To The Moon

This week, Hong Kong stocks surged, with the $HSI(HSI)$ up 3.2%, closing in on its yearly highs! Key Market News On June 23rd, US President Trump announced on his social media platform that Israel and Iran had agreed to a full ceasefire. This helped ease risk-off sentiment, causing oil and gold prices to fall. As inflation worries eased, global markets rebounded. On June 24th, during a hearing in the House Financial Services Committee, Jerome Powell stated that the Federal Reserve had enough room to stay neutral on interest rates for now. He also hinted that if inflation didn't rise as expected, the Fed might cut rates sooner. On Thursday, the Hong Kong government unveiled its “Digital Asset Development Policy 2.0” to turn the city into a global hub for digital assets. The same day, $GUOTAI JUNAN I(01788)$ received approval from the Hong Kong Securities and Futures Commission to offer virtual asset trading services. Their stock soared by 466%, driving a rally in Financial stocks, but Energy stocks struggle. Southbound Funds inflows totaled HK$28.4 billion this week. Major Events in Hong Kong Stocks This Week 1.Trump announces full ceasefire between Israel and Iran. 2.Middle East tensions ease, leading to a sharp drop in oil prices. Hong Kong energy stocks faced heavy selling. 3. $GUOTAI JUNAN I(01788)$ gets approval for virtual asset trading services, with their stock skyrocketing. 4.Hong Kong government reaffirms its goal to become a global leader in digital assets. 5.China’s National Medical Insurance Bureau introduces new policy adjustments for commercial health insurance drugs. 6. $XIAOMI-W(01810)$ ’s YU7 car sells over 200,000 units within 3 minutes of launch. 7.China and the US reach an agreement on the implementation framework of the Geneva Consensus. 8.China’s industrial profits fell by 9.1% in May. 9. $REMEGEN(09995)$ announces a $4.1 billion global licensing deal for its core product. 10.China's drug watchdog NMPA approves a new weight loss treatment from $INNOVENT BIO(01801)$ . Five Stocks Worth Attention Among Top Trading HK Stocks This Week Top 1: $SANHUA(02050)$ : The stock dropped on its debut but rebounded after the company reported a 25-50% rise in profit for H1. Top 2: $GUOTAI JUNAN I(01788)$ : Soared after receiving approval for virtual asset trading. Top 3: $XIAOMI-W(01810)$ : The company launched its second car model, YU7, which saw 200,000 units pre-ordered in just 3 minutes, pushing stock prices to new highs. Top 4: $CHOW TAI FOOK(01929)$ : Stock rose 25% on its debut, with further gains of 33.8% the next day, fueling hopes that it could replicate the success of its legendary gold business. Top 5: $SAINT BELLA(02508)$ : The "Hermès of confinement centers" saw its stock surge over 66% on its debut. Next Week's Hong Kong Stock Market Events 1.Next Monday, China will release June PMI data, expected at 49.6, slightly up from 49.5 last month. 2.Next Tuseday, the market will be closed due to the Hong Kong SAR Establishment Day on July 1st. Trading will resume on July 2nd. 3.Next Thursday, The US market will close on July 4th, in observance of Independence Day.