Hang Seng Rally Moderately, with Potential for UpsideHong Kong HS50 CashIG:HANGSENGNouzTraderThe Hang Seng Index (HSI) soared +1.3%, or a 305-point increase, approaching the psychological barrier of 25,000 (precisely at 24,995), extending its record-breaking rally to a fifth consecutive session of gains. Institutional smart money mechanically ignored the release of China's second-quarter GDP data, which slowed by 4.3%, to engage in massive buying following the surprise decline in the US Producer Price Index (PPI) in June. The easing of US upstream inflation legally confirmed the easing of monetary pressures, triggering a massive foreign capital inflow that again hit Hong Kong's internet platform, consumer retail, and financial services stocks. The HSI anchor issuers all led the way this afternoon: - 🔸Pop Mart International ($9992) Soars +4.4%: Leading the lifestyle consumer cluster, it surged after responding to high export sales volumes and the resilient purchasing power of the younger East Asian segment. - 🔸Xiaomi Corp. Soars +3.7% & Meituan Rises +2.9%: Xiaomi was flooded with foreign capital after being accelerated by the recovery in global hardware sentiment, while Meituan led the turnaround in the on-demand platform ecosystem. - 🔸Tencent Holdings ($0700) Soars +2.0% & AIA Group +1.1%: The internet technology giant and the major life insurance institution moved linearly, locking the HSI index position at the upper limit of the monthly high.