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.

香港制造业产量在2025年第一季度同比增长0.7%，较上一季度的1.0%有所放缓。金属、计算机、电子和光学产品、机械和设备（2.4%对2024年第四季度的3.3%）和杂项制造业（0.7%对2.9%）的产出增长放缓。与此同时，纺织品和服装（0.8%对-0.8%）、纸制品、印刷和记录媒体复制（2.9%对-2.9%）的产量反弹。此外，污水处理、废物管理和修复活动的产出也恢复增长（1.8%对-0.7%）。经季节性调整的季度数据显示，2025年第一季度制造业产出收缩0.5%，扭转了2024年第四季度1.2%的扩张趋势

Manufacturing production in Hong Kong grew by 0.7% year-on-year in the first quarter of 2025, easing from a 1.0% gain in the previous period. Output growth slowed in metal, computer, electronics, and optical products, machinery, and equipment (2.4% vs 3.3% in Q4 2024) and miscellaneous manufacturing industries (0.7% vs 2.9%). Meanwhile, production rebounded in textiles and wearing apparel (0.8% vs -0.8%), paper products, printing, and reproduction of recorded media (2.9% vs -2.9%). In addition, output also returned to growth in sewerage, waste management and remediation activities (1.8% vs -0.7%). On a seasonally adjusted quarterly basis, manufacturing output contracted 0.5% in Q1 2025, reversing a 1.2% expansion in Q4 2024

周四，恒生指数下跌331点，跌幅1.4%，收于24035点，扭转了前一交易日的涨幅，原因是特朗普总统发出新的关税威胁后，美国期货暴跌。就在一天前，中国和美国在缓和紧张局势的会谈中采取了积极的态度。特朗普表示，详细说明新贸易协议条款的信件将在几周内发送给许多国家，他们可以接受或拒绝。市场从近三个月的高点回落，由于许多交易员获利，所有板块均下跌。在5月份CPI数据低于预期后，在当天晚些时候公布美国PPI数据之前，市场情绪也越来越谨慎，尽管预计未来几个月通胀率将上升。在企业方面，金山云的首席财务官将于6月30日卸任。Horizon Robotics在宣布现有股东追加46.7亿港元配售后下跌3.9%。其他明显的输家包括快手科技（-6.1%）、小米（-3.6%）、中芯国际（-2.2%）和吉利汽车（-2.8%）。

The Hang Seng dipped 331 points or 1.4% to close at 24,035 on Thursday, reversing gains from the prior session amid a plunge in U.S. futures following a fresh tariff threat from President Trump. This came just a day after China and the U.S. had struck a positive tone in talks to ease tensions. Trump said letters detailing new trade deal terms would be sent to many countries within weeks, which they could accept or reject. Markets pulled back from near three-month highs, with all sectors down as many traders secured profits. Sentiment was also increasingly cautious ahead of U.S. PPI data later in the day, after softer-than-expected CPI figures in May, though inflation is expected to rise in coming months. On the corporate front, Kingsoft Cloud's CFO will step down on June 30. Horizon Robotics lost 3.9% after announcing a HKD 4.67 billion top-up placement by existing shareholders. Other notable losers included Kuaishou Tech (-6.1%), Xiaomi (-3.6%), SMIC (-2.2%), and Geely Auto (-2.8%).