Baltic Dry Index rises 5.28% to 1,774 in London. $BDRY

🇭🇰HONG KONG 1Q GDP RISES 2.7% Y/Y; EST. +0.8%.
1Q GDP RISES 2.9% Q/Q; EST. +0.9%.

#LME Inventories update:
#Copper -2,100t
#Aluminum ±0t
#Nickel +258t
#Zinc ±0t
#Lead -1,500t
#Tin ±0t

Canceled Warrants:
Copper -525t
Aluminum -88,625t, the most since Feb 2023.
Nickel -42t
Zinc +700t
Lead +4,550t
Tin ±0t

⚡Hong Kong Hang Seng Index $HSI closed up 2.5% to 18,207.13, rebounded by 22% since the January low, entering a bull market.
The Tech Index closed up 4.45%. #Tencent +3.8%, $BABA +2.35%, #Meituna +8.77%, $JD +4.88%.
#China $KWEB $FXI $HXC

The highway collapse in Guangdong province killed 48 people.
#China

Outbound trips by Chinese tourists between April 27 and May 5, which includes the five-day break that started Wednesday, are just 7% below 2019 levels, according to ForwardKeys.
Domestic ticketing has surpassed 2019 levels by 4% for the period.
#China #tourism

AI firm #SenseTime once jumped by over 35%, on track to the longest winning streak since its listing.
*+~170% in the last 8 trading days.
$HSI #China

⚡Hang Seng Tech +3.8%, $HSI +2.1%.

⚡Hang Seng Tech Index rises 1.2%. $HSI +0.9%.
#Tencent +2.1%, $NIO+18.5%, $BYD+3%, #Meituan +5%, $BABA -0.13%.

NIO jumps by over 14% in Hong Kong on Thursday after the April delivery data release.
#NIO $NIO

🇯🇵YEN WEAKNESS EXTENDS, PARING SUSPECTED INTERVENTION SURGE. $USDJPY

On May 1st, China's nationwide railway system sent 20.69 million passengers, setting a new single-day record in history. #China #tourism #transport

Nio delivered 15,620 vehicles in April, +134.6% y/y.
#NIO $NIO

April new-home sales in #China 's top 100 #property developers slumped by 44.9% y/y or 12.9% m/m, CRIC data showed. The monthly performance scale of the real estate industry continues to maintain at a historically low level.

In the 30 key cities, the transaction volumes also fell…