On June 7, Caixin reported that Hong Kong's three major stock indexes collectively rose this week, with the technology index leading the gains. As of today's close, the technology index has risen 2.21% this week to close at 3772.47 points; during the same period, the Hang Seng Index and the China Enterprises Index rose by 1.59% and 1.84%, respectively, to close at 18366.95 points and 6510.37 points.

It is worth noting that after two consecutive weeks of decline, the Hong Kong stock market rebounded slightly this week. According to the latest research report from Everbright Securities, if future policy effects are apparent, Hong Kong stocks are expected to further rise. Recently, under the force of a combination of policies in China's domestic real estate sector, real estate sales are expected to be boosted, and signs of marginal improvement in China's economic fundamentals are expected to continue. However, uncertainties in overseas factors such as the volatility of US interest rate cuts and the US presidential election in the second quarter will cause some disturbance to the trend of Hong Kong stocks.

CITIC International also pointed out in this morning's opening that the short ratio for the Hang Seng Index, excluding the Tracker Fund of Hong Kong, rose from a low of 11.3% in mid-May to 15.9%, rising for four consecutive days. Investors should be wary of short sellers accumulating positions again.

Some individual stocks led the market

Looking at the individual stocks on the main board of the Hong Kong stock market, Goldstream Investment (01328.HK), Easy Search Technology (02550.HK), CTIHK (06055.HK), and Mongolia Energy (00276.HK) rose by 110.81%, 91.72%, 24.85%, and 22.58%, respectively.

Goldstream Investment announced a strategic cooperation agreement with SenseTime. According to the announcement, both parties will leverage their respective resource advantages to carry out in-depth cooperation in AI + finance, AI ecological construction, and AI overseas expansion to drive more commercial value from artificial intelligence.

Easy Search Technology soared more than 90% on its first day of listing. According to its allotment results, the public offering phase received approximately 114.59 times oversubscription, with a net fundraising of approximately HKD 40.7 million globally and a per-share price of HKD 5.8. The company is a mobile Internet enterprise, with over 90% of its revenue coming from advertising services provided through its digital reading and digital marketing platforms.

CTIHK has benefited from its profit forecasts. CICC stated that CTIHK's earnings forecast is better than expected, mainly due to the rapid growth of its cigarette export business and the continued growth of its tobacco leaf import business. The bank estimates that with the rapid growth of CTIHK's cigarette export business and its own enhanced Alpha, the company's performance in the first half of this year is expected to continue to grow rapidly under the background of high base numbers. The bank is bullish on the company's unique license exclusivity and its scarce value as an international capital operation platform under China Tobacco's ownership, and believes there is potential for multi-business synergy in the long term through internal and external extension.

Mongolia Energy has benefited from the market's bullish view on the follow-up trend of coal prices. According to the research report by Guosen Securities, as the summer peak for electricity approaches, daily power consumption of power plants faces seasonal rebound. The market remains optimistic about summer demand, thus coal prices are expected to continue to rise; however, the high price depends on demand elasticity.

Southbound funds.

This week, southbound funds accumulated inflows of HKD 27.236 billion, of which inflows on Tuesday were the largest at HKD 8.824 billion.

Today's Market

In terms of market performance, gold, shipping, and electrical utilities performed the best, while new energy sectors such as vehicles and photovoltaics weakened.

The European interest rate cut stimulated a rise in gold prices, with Lingbao Gold (03330.HK) rising more than 4%.

Among the gold stocks, Lingbao Gold (03330.HK), SD Gold (01787.HK), and Zhaojin Mining (01818.HK) rose by 4.11%, 3.38%, and 3.14%, respectively.

In terms of news, the European Central Bank announced an interest rate cut as planned, combined with the Canadian Central Bank's announcement of a 25 basis point interest rate cut the previous day. Boosted by this news, international gold prices have continued to rebound over the past two days.

Most shipping stocks rose, and Maersk Line raised its full-year performance

In the shipping sector, Cosco Shipping Development (02866.HK), COSCO Ship Engy (01138.HK), and COSCO Shipping Holdings (01919.HK) rose by 3.60%, 3.17%, and 3.01%, respectively.

