香港股市周一早盘飙升495点，至25836点，涨幅近2%，延续了第二个交易日的涨幅，达到近四年来的最高水平。周五，美联储主席杰罗姆·鲍威尔在杰克逊霍尔表示，在劳动力市场疲软的情况下，降息可能是合理的，随后华尔街上涨。基础广泛的上涨提振了市场，恒生科技指数上涨超过2.5%，这是由于DeepSeek推出了由国产芯片支持的升级版V3型号后，人们对人工智能重新持乐观态度。消费者、房地产和金融类股也上涨，此前新华社报道称，中国人民银行今天将通过其一年期多边基金注入6000亿元人民币，以维持国内流动性。尽管如此，在上半年疲软后，中国1月至7月工业利润数据公布之前，市场仍保持谨慎，而香港7月贸易数据也将于本周公布。排名靠前的包括华润置地（4.1%）、中芯国际（3.8%）、快手科技（3.3%）、美团（3.2%）和腾讯总部。 (2.6%).

Hong Kong shares soared 495 points or nearly 2% to 25,836 on Monday morning deals, extending gains for the second session and hitting their highest level in almost four years. The rally followed Wall Street’s advance on Friday after Fed Chair Jerome Powell signaled at Jackson Hole that rate cuts may be warranted amid a weakening labor market. Broad-based gains lifted the market, with the Hang Seng Tech Index climbing over 2.5% on renewed AI optimism after DeepSeek unveiled its upgraded V3 model, supported by domestic chips. Consumer, property, and financial stocks also climbed after Xinhua reported that the PBoC today would inject CNY 600 billion through its one-year MLF to sustain domestic liquidity. Still, caution lingered ahead of China’s January–July industrial profit data following H1 weakness, while Hong Kong’s July trade figures are also due this week. Top movers included China Resources Land (4.1%), SMIC (3.8%), Kuaishou Tech. (3.3%), Meituan (3.2%), and Tencent Hlds. (2.6%).

香港50指数升至25767.00点，为2021年10月以来的最高点。过去4周，香港股市指数（HK50）上涨0.77%，过去12个月上涨44.73%。

HK50 increased to 25767.00 Index Points, the highest since October 2021. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) gained 0.77%, and in the last 12 months, it increased 44.73%.

周五，恒生指数上涨212点，涨幅0.8%，收于25317点，较前一交易日的下跌有所回升，中国内地股市因科技乐观情绪再次高涨而创下十年新高。周四，DeepSeek推出升级版V3 AI模型后，恒生科技指数飙升2.7%，随着北京发展芯片自给自足，该模型得到了国内半导体的支持。在7月份中国经济活动放缓的迹象出现后，消费者股也大幅上涨，寄希望于北京方面出台新的刺激措施。在当地，香港7月份的年度通胀率降至1.0%的4年低点，这是连续第三个月放缓。官员们指出，该市的成本压力保持稳定，预计通胀在短期内将保持温和。涨幅较大的公司包括中芯国际（9.7%）、比亚迪电子（5.9%）、地平线机器人（4.9%）、快手科技（4.3%）和小米公司（2.1%）。本周，该指数上涨0.3%，连续第三周上涨。

The Hang Seng climbed 212 points or 0.8% to close at 25,317 on Friday, rebounding from the prior session’s losses as mainland Chinese markets hit a decade high on renewed tech optimism. The Hang Seng Tech Index surged 2.7% after DeepSeek unveiled an upgraded V3 AI model on Thursday, with support from domestic semiconductors as Beijing develops chip self-sufficiency. Consumer shares also rose sharply on hopes of fresh stimulus from Beijing after signs of slowing Chinese activity in July. Locally, Hong Kong’s annual inflation eased to a 4-year low of 1.0% in July, the third straight month of slowdown. Officials noted cost pressures in the city remained stable and expected inflation to stay subdued in the near term. Notable gainers included SMIC (9.7%), BYD Electronic (5.9%), Horizon Robotics (4.9%), Kuaishou Tech (4.3%), and Xiaomi Corp. (2.1%). For the week, the index added 0.3%, extending gains for the third successive week.

香港股市周五早盘上涨89点，涨幅0.3，至25191点，受大多数板块涨幅支撑。尽管华尔街隔夜疲软，但市场从前一交易日的下跌中复苏，因为投资者谨慎地等待美联储主席鲍威尔在杰克逊霍尔的演讲。在中国经济7月份放缓后，市场对北京出台新刺激措施的希望也有所改善。从9月开始，中国政府将推出为期一年的消费贷款补贴，涵盖90%的利息成本，其余由地方当局提供资金。在当地，香港7月份的年通胀率达到1.0%的4年低点，标志着经济放缓的第三个月。中芯国际上涨5.9%，其次是无锡生物制品（2.9%）、快手科技（2.8%）和小米公司（2.0%）。然而，由于香港失业率在截至7月的三个月内攀升至3.7%，创下2-1/2年来的最高水平，恒生指数将出现三年来的首次单周下跌，迄今下跌约0.4%。

Hong Kong stocks increased 89 points or 0.3 to 25,191 in early trade on Friday, supported by gains across most sectors. The market recovered from the prior session’s losses despite overnight weakness on Wall Street, as investors cautiously awaited Fed Chair Powell’s speech at Jackson Hole. Sentiment also improved on hopes of fresh stimulus from Beijing after China’s economy slowed in July. Starting in September, the Chinese government will launch a one-year consumer loan subsidy, covering 90% of interest costs, with local authorities funding the rest. Locally, Hong Kong’s annual inflation hit a 4-year low of 1.0% in July, marking a third month of slowdown. SMIC gained 5.9%, followed by Wuxi Biologics (2.9%), Kuaishou Tech. (2.8%), and Xiaomi Corp. (2.0%). However, the Hang Seng is set for its first weekly loss in three, down about 0.4% so far, due to a rising jobless rate in Hong Kong that climbed to 3.7% in the three months through July, the highest in 2-1/2 years.