To The Moon

This week, Hong Kong stocks continued their upward trend, with the $HSI(HSI)$ rising 2.74%. Trade War Easing Sparks Global RallyPresident Trump hinted at a potential major shift in the trade war with China, stating that high tariffs on Chinese goods would be "significantly reduced, though not to zero."U.S. Treasury Secretary Bessent also publicly stated that the trade war with China is unsustainable, telling investors that the Trump administration's goal is to achieve trade rebalancing rather than a complete rupture or decoupling in U.S.-China relations.China's Economic Policy ShiftMeanwhile, China has exempted certain U.S. semiconductor imports from tariffs, reducing the tax from 125% to 0%, with a 13% VAT applied instead. Memory chips are tempora

The Hong Kong stock market extended its rebound this week, with the $HSI(HSI)$ gaining 2.3%.U.S. Softens Tariff StanceLate last Friday, the U.S. Customs and Border Protection quietly updated its tariff rules. Products like computers, data processors, communication gear, displays, modules, and semiconductors are now exempt from retaliatory tariffs.This surprise move is being seen as a sign that Trump is easing his hardline stance on China. The consumer electronics sector rallied sharply in response.China’s Economy Surprises to the UpsideOn Wednesday, the National Bureau of Statistics released a number of economic data. Among them, China’s Q1 GDP grew 5.4% year-on-year, beating expectations of 5.2% Industrial output rose 7.7% in March, the fastest gr

This week, the Hong Kong stock market faced heavy losses, with $HSI(HSI)$ dropping 8.47%.Trade War IntensifiesLast Wednesday, the U.S. government announced "reciprocal tariffs" on Chinese imports. In response, China imposed a 34% tariff increase on all U.S. imports. This escalated trade tensions caused a global market sell-off. The HSI plummeted 13.22% on Monday, marking its biggest one-day drop since 1997.In mainland China, the ChiNext Index dropped 12.5%, the largest single-day fall in history.Government Support Amid growing panic, the Central Huijin Investment Co. reaffirmed its confidence in China's capital markets, announcing further ETF purchases. The People's Bank of China also expressed support, stating it would provide sufficient re-lendin

This week, Hong Kong stocks underperformed, with the $HSI(HSI)$ falling 2.46%.Several negative news events contributed to this slump:1.Robot Investment PullbackFamous investor Zhu Xiaohu announced he is exiting investments in humanoid robots due to unclear commercialization, shaking up the industry and cooling tech stock hype.2.Xiaomi’s Tragic IncidentOn Tuesday, a deadly crash involving the $XIAOMI-W(01810)$ SU7 raised doubts about the company’s autonomous driving features. Three people died, and Xiaomi faced public backlash, resulting in two consecutive days of sharp stock price declines.3.Trump’s Tariff OrdersOn Thursday, President Trump signed two executive orders imposing "reciprocal tariffs" on 40+

This week, the Hong Kong stock market saw a slight pullback, with the $HSI(HSI)$ down by 1.11% on the week.Xiaomi’s $3.3 Billion Stock PlacementThe big news that rattled investors came on Tuesday before market open, when $XIAOMI-W(01810)$ announced an equity placement of 800 million shares at HK$53.25 each, raising HK$42.5 billion. This is a 6.6% discount to the closing price the day before. The funds will be used for business expansion and R&D.The announcement caused Xiaomi’s stock to plummet by 6.3% on Tuesday, with trading volume hitting a record high of HK$71.8 billion.After $BYD COMPANY(01211)$ recently completed a massive equity placement raising HK$43

This week, the Hong Kong stock market saw a pullback after reaching a new high for the year. The $HSI(HSI)$ fell for two consecutive days, closing the week down by 1.13%.Economic Data and Corporate EarningsOn Monday, China’s National Bureau of Statistics released strong economic data. In January-February, retail sales of consumer goods grew 4% year-on-year, surpassing the 3.8% forecast and beating December’s 3.7% increase. Industrial output grew 5.9%, beating the 5.3% forecast, and fixed asset investment rose 4.1%, also exceeding expectations.On Tuesday after market hours, $XIAOMI-W(01810)$ reported its fourth-quarter earnings, claiming to have delivered the strongest financial results in its history. Rev

This week, Hong Kong stocks experienced significant volatility, with the $HSI(HSI)$ falling 1.12%, dropping below the key 24,000-point mark.US Market Drops Drag Down Hong Kong StocksThe US stock market took a sharp dive this week, with the $NASDAQ(.IXIC)$ down 4.9%. The cause? Trump’s aggressive stance on tariffs, raising fears that the US economy could slide into recession. In response to the market plunge, Trump softened his tone, admitting some economic turbulence ahead but reaffirming his goal to bring wealth back to Americans, which will take time.Later, the US reported a 2.8% year-on-year CPI for February, marking a new low since last November. The number was slightly below expectations, which cause

This week, Hong Kong stocks continued to rise, with the $HSI(HSI)$ gaining 5.6%, reclaiming the 24,000-point mark, and hitting a three-year high.Positive Economic Data Sparks OptimismLast weekend, China’s National Bureau of Statistics released its February manufacturing PMI data, showing a rise to 50.2%, back in the expansion zone and surpassing analysts’ forecast of 49.9%.At the same time, Caixin published its own February manufacturing PMI at 50.8%, up 0.7 percentage points and beating expectations, marking the highest in three months.With China’s highly anticipated Two Sessions meetings this week, the government announced key economic targets. The 2025 GDP growth target is set at around 5%, with a budget deficit rate around 4%. A moderately rela

This week, the Hong Kong stock market surged before pulling back, with the $HSI(HSI)$ dropping 2.29%.Negative News Floods InThere are more signs of the US economy cooling off, increasing the risk of stagflation. First-time unemployment claims reached 242,000 last week, the highest since early December last year. The housing market is also struggling due to high prices, high interest rates, and natural disasters. In January, the number of unsold homes dropped by 4.6%, reaching a historic low. Additionally, PCE inflation was revised up to 2.7%, fueling inflation concerns once again.On Thursday, President Trump announced a 10% tariff on Chinese imports starting March 4. With a previous 10% tariff already in place, this new measure brings the total to

This week, the Hong Kong stock market continued its surge. The $HSI(HSI)$ rose 3.79%, surpassing its highest point from October 7th last year, hitting a three-year high!Key News Driving the RallyOn Monday, February 17th, President Xi attended a symposium with private business leaders and delivered an important speech. He emphasized that the government's policies on private economic development are now firmly embedded in China's socialist system. These policies will remain consistent and unchanged. The future of the private economy is full of potential, and now is the perfect time for private entrepreneurs to shine.Attendees included major figures like Robin Zeng (Chairman of CATL), Jack Ma (Founder of $BABA-W