The Development Director of the Harbor Family Office, Guo Jiayao, stated that US stocks showed mixed performance on Monday (the 16th), with Technology stocks standing out as the Nasdaq reached a new high. The three major Indices closed with varied results. The US dollar fluctuated and weakened slightly, while the yield on the US ten-year bond rose to 4.4%. Prices for gold and oil moved downward. HK stocks generally fell in the pre-market trading, and the major market is expected to open lower in the early session.

The mainland stock market fell yesterday, with the Shanghai Composite Index opening high and then declining, closing down 0.2%. Trading volume in both the Shanghai and Shenzhen markets also decreased.

HK stocks moved downward, as the latest economic data from the mainland fell short of expectations, causing market concerns over the weak performance of macroeconomic recovery. The major market fluctuated downwards, with overall trading remaining light. Investors were cautious, with Inflow into the special valuation Sector for defense. The major market is expected to have weak upward momentum in the short term, with Indices possibly testing support at 19,500 points, while resistance is near 20,500 points.

Additionally, XIAOMI-W (01810.HK) announced that its subsidiary, Xiaomi Automobiles, will launch its second car model, 'Xiaomi YU7', expected to officially hit the market in June to July 2025. Xiaomi's founder and Chairman, Lei Jun, hopes that the YU7 test vehicle can be unwrapped from heavy disguise as soon as possible, facilitating more comprehensive and detailed long-term large-scale testing to ensure product quality and create better products. According to the Ministry of Industry and Information Technology News, the body dimensions of the YU7 are 4.999 meters in length, 1.996 meters in width, and 1.6 meters in height, with a wheelbase of 3 meters and a top speed reaching 253 kilometers per hour. It is reported that the YU7 is positioned against Tesla's Model Y. The market estimates the price of the YU7 to be about 10% to 15% higher than that of the SU7, ranging from 0.25 million to 0.33 million yuan.

In fact, Xiaomi's first car model, the SU7, was released in March this year, currently including several models such as the SU7, SU7 Pro, SU7 Max, and SU7 Ultra. The series of electric vehicles has exceeded 0.1 million units delivered, achieving its target ahead of schedule, and the latest target has been raised to an annual delivery of 0.13 million units. The market deeply recognizes Xiaomi's execution and promotion capabilities, driving Xiaomi's stock price to significantly outperform the market this year, with a continued optimistic outlook.

(The author is a licensed person of the SFC, and neither he nor the relevant persons hold the above shares)~