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The Hang Seng Tech Index fell further to 2%, while the Hang Seng Index is currently down 1.25%.June 3 – On June 1, 2026, Vice Minister of Finance Liao Min met with the International Monetary Fund (IMF) Article IV Interim Consultation Group at the Ministry of Finance. The two sides exchanged views on issues of common concern, including cooperation between China and the IMF, Chinas economic situation, and fiscal policy.According to Japans Kyodo News, Toyota will resume operations at 13 manufacturing plants in Japan on Wednesday evening.Hong Kong-listed tech stocks collectively retreated, with Bilibili (09626.HK) falling nearly 4%, Meituan (03690.HK) and Kuaishou (01024.HK) falling more than 3%, and Alibaba (09988.HK) and Tencent Holdings (00700.HK) falling more than 2%.June 3rd - The China Railway Shanghai Bureau Group Co., Ltd. recently released the passenger transport plan for the 2026 Dragon Boat Festival holiday in the Yangtze River Delta region. This years railway transport period for the Dragon Boat Festival holiday is from June 18th to 22nd, a total of 5 days. During this period, the Shanghai Railway Group expects to transport 17.45 million passengers, with an average daily passenger volume of 3.49 million, representing an 8% year-on-year increase. The peak passenger flow is expected on the Dragon Boat Festival itself (June 19th), with an estimated 4.2 million passengers, potentially setting a new record for single-day passenger volume during the Dragon Boat Festival holiday.

The Dow Futures drop following a strong week

Charlie Brooks

Jul 11, 2022 10:59

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After major benchmark indexes completed the week higher, U.S. stock futures dropped during Sunday evening trade as investors anticipated company earnings reports and important inflation data.


By 7:00pm ET (11:00pm GMT), the Dow Jones Futures were down 0.2 percent , the S&P 500 Futures were down 0.3 percent , and the Nasdaq 100 Futures were down 0.4 percent .


Ahead this week, market participants will concentrate on new CPI data, with the inflation rate predicted to hit 8.8 percent, the highest level since December 1981. Investors will examine, among other data releases, retail sales, manufacturing production, Michigan consumer mood, NFIB Small Business Optimism, consumer inflation expectations, producer pricing, export and import prices, and the New York Empire State Manufacturing Index.


PepsiCo Inc (NASDAQ:PEP) and Delta Air Lines Inc (NYSE:DAL) are scheduled to report earnings on Tuesday and Wednesday, respectively, while JPMorgan Chase & Co (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) are scheduled to report earnings later in the week.


During trading on Friday, the Dow Jones Industrial Average sank 46.4 points, or 0.2 percent, to 31,338.2, the S&P 500 finished 0.3 points, or 0.1 percent, down at 3,894.4, and the NASDAQ Composite climbed for the sixth consecutive day, adding 14 points, or 0.1 percent, to 11,635.3. The Dow rose 1.4 percent for the week, while the S&P 500 climbed 2.7 percent and the NASDAQ gained 6.1 percent .


On the bond markets, 10-Year United States rates jumped to 3.08 percent.


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