《Economic Information Daily, Special Report on the 9th》Middle East tensions continue, oil prices rise, but overnight U.S. bond yields softened, and overnight European and American stock markets generally fell. Asian markets were generally weak this morning, with Japanese stocks down over 1% and South Korean stocks down nearly 3%. However, Hong Kong stocks stood out, rising 1% and leading Asian markets. Financial and technology stocks rose, driving the Hang Seng Index back above 24,000. The Hang Seng Index is currently at 24,012, up 227 points or 1%, with main board turnover of nearly HK$2.94 billion. The Hang Seng China Enterprises Index is at 8,082, up 71 points or 0.9%. The Hang Seng Tech Index is at 4,125, up 52 points or 1.3%.

　　Financial stocks generally rose; HSBC (00005), after two days of declines, is now up 1.5%, at HK$144.8; AIA (01299) is up 1.8%, at HK$70.5.

　　ICBC (01398) and ABC (01288) announced that they received a notice yesterday from the Shanghai Stock Exchange accepting their applications for issuing A-shares to specific investors. The Big Four banks all rose: CCB (00939) up 1.1% at HK$9.775; ABC up 0.7% at HK$6.48; ICBC up 1.8% at HK$7.52; and BOC (03988) up 1.5% at HK$6.12.

　　Tech stocks strengthened; Alibaba (09988) up 2.2% at HK$106.6; Tencent (00700) up 2% at HK$419.6.

　　In addition, CATL (03750) rose 2.8% to HK$490; Orient Overseas (00316) rose 3.1% to HK$151.

　　However, OpenAI's valuation pressure triggered market concerns over an AI bubble; SMIC (00981) fell 1.8% to HK$55.75; Xiaomi (01810) rose 3.8% to HK$24.56; Hua Hong (01347) fell 4.5% to HK$91.3.
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