• 2026-06-08 (Mon)   |   11:08
    XPENG-W: No Evidence of Thermal Runaway Found After Data Review of Shandong Vehicle Fire
    Regarding online reports that an XPENG-W (09868.HK) vehicle caught fire in Pingdu, Shandong last Thursday (4th), the company issued a statement saying it immediately conducted an investigation and analysis of the vehicle data at the scene and found no information related to thermal runaway.

    An XPENG-W vehicle in Shandong, according to earlier reports, burst into flames while charging, igniting a courtyard and affecting an area of nearly 100 square meters. No casualties were reported.
    ~

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    Underlyings mentioned in the news article: 17
  • 2026-06-08 (Mon)   |   10:50
    Intl Oil Prices Extend Gains to 3%+ as Israel Launches Attack on Iran
    For the first time since the ceasefire agreement took effect on April 8, Iran launched an airstrike on Israel in retaliation for Israel’s attack on Beirut, Lebanon.

    Israel said it had carried out strikes against Iran, disregarding US President Donald Trump’s request not to take retaliatory measures.

    International oil prices extended gains, with Brent oil futures and New York oil futures both soaring more than 3% to USD96.19 per barrel and USD93.51 per barrel, respectively.

    Trump said he had immediately called Israeli Prime Minister Benjamin Netanyahu, urging him not to take retaliatory action against Iran, as the US and Iran were very close to reaching a final deal.

    Nevertheless, Israel continued to launch airstrikes on central and western Iran, with explosions heard in areas including Tehran. Iran has closed the airspace around Tehran International Airport.
    ~

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  • 2026-06-08 (Mon)   |   10:44
    BABA-W/ Others Reportedly Establish Private Equity Fund with Capital of RMB3.91B
    Changzhi Hanhai (Shanghai) Private Equity Investment Fund Partnership (literal translation of "長智瀚海(上海)私募投資基金合夥企業") was recently established with a capital contribution of RMB3.91 billion, Chinese media reported, citing Qichacha APP.

    Its business scope includes engaging in equity investment, investment management and asset management activities through private equity funds.

    The partnership is jointly held by Changxin Xinju Equity Investment (Anhui), Hangzhou Haoyue Enterprise Management, an affiliated company of BABA-W (09988.HK), and Zhongwei Semiconductor (Shanghai), among others, according to Qichacha’s equity penetration data.
    ~

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    Underlyings mentioned in the news article: 293
  • 2026-06-08 (Mon)   |   10:13
    Jensen Huang: AI-Related Stocks, Now Very Cheap, May Have Greater Upside Ahead
    US semiconductor stocks plunged last Friday (5th). This morning (8th), Samsung Electronics shares once sank below KRW300,000 and last dived more than 7% at KRW305,000, while SK Hynix shares dropped below KRW2 million and were last down 3.86%.

    Jensen Huang, CEO of NVIDIA Corporation (NVDA.US), who is visiting Seoul, said that AI-related stocks are now very cheap and shareholders should be pleased as there could be even greater upside in the future.

    Huang stated that demand for AI will continue to mushroom and that the future is very bright. It has become an established fact that AI will serve as core global infrastructure.

    Earlier, NVIDIA reached a cooperation agreement of more than two years with SK Hynix, which can be extended. Under the agreement, NVIDIA chips will be produced at SK Hynix’s wafer fabrication plants and used by SK Telecom to support AI development.
    ~

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  • 2026-06-08 (Mon)   |   09:39
    Pansy Ho Sells Entire Stake in MGM Resorts Intl (MGM.US); MGM CHINA (02282.HK) Dive 5% This Morning
    Pansy Ho, MGM CHINA (02282.HK) Chairman cum Executive Director, disclosed that she sold more than 3.066 million shares of MGM Resorts International (MGM.US) over five consecutive trading days on May 28-29 and June 1-3, fully exiting her stake and cashing in a total of USD140 million (approximately HKD1.1 billion). Following the disposal, she no longer holds any shares in MGM Resorts International.

    At present, MGM Resorts International and Ho hold 55.95% and 22.49% stakes in MGM CHINA, respectively.

    People Inc., controlled by US media mogul Barry Diller, proposed last week to acquire an additional 24.1% stake in MGM Resorts International (MGM.US) at USD48.3 per share, which would raise its shareholding to slightly above 50% and secure a controlling interest.

    MGM CHINA opened 4.12% lower today, hitting an intraday trough of HKD10.8. It last reported at HKD10.85, down 4.99%, with 9.302 million shares traded, involving HKD106 million in turnover.
    ~

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  • 2026-06-08 (Mon)   |   09:29
    MGTO Director Envisions Visitor Arrivals to Macau to Ascend ~10% This Yr
    The tourism market in Macau is envisioned to remain positive, given traditional summer holiday season entering July, said Macao Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes.

    In the first four months of this year, visitor arrivals to Macau ascended by an average of about 13%, she revealed. The overall growth for the year is projected to be around 10%.

