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Market news: Google has received an order from the Indian government to remove the Telegram app from its Play Store due to concerns about medical exam fraud.Qualcomm (QCOM.O) rose 3.3% in pre-market trading after reports that the company is in talks to acquire Tenstorrent.UBS: We expect the Federal Reserve to cut interest rates by 25 basis points each in March and June 2027, compared with our previous forecast of 25 basis point cuts in December 2026 and March 2027.On June 16, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Alan Greenspan, candidate for the next UN Secretary-General, Secretary-General of the United Nations Conference on Trade and Development, and former Vice President of Costa Rica, in Beijing. Wang Yi stated that for 55 years since the Peoples Republic of China regained its legitimate seat in the United Nations, we have always been a supporter and builder of the UN cause. Last month, when China assumed the rotating presidency of the Security Council, I chaired a high-level meeting of the Security Council in New York, where all parties voiced a unified commitment to promoting multilateralism, upholding the UN Charter, and restoring the authority of the UN. The UN Secretary-General bears significant responsibility and international influence, and should adhere to the Charter, possess outstanding capabilities, be fair and upright, and fulfill his duties responsibly. As a responsible major power and a permanent member of the Security Council, China will participate in the election of the next Secretary-General with a constructive attitude, working with all parties to safeguard, revitalize, and strengthen the United Nations.On Tuesday, June 16, the Hang Seng Index closed down 348.72 points, or 1.4%, at 24,493.95; the Hang Seng Tech Index closed down 106.93 points, or 2.24%, at 4,658.65; the H-share Index closed down 135.69 points, or 1.62%, at 8,240.05; and the Red Chip Index closed down 70.78 points, or 1.64%, at 4,250.15.