作者：港湾家族办公室业务发展总监 郭家耀Gold News | US stocks fluctuated upward on Monday. The latest Consumer Confidence Index in the USA fell short of expectations, but the market showed improvements, with all three major indices closing with moderate gains. The US dollar remained strong, and the 10-year Treasury yield rose to 4.58%, putting pressure on gold prices, while oil prices remained relatively stable. Hong Kong stocks held steady, with expectations of a moderate rise in the market in early trading. The mainland stock markets declined yesterday, with the Shanghai Composite Index starting high but ending down 0.5%, and trading volume in both the Shanghai and Shenzhen markets increased. Hong Kong stocks performed well, opening higher and climbing close to the 20,000-point mark, though the increase slightly reversed towards the end of trading, with overall volume reduced due to the holiday. The focus on the Chinese special economy continues to garner market attention, helping to stabilize the market performance, with the Index likely to challenge the 20,200-point resistance, supported at the 19,500-point level.
Industry News
Meituan (03690) has reached a strategic cooperation agreement with Walmart China, planning to collaborate deeply in instant delivery, Commodities and Operation, digital customer capabilities, and digital marketing, jointly expanding new momentum for omnichannel retail. Walmart's mainland stores have fully integrated Meituan and its delivery services. Walmart stated that the cooperation reflects a customer-centric strategic origin, aiming to build an online and offline integrated shopping experience that adapts to customer shopping habits through high-quality differentiated products, stable long-term quality-price ratio, and store-centered omnichannel experience, covering multiple scenarios and varying delivery ranges, continuously exploring diversified quality channels, and providing a more convenient shopping experience through multiple touchpoints. Meituan expressed that this cooperation represents a comprehensive and diversified ecological collaboration between omnichannel retail enterprises and Technology retail giants. Both companies have a strong alignment in creating value for users and will continue to deliver the best products and services to consumers. This powerful partnership will help Meituan fully utilize its delivery network advantages, further enhancing user experience and reinforcing platform strengths.
(I am a licensed person of the China Securities Regulatory Commission, and neither I nor any related person holds the above-mentioned shares).
Byline: Gary Kwok, Director of Business Development at Harbor Family Office