News

HSI closed up 497.07 points, or 1.96%, at 25807.92 points on July 29 (Wednesday);Hong Kong's Hang Seng Technology Index closed at 4864.73 points, up 134.12 points, or 2.84%, on July 29 (Wednesday); The state-owned enterprise index closed up 187.27 points, or 2.22%, at 8623.52 points on July 29 (Wednesday);The red chip index closed at 4230.41 points, up 78.07 points, or 1.88%, on July 29 (Wednesday).

At the close of Hong Kong stocks, the Hang Seng Index closed up 1.96%, and the KPI closed up 2.84%; automobile stocks led the gains strongly, with Li Auto (02015.HK) rising nearly 10%, Leapmotor (09863.HK) rising 9.5%, and Xiaomi Group (01810.HK) rising nearly 9%.

Ford Motor Co (F.N) rose 3.9% in pre-market trading after the company raised its full-year profit forecast.

European Central Bank: Tracking data shows that wages will rise by 2.7% in the first quarter of 2027.

European Central Bank: Tracking data shows that wages will rise by 2.6% in 2026 and 3% in 2025.

Semiconductor stocks continued their recent decline in pre-market trading, with SK Hynix (SKHY.O) down 1.9%, Micron Technology (MU.O) down 1.6%, SanDisk (SNDK.O) down 2.3%, and Nvidia (NVDA.O) down 0.3%.

The Swiss ZEW Investor Confidence Index for July will be released in ten minutes.

According to the Iranian news agency IRNA: Iranian Foreign Minister Araqchi held a telephone conversation with EU High Representative for Foreign Affairs and Security Policy Karas, during which they reviewed the latest regional and international developments and discussed ways to help ease tensions.

Market news: BMW is offering severance packages to thousands of German employees.

Ukrainian Armed Forces: Russia's Ryazan oil refinery, Black Sea Fleet ship base, radar station and other facilities were attacked.

Spain's IBEX35 index fell by 1.00% on the day.

Japan’s Chief Cabinet Secretary: We will not prejudge the use of reserve funds for earthquake relief.

According to Fox News: The U.S. Senate held a hearing today to discuss the impact of artificial intelligence on the workplace.

Porsche CFO: The cost savings brought about by the restructuring plan will reduce annual costs by hundreds of millions of euros.

Rio Tinto Group's European shares rose 2% after the first-half results were released.

European stocks fell 5.9% after Deutsche Bank announced its results.

Porsche CFO: Negative special effects in 2027 will be lower than this year’s 800 million to 900 million euros.

The statement showed that at least 20 members of the Iraqi Shia militia were killed in air strikes launched by the United States and Saudi Arabia.

The German DAX30 index opened on July 29 (Wednesday), up 42.55 points, or 0.17%, to 25535.14 points;The British FTSE 100 index opened on July 29 (Wednesday), up 47.65 points, or 0.44%, to 1091 8.67 points;The FCHI index opened up 24.15 points, or 0.29%, at 8482.93 points on July 29 (Wednesday);The European Stoxx 50 Index opened up 9.04 points, or 0.14%, at the opening on July 29 (Wednesday). Reported at 6298.55 points;Spain’s IBEX35 index opened down 14.60 points, or 0.07%, at 19712.40 points on July 29 (Wednesday);Italy’s FTSE MIB index opened at 51949.00 points on July 29 (Wednesday), up 250.81 points, or 0.49%.

Hermès shares fell 3.2% after the release of its second-quarter results.