U.S. President Trump said he did not tell FIFA what to do.

Huatai Securities says near-term focus should be on Hong Kong names that are deeply oversold, carry heavy short interest and show marginal stabilization or improvement in earnings expectations—notably innovative drugmakers and electric utilities—and on high-dividend defensive banks. Innovative-drug fundamentals are still improving; global style rebalancing has triggered catch-up moves and short-covering may continue. Prioritise CXO names with positive guidance and leading drugmakers with strong BD potential. For the AI hardware chain, further near-term increases offer limited risk/reward; the next critical window is the US July earnings season, so adjust exposure according to unrealized gains. AI software is more a source of stock-specific alpha tied to model leadership. On a medium-term view, maintain a balanced allocation between sectors showing accelerating demand and undervalued reversal candidates.

Hong Kong stocks opened higher and extended gains; Hang Seng up 1.00%, Hang Seng Tech up 1.43%. Innovative-drug names led the rally: China Biopharma (01177.HK) up >10%, Rongchang Biotech (09995.HK) up >7%, 3SBio (01530.HK) up >6%.