日本首相高市早苗：美伊協議是實現持久平靜的重要一步。

Reports the US and Iran are close to a peace agreement and a continued US stock rally supported risk appetite; China Golden Dragon index rebounded. Hang Seng opened 283 pts higher at 25,001, peaked at 25,047 (+329) and later saw gains narrow to +92 with a low of 24,811. At midday the Hang Seng was up 0.45%, the Hang Seng Tech index was up 0.92%, and turnover was HKD 159.1 billion. Sector movers: recent AI listings, PCB and semiconductor names, computer equipment, precious metals and airlines led gains; oil & gas, coal and aluminium names pulled back; tea beverages, education and sporting-goods sectors underperformed. Selected stocks: LiuliuMei (06658.HK) surged ~189% on debut; Zhipu (02513.HK) +28%; COSCO Shipping Energy (01138.HK) +18.5%; Huiju Technology (01729.HK) and Kingboard Laminates (01888.HK) each +15%+. Aluminum Corp of China (02600.HK) fell >8.5%; ENN Energy (02688.HK) down ~6%.

Eurozone industrial output rose 0.1% MoM in April as firms rushed to fill orders amid fears of price rises and supply disruptions from the Middle East conflict, Eurostat said; March was revised up to +0.4% MoM. Energy shocks are expected to weaken future output: in May input prices rose at the fastest pace in 3½ years and S&P Global’s eurozone manufacturing PMI cooled from 52.2 in April to 51.6. The industrial hit is likely to drag on Q2 growth; the economy showed recessionary signs after Q1 GDP contracted 0.2% QoQ following a 0.2% expansion in the prior quarter. News of a US‑Iran temporary deal to reopen the Strait of Hormuz could ease pressures on energy‑intensive sectors. Deutsche Bank chief economist Joerg Kraemer said a rebound is premature and expects alternating good and bad news over the next two months; Deutsche Bank still forecasts 0.6% growth for the eurozone this year.