(1) Stock Market Highlights

‧ U.S. Market

The U.S. market closed with the Dow Jones Industrial Average up by 228 points or 0.55%, at 41,622 points; the S&P 500 rebounded by 0.13%, at 5,633 points; 

the Nasdaq Composite fell by 0.52%, at 17,592 points; the Golden Dragon Index, which reflects the performance of Chinese concept stocks, slipped by 0.58%.

‧ Hong Kong Market

The Hang Seng Index closed at the day's high, up by 53 points, at 17,422 points, marking a third consecutive trading day of gains. However, 

the total turnover for the day was significantly reduced to just over 47.9 billion yuan. The Technology Index also closed higher by 17 points, at 3,497 points.

‧ Mainland Market

The mainland market was closed for the holiday.

(2) Economic Highlights

‧ The government's statistical office announced that in July of this year, the overall export volume of goods in Hong Kong increased by 8.7% year-on-year,

 while the import volume rose by 6.5%. During the same period, the overall export and import prices of goods increased by 3.9% and 2.8% year-on-year,

 respectively. For the first seven months of the year, the overall export volume of goods in Hong Kong increased by 7.8% year-on-year, and the import 

volume increased by 4.1%; the overall export and import prices of goods rose by 4.1% and 3.7% year-on-year, respectively.

By main destination, the overall export volume to Vietnam, Mainland China, and the United States recorded increases, rising by 20.4%, 16.7%, and 12.2% year-on-year, 

respectively. On the other hand, the overall export volume to Taiwan and India fell by 8% and 27.6%, respectively.

As for imports, the import volume from South Korea, Taiwan, and Mainland China recorded increases, rising by 27.3%, 17.3%, and 8.6% year-on-year, respectively. 

In contrast, the import volume from Singapore and Japan fell by 2.8% and 5.7%, respectively.

‧ The government's statistical office announced that in the second quarter of this year, the total local residents' income of Hong Kong, calculated at current market prices, 

increased by 8.1% year-on-year to 847.5 billion yuan, which was 90.2 billion yuan more than the local GDP for the same quarter, equivalent to 11.9% of the local GDP 

for that quarter, mainly due to the net inflow of investment income.

‧ Over the weekend, the mainland announced that the growth of retail sales, industry, and fixed investment in August slowed down and fell short of expectations. 

Many major banks believe that it will be difficult for the mainland to achieve this year's economic growth target of about 5%. Among them, Morgan Stanley

 and Goldman Sachs have respectively lowered their economic growth forecasts for the mainland this year to 4.6% and 4.7%.

Morgan Stanley stated that the decline in consumer demand and the emergence of a deflationary spiral in the mainland are expected to further slow down 

the mainland's economic growth to 4.4% and 4.2% in the third and fourth quarters, respectively, and have lowered next year's growth forecast to 4.2%.

Goldman Sachs pointed out that real estate-related activities continue to be under pressure, reflecting that the relaxation of property market policies has not been effective.

The general analysis expects the downward trend of the mainland economy to continue.

(3) Corporate News

‧ HKEX (00388) stated that it has obtained regulatory approval to implement trading in adverse weather conditions, and the relevant measures will take 

effect next Monday (23rd). In terms of operational arrangements for trading in adverse weather conditions, securities transactions conducted on the exchange

 or through the exchange (including the Northbound and Southbound trading of the Shanghai-Shenzhen-Hong Kong Stock Connect) will continue to be 

maintained in adverse weather conditions, similar to the situation on regular trading days, and all exchange participants need to continue to 

provide services related to trading in adverse weather conditions.

‧ Citigroup's wealth management head, Sig, said in an interview with Bloomberg Television that he is optimistic about the Hong Kong market and the 

connection between Hong Kong and the Greater Bay Area. He also said that he sees the average number of new customers brought by Hong Kong's bankers, 

which gives the group confidence to recruit more talent in Hong Kong, but did not disclose the number of planned recruits. He also mentioned 

that the group's wealth management development strategy is focused on Hong Kong and Singapore, and that both places have their unique roles.

‧ Alibaba (09988)'s Ali Cloud Disk had a BUG that allowed users to see other users' private photos and videos. In response, Alibaba stated to the 

domestic media that the group's technical staff had fixed it in the first place.