Market hopes for renewed US-Iran negotiations, Hang Seng Index rises by 211 points. AI and chip stocks performed well. Investors optimistic about the future can keep an eye on China Merchants Hang Seng Technology ETF.

Reports indicate that the next round of US-Iran talks may take place this Thursday. Trump also mentioned receiving a call from Iran expressing a desire to reach an agreement, rekindling market hopes for peace talks. Asia-Pacific stock markets rose across the board today, with the Nikkei 225, Taiwan stocks, and Korean stocks up more than 2%. Mainland China announced March export data, showing a year-on-year increase of 2.5%, which was below expectations, but the A-share market expanded gains in the afternoon session, and Hong Kong stocks strengthened simultaneously. The Hang Seng Index opened 268 points higher, rising as much as 334 points at one point, reaching 25,995, approaching the 26,000 level, but faced significant resistance at that level. Gains narrowed repeatedly in the afternoon, with the lowest gain being only 7 points, touching a low of 25,668 points. However, it regained upward momentum following the A-share market and closed at 25,872 points, up 211 points or 0.82%, with a turnover of 236.7 billion HKD. The Hang Seng Tech Index closed at 4,851 points, up 29 points or 0.62%; the H-share Index closed at 8,671 points, up 69 points or 0.81%; among blue chips, 61 stocks rose and 29 fell; southbound capital recorded a net outflow of 2.017 billion HKD.

Pop Mart $POP MART (09992.HK)$ (9992) leads the rise among blue chips today. Renowned investor Duan Yongping, known as the 'Chinese Warren Buffett,' recently expressed bullish sentiment online regarding this stock, stating 'My Pop Mart Insurance Company has officially opened.' The share price surged 9.9 yuan or 6.53% throughout the day, closing at 161.4 yuan, making it the best-performing blue chip of the day.

The first trial of Xu Jiayin's fraud case took place in Shenzhen today, where Xu Jiayin pleaded guilty in court, and sentencing was postponed. Private real estate stocks generally performed well today. Longfor Group $LONGFOR GROUP (00960.HK)$ (0960) rose by 0.44 yuan or 5.74%, closing at 8.1 yuan; Greentown China $GREENTOWN CHINA (03900.HK)$ rose by 0.6 yuan or 7%, closing at 9.18 yuan; China Resources Land $CHINA RES LAND (01109.HK)$ rose by 1.48 yuan or 5.02%, closing at 30.96 yuan; China Resources Mixc Lifestyle $CHINA RES MIXC (01209.HK)$ rose by 2.16 yuan or 4.61%, closing at 49 yuan; Wharf Real Estate $WHARF REIC (01997.HK)$ rose by 0.72 yuan or 3.13%, closing at 23.72 yuan; R&F Properties $R&F PROPERTIES (02777.HK)$ rose by 0.015 yuan or 3.9%, closing at 0.4 yuan; Sunac China $SUNAC (01918.HK)$ rose by 0.03 yuan or 2.9%, closing at 1.07 yuan.

AI stock Unisound $UNISOUND (09678.HK)$ soared sharply today by 92.4 yuan or 32.81%, closing at 374 yuan, becoming the market's focus. Recently, the company announced its annual performance last year, achieving revenue of approximately 1.211 billion yuan, a year-on-year increase of 29%. Gross profit was approximately 437 million yuan, up 19.9% year-on-year. Revenue from large model-related businesses reached 610 million yuan, showing explosive growth of more than 10 times year-on-year. There is news that Samsung has recently completed the HBM thermo-compression bonding machine demonstration test with ASMPT and decided to move forward with the next phase of cooperation. Chip equipment stock ASMPT $ASMPT (00522.HK)$ rose by 7.8 yuan or 6.63%, closing at 125.5 yuan, hitting a new all-time high. For other AI and tech stocks, MINIMAX $MINIMAX-W (00100.HK)$ (0100) fell by 9 yuan or 0.94%, closing at 951 yuan; Zhipu (2513) dropped by 9.5 yuan or 0.99%, closing at 948 yuan; Xunce fell by 16.6 yuan or 4.63%, closing at 341.8 yuan; Deepexi Technology $DEEPEXI TECH (01384.HK)$ fell by 5.8 yuan or 8.17%, closing at 65.2 yuan. Overnight, US software stocks showed strength, also driving the rise of related concepts in Hong Kong stocks, Kingdee International $KINGDEE INT'L (00268.HK)$ rose by 0.56 yuan or 7%, closing at 8.56 yuan; Kingsoft Cloud $KINGSOFT CLOUD (03896.HK)$ rose by 0.49 yuan or 5.87%, closing at 8.84 yuan; Kingsoft Software $KINGSOFT (03888.HK)$ rose by 1.18 yuan or 5.27%, closing at 23.56 yuan.

