恒生指数周一上涨136点，收于25130点，涨幅0.5%，扭转了早盘的疲软局面，第三个交易日收高，房地产和消费类股领涨。该指数创下2021年11月以来的最高点，此前中国宣布在西藏开始建设一座价值1700亿美元的水电站大坝，提振了人们对基础设施相关行业的信心。受此消息影响，房地产股上涨1.3%，而消费者股小幅上涨，有迹象表明中美贸易紧张局势有所缓解，北京方面推动吸引长期资本进入股市，以及支持机械、汽车和电气设备等关键行业的新措施。与此同时，美国期货在本周主要科技股盈利之前小幅上涨。长江和记黄埔股价上涨2.5%，达到4个半月以来的最高点，据报道，中国远洋海运正考虑加入一个收购李海外港口的全球财团。其他上涨股包括中国重汽有限公司（8.0%）、中国宏桥（3.7%）、中芯国际（2.8%）和太电子工业。 (2.6%).

The Hang Seng rose 136 points or 0.5% to finish at 25,130 on Monday, reversing early weakness and ending higher for the third session, led by property and consumer stocks. The index hit its highest since November 2021 after China announced the start of construction on a $170 billion hydropower dam in Tibet, boosting confidence in infrastructure-related sectors. Property stocks climbed 1.3% on the news, while consumer shares advanced modestly amid signs of easing Sino-U.S. trade tensions, Beijing’s push to attract long-term capital into equities, and fresh measures to support key industries like machinery, autos, and electrical equipment. Meantime, U.S. futures edged higher ahead of major tech earnings this week. CK Hutchison jumped 2.5% to a 4-1/2-month top, as China COSCO Shipping reportedly eyes joining a global consortium acquiring Li Ka-shing’s overseas ports. Other notable gainers included Sinotruk Ltd. (8.0%), China Hongqiao (3.7%), SMIC (2.8%), and Techtronic Inds. (2.6%).

香港股市在周二早盘下跌82点，跌幅0.3%，至24916点，结束了两天的涨势，在恒生指数前一交易日创下3-1/2年新高后，投资者获利回吐。在8月1日关税最后期限之前，人们也开始谨慎行事，据报道，随着与华盛顿达成协议的希望越来越小，欧盟正在探索更广泛的反制措施。华尔街标准普尔500指数和纳斯达克指数创下历史新高，部分抵消了损失，这是由于对主要科技公司盈利的乐观情绪所驱动的。在当地，尽管电力补贴有所减少，但香港的年通胀率在6月份跌至1.4%的三个月低点。核心通胀率稳定在1.0%，政府发言人指出，国内外价格压力预计将在短期内得到广泛控制。大多数行业交易走低，金融和科技股领跌。早期落后者包括地平线机器人（-3.0%）、力汽车（-2.4%）、斯莫尔控股（-2.3%）和中国银行香港（-2.0%）。

Hong Kong stocks slipped 82 points or 0.3% to 24,916 during Tuesday’s morning session, snapping two-day strength as investors took profits after the Hang Seng hit a 3-1/2-year high in the prior session. Caution also set in ahead of the August 1 tariff deadline, with the EU reportedly exploring broader countermeasures as hopes for a deal with Washington diminish. Losses were partially offset by record highs on Wall Street’s S&P 500 and Nasdaq, driven by optimism ahead of major tech earnings. Locally, Hong Kong’s annual inflation rate hit to a three-month low of 1.4% in June, despite reduced electricity subsidies. Core inflation remained steady at 1.0%, with a government spokesperson noting that domestic and external price pressures are expected to stay broadly contained in the near term. Most sectors traded lower, led by falls in financial and tech stocks. Early laggards included Horizon Robotics (-3.0%), Li Auto (-2.4%), Smoore Holdings (-2.3%), and Bank of China Hong Kong (-2.0%).

香港的年通胀率从上月的1.9%降至2025年6月的1.4%，这是三个月来最慢的速度。经济放缓的主要原因是住房（2.8%对5月份的2.9%）、交通（1.9%对2.2%）、杂项服务（1.0%对1.4%）和电力、天然气和水（1.6%对19.7%）的价格涨幅放缓，以及耐用品价格的大幅下跌（-2.5%对-2.3%）。食品（0.7%对0.4%）、酒精饮料和烟草（1.4%对0.5%）以及杂项商品（1.3%对0.5%）的价格上涨速度加快，部分抵消了下行压力。与此同时，服装和鞋类价格的跌幅有所放缓（-4.1%对-5.3%）。与上月相比，继5月份下降0.3%之后，6月份消费者价格保持平稳。

The annual inflation rate in Hong Kong eased to 1.4% in June 2025 from 1.9% in the previous month, marking the slowest pace in three months. The slowdown was primarily driven by softer price gains in housing (2.8% vs 2.9% in May), transport (1.9% vs 2.2%), miscellaneous services (1.0% vs 1.4%), and electricity, gas, and water (1.6% vs 19.7%), along with a steeper decline in durable goods prices (-2.5% vs -2.3%). The downward pressure was partially offset by faster price increases in food (0.7% vs 0.4%), alcoholic drinks and tobacco (1.4% vs 0.5%), and miscellaneous goods (1.3% vs 0.5%). Meanwhile, the decline in clothing and footwear prices moderated (-4.1% vs -5.3%). On a month-over-month basis, consumer prices remained flat in June, following a 0.3% drop in May.

恒生指数周一上涨168点，涨幅0.7%，收于24994点，在大多数板块上涨的情况下，已连续第二个交易日上涨。消费类、科技类和房地产类股领涨，交易员对中国央行将关键贷款利率维持在历史最低水平表示欢迎，这符合普遍共识。该指数触及2022年2月以来的最高水平，受8月1日关税最后期限前对美欧贸易谈判的乐观情绪提振。美国商务部长卢特尼克表示有信心达成协议，而中国和欧盟定于本周举行高级别会谈，欧盟高级官员定于周四会见习近平主席。北京计划推出行动计划以支持机械、汽车和电气设备增长的消息也提振了市场情绪。与此同时，美国期货在关键科技公司盈利前上涨，但香港股市的涨幅因6月通胀数据前的谨慎而受到限制。涨幅最大的股票包括中国虹桥（4.4%）、中国海外发展（3.0%）和美团（2.8%）。

The Hang Seng rose 168 points or 0.7% to close at 24,994 on Monday, up for the second session amid gains in most sectors. Consumer, tech, and property stocks led the rise, as traders cheered the PBoC’s move to leave its key lending rates at record lows, in line with consensus. The index hit its highest level since February 2022, buoyed by optimism over U.S.-EU trade talks ahead of the August 1 tariff deadline. U.S. Commerce Secretary Lutnick expressed confidence that a deal could be reached, while China and the EU are set for high-level talks this week, with top EU officials scheduled to meet President Xi Jinping Thursday. Sentiment was also lifted by news that Beijing plans to roll out action plans to support growth in machinery, autos, and electrical equipment. Meantime, U.S. futures rose ahead of key tech earnings, though gains in Hong Kong were capped by caution before June inflation data. Top gainers included China Hongqiao (4.4%),China Overseas Land (3.0%), and Meituan (2.8%).