周一，恒生指数上涨168点，涨幅0.7%，收于24061点，扭转了早盘的跌势，实现了三个交易日以来的首次上涨。广州计划放宽购房限制和价格控制后，房地产股领涨。消费者和金融股也走强，由于假期驱动的需求，中国5月份的消费支出激增。在美联储周三做出利率决定之前，美国期货价格的上涨也提振了市场情绪。尽管人们普遍预计央行将连续第四次保持利率稳定，但中东紧张局势加剧和油价上涨可能会抑制短期宽松的前景。在本地，香港交易所旨在吸引东南亚和中东公司进行二次上市。广州富力地产因5月份销售强劲而飙升3.1%，而小米公司（4.6%）、华润置地（4.4%）和快手科技（3.5%）是涨幅最大的公司之一。然而，在一位大股东减持股份后，无锡生物制品股价下跌5.2%。

The Hang Seng rose 168 points or 0.7% to close at 24,061 on Monday, reversing early losses and posting its first gain in three sessions. Property stocks led gains after Guangzhou plans to ease home-buying curbs and price controls. Consumers and financials also strengthened, as China's consumer spending surged in May, due to holiday-driven demand. A jump in U.S. futures also boosted sentiment, ahead of the Fed’s interest rate decision Wednesday. While the central bank is widely expected to hold rates steady for the fourth straight meeting, mounting Middle East tensions and rising oil prices could dampen prospects for near-term easing. Locally, the Hong Kong bourse aims to attract Southeast Asian and Middle Eastern firms for secondary listings. Guangzhou R&F Properties soared 3.1% on stronger May sales, while Xiaomi Corp. (4.6%), China Resources Land (4.4%), and Kuaishou Tech (3.5%) were among the top movers. However, Wuxi Biologics sank 5.2% after a major shareholder reduced its stake.

截至周一午盘，香港股市下跌24点，跌幅0.1%，至23869点，连续第三个交易日下跌，交易员评估来自中国的喜忧参半的数据。5月份，中国大陆的零售额实现了15个月来最快的增长，而工业产出的增长是6个月来最低的，失业率降至6个月以来的最低水平。与此同时，随着以色列和伊朗之间的冲突进入第四天，投资者仍然关注中东紧张局势的加剧。在美联储周三做出利率决定之前，美国期货价格的小幅上涨帮助限制了进一步的损失。尽管特朗普总统敦促美联储主席鲍威尔降息，但预计央行将连续第四次保持借贷成本稳定。消费类和金融类股主要下跌，而房地产类股则上涨，此前最新数据显示，5月份中国新房价格出现13个月来最小跌幅。早盘下跌的包括汉生制药（-1.5%）、美团（-1.0%）和Techtronic Inds。 (-0.7%).

Hong Kong stocks slipped 24 points or 0.1% to 23,869 by midday Monday, down for the third session as traders assessed mixed data from China. Retail sales in the mainland saw their fastest growth in 15 months in May, while industrial output rose the least in six months, and the jobless rate fell to a six-month low. At the same time, investors remained focused on rising tensions in the Middle East as conflict between Israel and Iran entered its fourth day. A modest rise in U.S. futures helped limit further losses ahead of the Fed’s rate decision on Wednesday. The central bank is expected to hold borrowing costs steady for the fourth consecutive meeting, despite pressure from President Trump urging Fed Chief Powell to cut rates. Consumer and financial stocks were mainly lower while property jumped after fresh readings showed China's new home prices shrank the least in 13 months during May. Among early losers were Hansoh Pharma (-1.5%), Meituan (-1.0%), and Techtronic Inds. (-0.7%).

周五，恒生指数下跌143点，跌幅0.6%，收于23892点，延续了第二个交易日的跌幅，因为华尔街期货暴跌，全球市场在当天早些时候以色列对伊朗的军事打击后转为红色。中东紧张局势的升级给已经脆弱的全球市场增加了一层新的不确定性，这些市场仍然受到特朗普总统激进和不可预测的贸易政策的压力。随着大多数行业下跌，该指数从近3个月的高点移开。科技股指数下跌1.7%，地平线机器人（-4.3%）、Trip.com（-3.2%）、中芯国际（-2.3%）和美团（-1.8%）领跌。尽管如此，恒生指数本周仍设法上涨0.4%，这是连续第二周上涨，这得益于本周早些时候贸易谈判中更具建设性的基调后中美关系改善的迹象。与此同时，作为深化资本市场关系的更广泛改革的一部分，北京鼓励在香港上市的内地公司在深圳发行股票。

The Hang Seng fell 143 points or 0.6% to close at 23,892 on Friday, extending losses for a second session as Wall Street futures slumped and global markets turned red following Israel’s military strike on Iran earlier in the day. The escalation in Middle East tensions added a fresh layer of uncertainty to already fragile global markets, which remain under pressure from President Trump’s aggressive and unpredictable trade policies. The index moved away from a near 3-month top, as most sectors fell. The tech index slid 1.7%, led by sharp losses in Horizon Robotics (-4.3%), Trip.com (-3.2%), SMIC (-2.3%), and Meituan (-1.8%). Still, the Hang Seng managed to gain 0.4% for the week, marking its second straight weekly gain, supported by signs of improving China-U.S. relations after a more constructive tone in trade talks earlier this week. Meanwhile, Beijing encouraged Hong Kong-listed mainland firms to issue shares in Shenzhen as part of broader reforms to deepen capital market ties.

香港股市在周五早盘交易中下跌202点，跌幅0.8%，至23831点，这是中东地缘政治紧张局势不断升级之际连续第二个交易日下跌。报道称，以色列周五早些时候对伊朗发动了袭击，因为美国恢复与德黑兰核协议的努力仍然停滞不前。前总统特朗普的新关税威胁进一步削弱了市场情绪，他建议提高汽车关税以刺激国内投资，拖累美国股指期货走低。恒生指数从近三个月的高点进一步回落，受到对中国汽车制造商之间价格战加剧的担忧的压力。汽车股领跌，吉利汽车下跌2.0%，李汽车下跌1.3%。其他主要输家包括普拉达（-4.5%）、中生制药（-4.4%）和阳光光学（-2.5%）。尽管如此，恒生指数仍有望连续第二周上涨，迄今为止上涨约0.2%，这得益于本周伦敦达成贸易框架后中美贸易紧张局势缓和的迹象。

Hong Kong shares lost 202 points or 0.8% to 23,831 in Friday morning trade, marking the second straight session of losses amid escalating geopolitical tensions in the Middle East. Reports said Israel launched a strike on Iran early Friday, as U.S. efforts to revive a nuclear deal with Tehran remain stalled. Sentiment was further dented by a fresh tariff threat from former President Trump, who suggested raising auto tariffs to spur investment at home, dragging U.S. stock futures lower. The Hang Seng pulled back further from a near three-month high, pressured by concerns over a deepening price war among Chinese automakers. Auto stocks led falls, with Geely Auto down 2.0% and Li Auto falling 1.3%. Other major losers included Prada SpA (-4.5%), Sino Biopharma (-4.4%), and Sunny Optical (-2.5%). Still, the Hang Seng is on track for a second straight weekly gain, up about 0.2% so far, helped by signs of easing Sino-U.S. trade tensions after a trade framework was reached in London this week.