Technology stocks were generally strong today, Alibaba $BABA-W (09988.HK)$ rose by 1.3 yuan or 1.06%, closing at 124.5 yuan; Tencent $TENCENT (00700.HK)$ rose by 3.2 yuan or 0.65%, closing at 493.2 yuan; Baidu $BIDU-SW (09888.HK)$ rose by 3.7 yuan or 3.45%, closing at 111.1 yuan; Lenovo Group $LENOVO GROUP (00992.HK)$ rose by 0.36 yuan or 3.58%, closing at 10.43 yuan; Xiaomi $XIAOMI-W (01810.HK)$Up 0.22 yuan or 0.72%, closing at 30.88 yuan; Kuaishou $KUAISHOU-W (01024.HK)$Up 0.1 yuan or 0.23%, closing at 45.12 yuan. Meituan $MEITUAN-W (03690.HK)$Launched AI products focused on family health management, 'Little Group Health Manager,' and a paid membership service 'Health Card'; however, the stock price fell 1.35 yuan or 1.56%, closing at 85.1 yuan.

CATL$CATL (03750.HK)$CATL will announce its Q1 earnings for this year tomorrow. According to Bloomberg, CATL is considering a new round of share sale in Hong Kong, aiming to raise up to 5 billion USD. The news weighed on the stock price, with selling pressure surging during trading, at one point dropping over 7%. Ultimately, the stock closed down 22.5 yuan or 3.3%, at 660 yuan. Xinyi Solar $XINYI SOLAR (00968.HK)$Dropped 0.1 yuan or 3.36%, closing at 2.88 yuan, making it the worst-performing blue-chip stock of the day.

As for other individual stocks, Hesai Technology$CIDI (03881.HK)$Hidi Auto Drive was officially included in the southbound capital (Hong Kong Stock Connect) starting from the 9th of this month. Today in the afternoon, its gains rapidly expanded, rising as much as 51.8% during the session, hitting a high of 40.88 yuan, setting a new record. However, the gains narrowed by market close, ultimately rising 4.32 yuan or 16.05%, closing at 31.24 yuan. JD Logistics $JD LOGISTICS (02618.HK)$Rose 0.83 yuan or 5.75%, closing at 15.27 yuan, setting a new all-time high; JD Industrial $JD INDUSTRIALS (07618.HK)$Rose 2.03 yuan or 16.56%, closing at 14.29 yuan; Wuxi Bio $WUXI BIO (02269.HK)$ Up 1.94 yuan or 5.5%, closing at 37.22 yuan; Zijin Mining $ZIJIN MINING (02899.HK)$ Up 1.1 yuan or 3.01%, closing at 37.7 yuan; Luoyang Molybdenum $CMOC (03993.HK)$ Up 0.61 yuan or 3.32%, closing at 18.96 yuan; China Hongqiao $CHINAHONGQIAO (01378.HK)$Up 1.52 yuan or 4.05%, closing at 39.04 yuan; Bank of China $BANK OF CHINA (03988.HK)$ Up 0.07 yuan or 1.39%, closing at 5.11 yuan, hitting a new all-time high; ICBC $ICBC (01398.HK)$ Up 0.05 yuan or 0.72%, closing at 7.03 yuan, also hitting a new high.

Market anticipation of renewed US-Iran negotiations has led to a recovery in tech stocks, with sector activity gradually picking up. Benefiting from favorable news in storage, chips, AI models, and more, some stocks such as Alibaba $BABA-W (09988.HK)$ , BYD $BYD COMPANY (01211.HK)$ , SMIC $CHINA MOBILE (00941.HK)$ have rebounded, and significant capital inflows are starting to return to the tech sector. With the upcoming release of quarterly reports from tech giants, market focus is on commercializing AI investments, free cash flow, etc., which may bring valuation repair opportunities for the tech sector. Investors who remain optimistic about the development of tech stocks and AI-related sectors this year, or those hoping to buy the dip before tech stocks rebound, can consider ETFs tracking the Hang Seng Tech Index, such as China Merchants Hang Seng Tech ETF$ $CMS Hang Seng Tech Index ETF (03423.HK)$ covering internet, electric vehicles, semiconductors, AI, and other new economy sectors. This allows for diversified investment across different tech sectors, reducing the high risk associated with individual stock volatility. The ETF closed today at 8.71 yuan, up 0.07 yuan or 0.81%, making it suitable for medium- to long-term investors optimistic about the future development of the tech sector.

@孫子的末代傳人 @中戶變大戶小牛變大牛 @股海GSO

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