China Merchants Securities International: Chinese stock market rises, Hong Kong stocks led by healthcare, information technology, and industrial sector.

Guotai Junan International released a research report stating that the Chinese stock market rose, with Hong Kong stocks in the healthcare, information technology, and industrial sectors leading the gains, while materials, essential consumer goods, and telecommunications lagged behind. There was a net inflow of 1.48 billion Hong Kong dollars in southbound trading, with WUXI BIO (02269), XIAOMI-W (01810), and XPENG-W (09868) seeing the most net inflows. In the A-share market, semiconductors, defense and military industry, and machinery sectors saw the highest gains, while consumer services, daily consumer retail, and optional consumer retail saw the largest declines. The report pointed out that the US stock market continued to rebound, with the industrial, information technology, and communication services sectors leading the gains, while daily consumer goods, healthcare, and optional consumer goods saw declines. The increase in US unemployment data did not affect the expectation of a rate cut this month, but before the release of the heavyweight PCE inflation data, the upward trend in the US stock market slowed down, with the chip index halting its two-day gains. However, NVIDIA (NVDA.US) rose nearly 4% following positive guidance, while the Chinese concept index reversed its two-day decline. Microsoft Corporation (MSFT.US) announced that it will raise the prices of Office software for commercial and government customers starting July 1st next year, with some enterprise packages seeing price increases of over 10%.