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Midday News Highlights | Experts: War does not dampen IPO enthusiasm
Total fundraising in Hong Kong this year’s first quarter surpassed 100 billion yuan, increasing nearly fivefold. This paper consolidates views from multiple experts to provide a detailed analysis of second-quarter IPO fundraising conditions, including strategies for applying for new shares.
Ten minutes before the “final ultimatum” issued by U.S. President Trump to Iran expired, Pakistani Prime Minister Shehbaz Sharif posted on a social media platform announcing that Iran, the United States, and its allies have agreed to an immediate ceasefire across all regions, including Lebanon, effective right away.
Hong Kong stocks opened higher and continued higher. Soon after the market opened, the Hang Seng Index regained the so-called Bull-Bear Line’s 250-day moving average (currently at 25151). Led by tech stocks, the Hang Seng Index closed the first half up 705 points.
CK Hutchison (00001)’s Panama Port Company (PPC) announced that it has officially initiated arbitration proceedings against Maersk regarding the subsequent events after the takeover of the container terminal of the Panama Port Company.
Business sentiment in Hong Kong deteriorated. In March, Hong Kong’s Purchasing Managers’ Index (PMI) reversed the streak of expansion for seven consecutive months and fell back into contraction.