On the news front, the strong growth in market demand has driven the continuous short-term rise of the container shipping index in Europe. At the same time, several top shipping companies have recently raised their performance expectations, further enhancing market sentiment for shipping stocks.

Of particular note, global shipping giant Maersk has raised its full-year earnings forecast twice in a month. According to the latest earnings guidance, Maersk expects to raise the basic earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year from $4 to 6 billion to $7 to 9 billion.

Positive news continues to stimulate electric power stocks, Datang International Power Generation (00991.HK) rose more than 4%.

In the electric power sector, Datang International Power Generation (00991.HK), Huadian International Power (00902.HK), and China Power International Development (01071.HK) rose by 4.17%, 4.14%, and 3.85%, respectively.

On the news front, the draft 'Basic Rules for Power Market Registration (Draft for Comment)' issued by the National Energy Administration has been officially released for comments recently. In order to improve key areas of coordination of network development, enhancement of regulation capacity, distribution of power grid resources, and optimization of new energy utilization targets, measures have been proposed to do a good job in absorption.

CITIC Securities stated that the electric power spot market will be a suitable solution for new energy characteristics and can promote new energy absorption through the coordination of four paths for predictable, sent-out, stored and consumed. The brokerage suggests focusing on investment opportunities in electric power infrastructure, regulating resources and electric power IT.

Most auto stocks adjusted, NIO Inc. (09866.HK), Great Wall Motor (02333.HK), and Guangzhou Automobile Group (02238.HK) fell by 7.16%, 3.95%, and 1.26%, respectively.

In the auto sector, NIO Inc. (09866.HK), Great Wall Motor (02333.HK), and Guangzhou Automobile Group (02238.HK) fell by 7.16%, 3.95%, and 1.26%, respectively.

On the news side, China Passenger Car Association data showed that preliminary statistics for May 1-31, the passenger vehicle market retailed 1.685 million, a decrease of 3% year-on-year, an increase of 10% month-on-month. In the same period, the new energy vehicle market retailed 790,000, up 36% year-on-year and 17% month-on-month.

Photovoltaic solar energy stocks weakened, Trina Solar Co., Ltd. (00968.HK) fell nearly 6%.

Among photovoltaic solar energy stocks, Trina Solar Co., Ltd. (00968.HK), Xinyi Glass (00868.HK), and Flat Glass (06865.HK) fell by 5.94%, 5.44%, and 4.34%, respectively.

In addition to overseas news, two major leaders in the industry, Longi Green Energy and Trina Solar Co., Ltd., have both announced production suspension in Southeast Asia. Regarding the rumors, Longi Green Energy responded to a reporter of the Star Market Daily that the industry environment is complex, and the company continues to gain insight and assessment of global photovoltaic markets and policies and other critical factors.

News and fluctuations in individual stocks.

East Buy ended its five-day decline, with Yu Minhong's apology leading to a rebound of more than 2% in the stock price.

East Buy (01797.HK) rose 2.41%, after the stock price had declined for five consecutive days. On the news front, New Oriental's founder and CEO of East Buy, Yu Minhong, issued an open letter apologizing to East Buy's customers, shareholders, and investors. He said that the chaos created by East Buy was just a humble expression between friends. Regarding his statement of 'staying away from disputes and living the life he wants', Yu Minhong apologized for such an imprecise expression. In addition, he stated that his biggest wish in life was to transcend disputes and travel the world, but that did not mean he was no longer responsible for the management of East Buy and New Oriental.

Brilliance Chi rose nearly 5%, planning to announce a special dividend in the near future.

Brilliance Chi (01114.HK) rose 4.80%, closing at 6.98 points. On the news front, Brilliance Chi announced that it would hold a board meeting on June 14 to consider and approve the announcement and payment of special dividends to shareholders whose names appear in the company's shareholders' register. Prior to this, Deutsche Bank released a research report stating that although investors were still concerned about Brilliance Chi's long-term sustainable dividend policy and proprietary business, the bank expects that as the shareholder return plan becomes clearer, its risk-return will slightly improve.