Ken Jie, the head of the investment strategy department at KaiYi Asia, stated that he is currently observing the outcomes of the Third Plenum, and whether there will be more measures introduced in the next one to two weeks, as the strength of policies will affect the pressure on Hong Kong stocks. Regarding the recent volatility of high-yield stocks, he admitted that funds may have locked in profits before the Third Plenum, but current valuations are still worth paying attention to and can be gradually absorbed. In addition, in the Hong Kong technology sector, Tencent (00700) has seen continuous inflow of funds from the mainland recently, with new games being released, expecting improved performance in the second quarter, and currently at a level to follow the trend of northbound capital. As for the recent fluctuations in the AI sector of the US stock market, Ken Jie believes that the sector has accumulated a certain increase, and is currently going through a correction phase, but will remain an investment focus in the next two years. Foreign media describe the market's bet on the return of the Republican Party to the White House, welcoming measures such as tax cuts and tariff increases, as the "Trump trade", traditionally benefiting gold prices and US stock market trends, pushing international gold prices to a historical high of $2483.73 last week and the Dow Jones reaching a record high of 41376 points. Ken Jie pointed out that the pressure on Hong Kong stocks last week prevented Hong Kong gold mining stocks from following the rise in gold prices, but geopolitical factors and rate cuts continue to keep gold prices from peaking in the short term.