周三，恒生指数上涨470点，涨幅1.8%，收于26908点，较前一交易日的低迷收盘有所回升，触及2021年7月中旬以来的最高水平，因为人们普遍预计美联储将在今天晚些时候降息，今年可能会进一步放松。科技指数上涨4.3%，反映出对中国人工智能进步的乐观情绪，以及在特朗普总统与Xi周五通话前缓解与美国贸易紧张局势的迹象。香港领导人John Lee在其2025年施政报告中承诺改善民生、吸引新投资、促进旅游业发展以及推进创新和科技基础设施建设后，消费股也大幅上涨。他还首次提出以人民币结算部分政府支出。蔚来汽车因稳健的销售和新SUV的计划而飙升11%，而山东高速因回购计划而上涨17.6%。其他涨幅最大的公司包括中芯国际（7.2%）、美团（5.1%）、快手科技（3.3%）和腾讯控股。 (2.6%).

The Hang Seng jumped 470 points, or 1.8%, to finish at 26,908 on Wednesday, picking up from a subdued close in the previous session and hitting its highest level since mid-July 2021 amid a widely expected Fed rate cut later today and the prospect of further easing this year. The tech index surged 4.3%, reflecting optimism over China’s AI progress and signs of easing trade tensions with the U.S. ahead of Friday's call between President Trump and Xi Jinping. Consumer shares also logged solid advances after Hong Kong leader John Lee pledged in his 2025 policy address to improve livelihoods, attract new investment, boost tourism, and push ahead with innovation and tech infrastructure. He also floated settling some government spending in yuan for the first time. Nio soared 11% on solid sales and plans for a new SUV, while Shandong Hi-Speed climbed 17.6% on a buyback plan. Other top movers included SMIC (7.2%), Meituan (5.1%), Kuaishou Tech. (3.3%), and Tencent Holdings. (2.6%).

香港股市周三早盘上涨189点，涨幅0.7%，至26626点，从前一天的疲软收盘反弹，科技股和消费股上涨提振了市场情绪。基准指数触及四年多来的最高点，此前人们普遍预计美联储将在当天晚些时候降息，今年可能进一步放松。投资者也在等待周五特朗普总统和Xi的通话，此前华盛顿和北京就将TikTok置于美国控制下的框架达成一致。对中国在人工智能、半导体和药物创新方面进展的乐观情绪也提振了市场情绪，有助于抵消对贸易战和美国技术禁令的担忧。与此同时，奇瑞汽车申请在香港进行首次公开募股，筹资高达91.5亿港元。科技指数上涨约2%，中芯国际（4.4%）、美团（4.1%）和快手科技（1.9%）领涨。然而，数据显示，截至8月的三个月里，该市的失业率保持在3.7%的近三年高点，这限制了上涨的空间。

Hong Kong stocks rose 189 points, or 0.7%, to 26,626 in early trade on Wednesday, rebounding from a muted close the day before as gains in tech and consumer shares lifted sentiment. The benchmark index hit its highest in over four years ahead of a widely expected Fed rate cut later in the day and the prospect of further easing this year. Investors also awaited Friday’s call between President Trump and Xi Jinping after Washington and Beijing agreed on a framework to place TikTok under U.S.-controlled ownership. Optimism over China’s progress in AI, semiconductors, and drug innovation also boosted sentiment, helping offset concerns about the trade war and U.S. tech bans. Meanwhile, Chery Automobile filed for a Hong Kong IPO to raise up to HKD 9.15 billion. The tech index jumped around 2%, led by SMIC (4.4%), Meituan (4.1%), and Kuaishou Tech (1.9%). Upside was limited, however, by data showing the city’s jobless rate held at a near three-year high of 3.7% in the three months to August.

在截至2025年8月的三个月内，香港经季节性调整的失业率保持不变，为3.7%，保持在7月份的峰值，为2022年11月以来的最高水平。失业人数增加了6000人，达到三年来的最高点151000人，而总就业人数增加了9300人，达到368万人。几个关键行业的失业率上升，特别是食品和饮料服务业以及制造业。青年失业率（20-29岁）从7月份的7.3%上升至7.8%，为2021年10月以来的最高水平。与此同时，劳动力参与率从57.0%微升至57.2%。展望未来，香港的稳定经济增长和政府刺激消费的措施预计将支持整体劳动力需求，尽管一些行业存在不利因素。

Hong Kong’s seasonally adjusted unemployment rate remained unchanged at 3.7% in the three months ending August 2025, holding at July’s peak, the highest since November 2022. The number of unemployed increased by 6,000 to a three-year high of 151,000, while total employment grew by 9,300 to 3.68 million. Jobless rates rose in several key sectors, notably the food and beverage service sector and the manufacturing sector. Youth unemployment (ages 20–29) rose to 7.8%, the highest since October 2021, from 7.3% in July. Meanwhile, the labor force participation rate edged up to 57.2% from 57.0%. Looking ahead, Hong Kong’s steady economic growth and government measures to stimulate consumption are expected to support overall labor demand, despite headwinds in some sectors.

恒生指数周二收盘时变化不大，在早盘下跌后徘徊在26438点左右。周一华尔街再次创纪录收盘支撑了市场情绪，因为越来越多的人押注美联储将在本周恢复宽松周期，并为进一步降息敞开大门。科技股和消费股的走强有助于抵消房地产和金融股的疲软，同时交易员消化了美国和中国之间的一项框架协议，将TikTok置于美国控制的所有权之下，预计特朗普总统和Xi将在周五的电话会议上最终批准。该指数追踪了收盘时表现低迷的内地股市，中国指责英伟达违反反垄断法后，北京方面希望通过刺激措施来应对新的贸易紧张局势。在企业方面，据报道，腾讯控股计划发行离岸人民币债券。美团（4.4%）、Trip.com（4.2%）、神州国际（3.6%）和吉利汽车（3.1%）上涨，京东健康（-5.8%）、金沙中国（-4.1%）和中国虹桥（-3.0%）下跌。

The Hang Seng ended little changed on Tuesday, hovering around 26,438 after dipping earlier in the session. Another record close on Wall Street Monday supported sentiment, as bets grew that the Fed will resume its easing cycle this week and leave the door open to further cuts. Strength in tech and consumer stocks helped offset weakness in property and financials, while traders digested a framework deal between the US and China to place TikTok under US-controlled ownership, with final approval expected in a Friday call between President Trump and Xi Jinping. The index tracked mainland shares that finished subdued, with stimulus hopes from Beijing countering renewed trade tensions after China accused Nvidia of anti-monopoly violations. On the corporate front, Tencent Holdings reportedly plans to issue offshore yuan bonds. Meituan (4.4%), Trip.com (4.2%), Shenzhou Intl. (3.6%), and Geely Auto (3.1%) rose, while JD Health (-5.8%), Sands China (-4.1%), and China Hongqiao (-3.0%) fell.