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Last Friday, U.S. stocks initially fell before rebounding, as President Trump stated that implementing 100% tariffs on China is not sustainable. The market is hopeful that a meeting between the two countries' leaders will help ease trade tensions, leading all three major indexes to close higher. The U.S. dollar fluctuated upward, with the yield on the ten-year Treasury note rising to 4.01%. Gold prices spiked and then retreated, while oil prices initially fell before stabilizing.

Today, all three major indexes in Hong Kong opened higher, with the Hang Seng Index up 2.52% at 25,884.46 points, the Hang Seng Tech Index rising 3.90%, and the National Enterprises Index increasing by 2.81%. In the market, tech stocks collectively surged, with NetEase rising over 6%, Baidu and JD.com gaining over 5%, and Alibaba, Bilibili, and Kuaishou increasing by more than 4%. Meituan rose over 3%, while Lenovo, Xiaomi, and Tencent saw increases of over 2%. The innovative drug concept opened higher, with WuXi Biologics increasing over 3%. The Apple-related sector also saw gains, with Goertek rising over 5%. Auto stocks rebounded, with NIO rising by over 4%. Chinese brokerage stocks were active, with Shenwan Hongyuan up over 2%. However, gold stocks generally declined, with Zijin Mining International falling more than 3%.