香港50指数 (HangSeng) 加自选

恒生指数周一飙升682点，涨幅3.0%，收于23549点，连续第八个交易日上涨，创下1.5个月高点。在美国和中国同意暂停90天的贸易紧张局势并大幅放松关税后，美国期货价格大幅上涨，随后出现反弹。华盛顿将把中国商品关税从145%降至30%，而北京将把美国商品关税从125%降至10%。数据显示，4月份中国汽车销量同比增长近10%，进一步提振了市场情绪。科技股领涨，行业指数上涨约5%，受Trip.com（6.6%）、腾讯控股（4.5%）和美团（2.5%）上涨的推动。受美国对冲基金加大对中国股市看涨押注的报道推动，房地产、消费和金融类股也上涨。然而，上涨势头受到中国大陆4月份CPI/PPI数据疲软的限制，消费者价格连续第三个月下跌，生产者价格指数六个月来跌幅最大。

The Hang Seng surged 682 points or 3.0% to close at 23,549 on Monday, marking its eighth straight session of gains and hitting a 1-1/2 month high. The rally followed a sharp rise in U.S. futures after the U.S. and China agreed to a 90-day pause in trade tensions and a major easing of tariffs. Washington will cut duties on Chinese goods to 30% from 145%, while Beijing will lower tariffs on U.S. goods to 10% from 125%. Sentiment was further lifted by data showing China’s car sales rose nearly 10% yoy in April. Tech stocks led the advance, with the sector index up around 5%, boosted by gains in Trip.com (6.6%), Tencent Holdings (4.5%), and Meituan (2.5%). Property, consumer, and financial shares also climbed, helped by reports that U.S.-based hedge funds ramped up bullish bets on Chinese equities. However, upside momentum was capped by weak April CPI/PPI data in the mainland where consumer prices fell for the third month and producer prices shrank the most in six months.

香港股市周一早盘上涨322点，涨幅1.4%，至23188点，这是连续第八个交易日上涨，创下了1-1/2个月来的最高水平。在周末美中贸易谈判取得进展的迹象下，美国期货价格大幅上涨，随后出现反弹。华盛顿强调了达成协议的进展，北京证实双方已同意启动正式谈判。地缘政治紧张局势的缓和进一步提振了市场情绪，包括印度和巴基斯坦之间脆弱的停火以及乌克兰总统泽连斯基对会见俄罗斯普京的开放态度。随着香港计划改革旅游业，所有行业都出现了大幅上涨。尽管如此，中国4月份CPI/PPI数据疲软，消费者价格连续第三个月下跌，生产者价格指数创下六个月来最大跌幅，抑制了上涨势头。领涨股包括Techtronic Inds。（4.2%）、Trip.com（3.0%）、李汽车（2.6%）和腾讯Hlds。 (1.7%).

Hong Kong equities jumped 322 points or 1.4% to 23,188 in early Monday trade, marking the eighth straight session of gains and notching their highest level in 1-1/2 months. The rally followed a strong surge in U.S. futures amid signs of progress in U.S.-China trade talks over the weekend Washington highlighted progress toward a deal and Beijing confirmed both sides had agreed to launch formal negotiations. Sentiment was further lifted by easing geopolitical tensions, including a fragile ceasefire between India and Pakistan and Ukrainian President Zelenskiy’s openness to meet Russian Putin. All sectors saw broad gains, as Hong Kong plans to revamp its tourism industry. Still, the upside was tempered by weak April CPI/PPI data from China, where consumer prices fell for the third month and producer prices posted their steepest drop in six months. Leading gainers included Techtronic Inds. (4.2%), Trip.com (3.0%), Li Auto (2.6%), and Tencent Hlds. (1.7%).

恒生指数周五上涨92点，收于22868点，涨幅0.4%，连续第七个交易日上涨，房地产和金融股领涨。交易员对中国4月份的贸易数据表示欢迎，该数据显示，尽管美国关税上升导致出口放缓，但出口增长仍有弹性，而随着北京继续努力提振内需，进口下降幅度低于预期。该指数保持在一个月来的最高点，受到周四华尔街强势的支撑。本周，该指数上涨1.6%，连续第四周上涨，是自2月以来最长的连胜纪录。在特朗普总统表示对美中贸易谈判持乐观态度后，市场情绪有所回升，这表明对中国商品的145%关税可能会降低。然而，在周末公布中国大陆CPI/PPI数据之前，市场仍持谨慎态度。与此同时，香港4月外汇储备降至4087亿美元，为2017年7月以来的最低水平。涨幅较大的公司包括Pop-Mart（6.7%）、恒基兆业地产（6.0%）、普拉达水疗（4.6%）、新鸿基（4.6%）。

The Hang Seng rose 92 points or 0.4% to close at 22,868 on Friday, up for the seventh session, led by property and financial stocks. Traders welcomed China's April trade data, which showed resilient export growth despite a slowdown due to rising U.S. tariffs, while imports fell less than expected as Beijing continued efforts to boost domestic demand. The index held at its highest in a month, supported by Wall Street's strength Thursday. For the week, it gained 1.6%, marking a fourth straight weekly rise and the longest winning streak since February. Sentiment was lifted after President Trump signaled optimism over U.S.-China trade talks, suggesting the 145% tariffs on Chinese goods could be reduced. However, caution persisted ahead of mainland CPI/PPI readings due over the weekend. Meantime, Hong Kong’s forex reserves fell to $408.7 billion in April, the lowest since July 2017. Notable gainers included Pop Mart (6.7%), Henderson Land Dev. (6.0%), Prada Spa (4.6%), Sun Hung Kai (4.6%).

香港股市周五上午上涨60点，涨幅0.2%，至22841点，连续第七个交易日上涨，并徘徊在一个月高点附近。美国总统特朗普表示，如果即将在瑞士举行的贸易谈判顺利进行，可能会降低对中国商品的关税，这是美国和中国之间的首次正式谈判。投资者还对美国和英国达成重大贸易协议表示欢迎。金融和消费类股领涨，房地产和科技股落后。然而，由于关税可能开始对外部需求造成压力，在中国4月贸易数据于今天晚些时候公布之前，越来越谨慎的态度限制了进一步的进展。恒生指数有望连续第五周上涨，迄今已上涨1%以上，这得益于中国央行最近的货币宽松政策。其中，恒基兆业地产（5.5%）、周大福珠宝（4.4%）、普拉达水疗（4.0%）和联想集团（3.0%）是主要的早期推动者。

Hong Kong stocks rose 60 points or 0.2% to 22,841 on Friday morning, extending gains for a seventh straight session and hovering around a one-month high. A positive lead from Wall Street overnight supported sentiment after U.S. President Trump suggested tariffs on Chinese goods could be reduced if upcoming trade talks in Switzerland proceed smoothly—the first official negotiations between the U.S. and China. Investors also welcomed a major trade deal between the U.S. and U.K. Financials and consumer stocks led the gains, while property and tech shares lagged. However, further advances were capped by growing caution ahead of China’s April trade figures due later today, as tariffs may start to weigh on external demand. The Hang Seng is on track for a fifth consecutive weekly gain, up over 1% so far, supported by recent monetary easing from the PBoC. Notable early movers included Henderson Land Development (5.5%), Chow Tai Fook Jewellery (4.4%), Prada Spa (4.0%), and Lenovo Group (3.0%).