香港50指数升至25008.00点，为2022年2月以来的最高点。过去4周，香港股市指数（HK50）上涨7.61%，过去12个月上涨43.57%。

HK50 increased to 25008.00 Index Points, the highest since February 2022. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) gained 7.61%, and in the last 12 months, it increased 43.57%.

香港的商业信心从上一季度的-9略有改善，至2025年第三季度的-8。预计商业状况会改善的受访者比例微升至10%（第二季度为9%），而预计情况会恶化的受访者比例保持不变，为18%。对金融和保险的信心增强（第二季度为11比8），对房地产的信心转为积极（3比-11）。制造业（-2比-20）、进出口贸易和批发（-18比-19）、住宿和餐饮服务（-16比-37）以及信息和通信（-9比-17）的情绪也有所改善，但仍然是负面的。相比之下，建筑业（-22比-16）、运输、仓储和快递服务业（-31比-25）以及专业和商业服务业（-14比-6）的市场情绪进一步恶化。与此同时，对零售业的信心从上一季度的4降至-14。

Business confidence in Hong Kong improved slightly to -8 in the third quarter of 2025 from -9 in the previous quarter. The share of respondents expecting business conditions to improve edged up to 10% (vs 9% in Q2), while those anticipating worse conditions remained unchanged at 18%. Confidence strengthened for financing and insurance (11 vs 8 in Q2) and turned positive for real estate (3 vs -11). Sentiment also improved—though remained negative—for manufacturing (-2 vs -20), import/export trade and wholesale (-18 vs -19), accommodation and food services (-16 vs -37), and information and communications (-9 vs -17). In contrast, sentiment deteriorated further for construction (-22 vs -16), transportation, storage and courier services (-31 vs -25), and professional and business services (-14 vs -6). Meanwhile, confidence in retail slipped into negative territory at -14, down from 4 in the previous quarter.

周五，恒生指数飙升327点，涨幅1.3%，收于24825点，扭转了两天来的跌势，因为所有行业都参与了反弹。该指数触及四个月高点，本周上涨2.8%，连续第二周上涨。在北京本周承诺遏制中国企业大规模降价后，内地股市的强劲势头提振了市场情绪。香港科技指数上涨1.7%，在英伟达计划增加中国兼容H20芯片的供应并在市场上推出更先进的芯片后，市场感到乐观。随着美国总统特朗普软化对中国的立场，在8月12日最后期限之前提振了贸易协议的希望，消费者和金融股也获得了稳健的涨幅。值得注意的上涨股包括Smoore Hlds。（5.0%）、汉生制药（3.6%）、农夫山泉（3.5%）和快手科技（2.1%）。在6月创下历史新低后，下周中国央行将调整7月贷款最优惠利率，并预计香港将公布6月通胀数据。

The Hang Seng surged 327 points or 1.3% to end at 24,825 on Friday, reversing two days of losses as all sectors participated in the rally. The index hit a four-month top and climbed 2.8% for the week, marking its second straight weekly gain. Strong momentum in mainland stocks boosted sentiment after Beijing this week pledged to curb massive price-cutting by Chinese firms. Hong Kong’s tech index surged 1.7%, amid optimism after Nvidia planned to boost the supply of China-compliant H20 chips and launch more advanced chips in the market. Solid gains extended to consumers and financials, as U.S. President Trump softened his stance toward China, fueling trade deal hopes ahead of the August 12 deadline. Notable gainers included Smoore Hlds. (5.0%), Hansoh Pharma (3.6%), Nongfu Spring (3.5%), and Kuaishou Tech. (2.1%). Capping further strength were caution ahead of next week’s PBoC move on July loan prime rates, after June’s record lows, and in anticipation of Hong Kong’s June inflation data.

香港股市在周五早盘上涨240点，涨幅接近1.0%，至24734点，结束了两天的跌幅，此前标准普尔500指数和纳斯达克指数在美国零售销售强劲、盈利乐观和人工智能持续乐观的情况下隔夜创下历史新高。恒生指数触及四个月高点，有望连续第二周上涨，迄今上涨2.5%。在美国总统特朗普软化对中国的言论，提振了达成贸易协议的希望后，市场情绪也有所上升。所有板块均上涨，科技、消费和金融板块领涨，因为内地市场的上涨鼓励了新的购买。早期表现最好的包括汉生制药（3.2%）、农夫山泉（3.1%）、中国虹桥集团（2.9%）和招金矿业（1.7%）。然而，数据显示香港失业率在截至6月的三个月内保持在3.5%的两年高位，限制了上涨。在中国央行在5月份将利率维持在历史最低水平以在关税风险下支持经济之后，在下周中国7月LPR定盘之前，人们也更加谨慎。

Hong Kong shares jumped 240 points or near 1.0%, to 24,734 in early trade on Friday, snapping two-day losses after the S&P 500 and Nasdaq closed at record highs overnight amid strong U.S. retail sales, upbeat earnings, and continued AI optimism. The Hang Seng hit a four-month top and is on track for a second straight weekly gain, up 2.5% so far. Sentiment was also boosted after U.S. President Trump softened his rhetoric toward China, boosting hopes for a trade deal. All sectors advanced, led by tech, consumer, and financials, as gains in mainland markets encouraged fresh buying. Early top performers included Hansoh Pharma (3.2%), Nongfu Spring (3.1%), China Hongqiao Group (2.9%), and Zhaojin Mining (1.7%). However, upside was capped by data showing Hong Kong’s jobless rate held at a two-year high of 3.5% for the three months to June. Caution also grew ahead of China’s July LPR fixing next week, after the PBoC held rates at record lows in May to support the economy amid tariff risks.