    However, as heavy rain and unstable weather are forecast in the coming weeks, the number of same-day short-haul visitors may be particularly affected. At present, weather conditions may be the only factor impacting visitor numbers.
    ~

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  • 2026-06-08 (Mon)   |   09:12
    ZTO EXPRESS-W Repurchases 223,200 Shrs Last Fri, Involving Nearly USD5M
    ZTO EXPRESS-W (02057.HK) disclosed that the company repurchased 223,200 Class A ordinary shares on the New York Stock Exchange last Friday (5th), at prices ranging from USD22.25 to USD22.56 per share, involving approximately USD4.9955 million.
    ~

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    Underlyings mentioned in the news article: 1789
  • 2026-06-08 (Mon)   |   08:08
    Iran Launches Attack on Israel; Trump Urges Israel Not to Retaliate, as Peace Deal Near
    Iran launched an attack on Israel for the first time since the ceasefire agreement took effect on April 8, in retaliation for Israel’s strike on Beirut. There have been no reports of casualties or property damage so far.

    US President Donald Trump said he would immediately call Israeli Prime Minister Benjamin Netanyahu to urge him not to take retaliatory action against Iran.

    He stressed that the US and Iran are very close to reaching a final agreement, which could be concluded as soon as Monday, Tuesday or Wednesday this week.

    Trump described it as a good deal and said he did not want it to be derailed by the current escalation.

    Trump added that the Iranian missile attack did not hit anyone and expressed hope that Israel would refrain from responding.

    He warned that if Israel retaliates, the situation could drag on as it has over the past 47 years, or even the past 3,000 years.

    International oil prices advanced this morning (8th), with Brent oil futures and New York oil futures both climbing more than 2%, quoted at USD95.44 and USD92.68 per barrel, respectively.
    ~

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  • 2026-06-05 (Fri)   |   20:30
    Non Farm Payrolls for May in the United States is 172K, lower than the previous value of 179K. The forecast was 85K.
    Non Farm Payrolls for May in the United States is 172K, lower than the previous value of 179K. The forecast was 85K.~



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  • 2026-06-05 (Fri)   |   20:30
    Unemployment Rate for May in the United States is 4.3%, unchanged from its last period. The forecast was 4.3%.
    Unemployment Rate for May in the United States is 4.3%, unchanged from its last period. The forecast was 4.3%.~



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  • 2026-06-05 (Fri)   |   17:25
    Jollibee Reportedly Weighing to Shift Potential Spin-off Listing of Intl Biz to HK
    Philippine fast-food chain Jollibee is contemplating to shift the potential spin-off and listing venue of its international business from the US to Hong Kong, Bloomberg reported, citing people with the knowledge of the matter.

    Jollibee has been rapidly expanding its overseas operations, wrestling with McDonald's Corporation (MCD.US) and Yum! Brands, Inc. (YUM.US).

    The company is working with advisers with an aim to complete the listing as early as before the end of next year, people with the knowledge of the matter said.

    They added that the deliberations remain at a preliminary stage and the plans may still change.

    Jollibee’s Manila-listed shares have contracted by about 25% so far this year, reducing its market cap to approximately USD2.5 billion.

    The group currently operates 24 outlets in Hong Kong, where it has strong appeal among the local Filipino community. The group also operates the dim sum chain Tim Ho Wan.
    ~

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  • 2026-06-05 (Fri)   |   16:42
    Spot USD/CNY Adds 56 bps to Close at 6.7712
    Spot USD/CNY added 56 bps to close at 6.7712 today (5th). As of 4:42 pm, USD/CNY in the night session lifted 39 bps. USD/CNH grew 33 bps to 6.7701, 11 bps above USD/CNY.
    ~

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  • 2026-06-05 (Fri)   |   14:48
    JD-SW: HK Investment Breaches HKD35B; 10,000+ Local Jobs Expected to be Created in Next 3 Yrs
    JD-SW (09618.HK) held its 618 Hong Kong launch event. The company stated that its aggregate investment in Hong Kong breached HKD35 billion, having established a comprehensive presence in core businesses in Hong Kong, covering retail, logistics, technology, healthcare and industrial development, providing Hong Kong consumers with both online and offline products and services that are high quality and affordable.

    JD-SW also announced a three-year plan to collaborate with 1,000 leading brands in Hong Kong to establish more than 200 offline stores, which is anticipated to create more than 10,000 jobs and further deepen the Group's business ecosystem in the city.
    ~

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  • 2026-06-05 (Fri)   |   14:35
    Moody’s: Rising Inflation Expectations May Force Fed to Hike Rates
    The US economy may be growing, but that does not mean it is in a healthy state, as growth remains below its potential level, Moody’s Chief Economist Mark Zandi said. Unless growth accelerates, the unemployment rate will rise and labor force participation will decline, ultimately undermining economic expansion.

    He added that a weak labor market is suppressing wage growth. As inflation accelerates, real wage growth has nearly stalled. More concerning, however, is that the Federal Reserve may be unable to cut interest rates to stimulate the economy and support job growth. Tariffs and the Iran war have pushed the inflation rate close to 4%. If inflation expectations continue to rise, the Federal Reserve may raise interest rates even if it results in a full-scale recession.
    ~

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