U.S. President Donald Trump once again delivered a shocking speech to the market, refusing to acknowledge the sharp decline of the dollar, stating that the dollar is &#34;performing well.&#34; When asked if he is 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 rise and fall 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 reporting at the 96 level. Additionally, spot gold prices reached a new high, peaking at $5,202, while silver prices also saw a high of $114.39.
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% to 6,978 points; and the Nasdaq rose 215 points or 0.91% to 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.
In Hong Kong stocks, the Hang Seng Index opened 198 points higher this morning, reporting 27,325 points. Tech stocks had mixed developments, with Alibaba (9988) rising 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%.
With gold prices high, related stocks continued to perform well, with Chifeng Jilong Gold Mining (6693) up 4.5%; Zhaojin Mining (1818) up 2.6%; Shandong Gold (1787), Zijin Mining (2899), and Zijin Gold International (2259) also rising over 2%; China Silver (815) rose 2.6%.
In terms of new stocks, BUSYMING (1768) officially listed today, with the public offering portion oversubscribed by about 1,898 times, a 3% chance of winning a lot. The international offering was oversubscribed 43 times. The stock opened at 445 HKD, soaring 88%.
In individual stock news, UNISOUND (9678) expects to achieve revenue of approximately 600 million to 620 million RMB from large model-related businesses in the fiscal year 2025, representing a year-on-year growth of about 1,057% to 1,095%. The group stated that the revenue data from large model-related businesses only reflects part of the business performance, with overall revenue expected to be around 1.18 billion to 1.24 billion RMB, a year-on-year growth of 26% to 32%. The stock opened at 243 HKD, rising 10.5%.
Additionally, Cao Cao Chuxing (2643) plans to place 12 million shares to raise 390 million HKD, equivalent to nearly 2.1% of the expanded total issued shares, with a placement price of 32.46 HKD per share, a discount of nearly 9% compared to the previous closing price of 35.66 HKD. The stock opened at 34.96 HKD, down 2%.
Regarding the northbound capital flow, there was a net sell of 635 million HKD in Hong Kong stocks yesterday, with Tencent (700), China Life (2628), and Yangtze Optical Fibre and Cable (6869) receiving net purchases of 1.024 billion HKD, 511 million HKD, and 355 million HKD respectively; while China Mobile (941), Zijin Mining (2899), and SMIC (981) faced net sells of 1.147 billion HKD, 843 million HKD, and 553 million HKD respectively

U.S. President Trump delivered a speech, refusing to acknowledge the depreciation of the dollar, causing the dollar exchange rate to plummet to its lowest level since 2022. Spot gold prices hit a new high, and the Hong Kong stock index opened up 198 points. The new stock BUSYMING was listed, soaring 88% at the market opening. In terms of individual stocks, UNISOUND expects significant growth in revenue from large model-related businesses by 2025

Stheadline

A GX USD MM

ChinaAMC Gold ETF

SPDR Gold Shares

Abrdn Precious Metals Basket ETF Trust

BUSYMING

FL2CSOPGOLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Kinross Gold

Gold.com

iShares MSCI Global Gold Miners

Agnico Eagle Mines

UNISOUND

Hang Seng Index

Zijin Mining

A BOS USD MM-U

ZHONGJIN GOLD

GLOBAL X Gold Explorers

Newmont

Us Gbl GLD & Met

iShares Gold Trust

SD-GOLD

VanEck Gold Miners ETF

VanEck Junior Gold Miners ETF

Abrdn Gold ETF Trust

Pro Ultr GLD

Invesco Db Precious Metals ETF

A BOS USD MM

The US dollar plummets, gold prices hit a new high, the Hang Seng Index opens up 198 points, BUSYMING first listing rises 88% | Hong Kong stock market opens