supply and continuous price increases. Additionally, Pop Mart (9992) rose 5.55%, as the stock has been repurchasing shares recently, demonstrating its confidence in development.</p>
<p>On the other hand, the U.S. Central Command announced that it would hold several days of air force military exercises, seen as a military pressure on Iran. As a result, international oil prices rose, and besides CNOOC, PetroChina (857) and Sinopec (386) also performed well, rising 5.45% and 3.8% respectively.</p>
<h2>Domestic Real Estate Benefits from Vanke's Debt Resolution Progress</h2>
<p>Furthermore, benefiting from the progress in Vanke's debt resolution and the continuous strengthening of domestic real estate policies this year, domestic real estate stocks collectively rose, with Vanke (2202) up 2.49%; China Jinmao (817) up 7.95%;
Greentown China (3900) rose 6.71%; Country Garden (2007) also rose 1.89%.</p>
<p>In individual stocks, the newly listed Mingming Hen Mang (1768) once rose 88%, reaching a high of HKD 445, and then slightly retreated, closing at HKD 403 at noon, up 70.33%.</p>
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<p>U.S. President Donald Trump made another shocking statement to the market, refusing to acknowledge the sharp decline of the dollar, and stated that the dollar is &#34;performing well.&#34; When asked if he was worried about the depreciation of the dollar, he said, &#34;I hope the dollar returns to its rightful level, which is a reasonable approach,&#34; even suggesting that he could manipulate the dollar exchange rate, &#34;making it fluctuate like a yo-yo.&#34; As a result of this news, the U.S. dollar index plummeted, hitting a low of 95.55, the lowest since mid-February 2022, and slightly rebounded this morning, currently reported at the 96 level; in addition, spot gold prices reached a new high, peaking at USD 5,202, and silver prices also reached USD 114.39.</p>
<p>The three major U.S. stock indices had mixed developments on Tuesday, with the Dow Jones closing down 408 points or 0.83%, at 49,003 points; the S&amp;P 500 rose 28 points or 0.41%, at 6,978 points; and the Nasdaq rose 215 points or 0.91%, at 23,817 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it also rose 0.48% to 7,866 points on Tuesday.</p>
<h2>Gold Prices High, Chifeng Gold Up Over 4%</h2>
<p>In the Hong Kong stock market, the Hang Seng Index opened 198 points higher this morning, at 27,325 points. Tech stocks had mixed developments, with Alibaba (9988) up 0.35%; Tencent (700) up 0.99%; Meituan (3690) up 0.47%; Xiaomi (1810) unchanged; JD.com (9618) up 1.5%, while Baidu (9888) fell 0.4%.</p>
<p>With gold prices high, related stocks continued to perform well, with Chifeng Gold (6693) up 4.5%; Zhaojin (1818) up 2.6%; Shandong Gold (1787), Zijin Mining (2899), and Zijin Gold International (2259) also up over 2%; China Silver (815) rose 2.6%.</p>
<h2>Mingming Hen Mang International Offering Oversubscribed 43 Times</h2>
<p>In terms of new stocks, Mingming Hen Mang (1768) officially listed today, with its public offering portion oversubscribed about 1,898 times, a 3% chance of winning a lot, and the international offering oversubscribed 43 times. The stock opened at HKD 445, rising 88%.</p>
<h2>Cloud Wisdom Expects Revenue from Large Model Related Business to Increase Over 1057%</h2>
<p>In individual stock news, Cloud Wisdom (9678) expects to achieve revenue from large model-related business of approximately RMB 600 million to 620 million in the fiscal year 2025, an annual growth of about 1057% to 1095%. The group stated that the revenue data from large model-related business only reflects part of the business performance, with overall revenue expected to be approximately RMB 1.18 billion to 1.24 billion, an annual growth of 26% to 32%. The stock opened at HKD 243, up 10.5%.</p>
<h2>Cao Cao Mobility Plans to Issue Shares at a Discount of Nearly 9%</h2>
<p>In addition, Cao Cao Mobility (2643) plans to place 12 million shares to raise HKD 390 million, equivalent to nearly 2.1% of the expanded total issued shares, with a placement price of HKD 32.46 per share, a discount of nearly 9% compared to the previous closing price of HKD 35.66. The stock opened at HKD 34.96, down 2%
In terms of Northbound capital flow, there was a net sell of HKD 635 million in Hong Kong stocks yesterday. Tencent (700), China Life (2628), and Yangtze Optical Fibre and Cable (6869) saw net purchases of HKD 1.024 billion, HKD 511 million, and HKD 355 million respectively; while China Mobile (941), Zijin Mining (2899), and SMIC (981) experienced net sells of HKD 1.147 billion, HKD 843 million, and HKD 553 million respectively</p>

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<p>The Hang Seng Index surged by 699 points, closing at 27,826 points, reaching a nearly 4.5-year high. Financial stocks and tech stocks performed strongly, with major stocks like Alibaba and Tencent all rising. The market turnover increased significantly to HKD 361.5 billion, while northbound capital recorded a net outflow of HKD 3.427 billion for the fourth consecutive day. The geopolitical tensions in the United States have intensified, gold prices have hit new highs, resource stocks have strengthened, and ZIJIN GOLD INTL soared by 8.7%</p>

- U.S. President Trump's recent remarks caused the dollar index to plunge, aiding Hong Kong stocks which saw the Hang Seng Index rise to its highest level in nearly four years, closing at 27,826 points.  
- Market activity surged, with over 361.5 billion HKD traded, despite continued net outflows from mainland investors totaling 3.427 billion HKD.  
- Major sectors like finance and technology stocks led the gains, while rising international oil prices added to the overall market strength amid geopolitical tensions.

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The Hang Seng Index surged 699 points, reaching a nearly 4.5-year high. HSBC, Tencent, and Alibaba rose by 2%, while ZIJIN GOLD INTL soared by 8.7% | Hong Kong stock market closing