Real-time News

June 2nd - Loud explosions were heard in Kyiv, the capital of Ukraine, in the early hours of June 2nd local time, accompanied by air raid sirens. Kyiv Mayor Viktor Klitschko posted on social media that multiple areas of Kyiv had been attacked, including the Podolskiy and Obolon districts. The Kyiv Military Authority stated that Russian forces were firing ballistic missiles at Kyiv, resulting in one death and 20 injuries. Ukrainian reports indicate that some areas of Kyiv experienced power outages. Currently, Russia has not responded to these claims.

On June 2nd, Alibaba released Qwen3.7-Plus, a multimodal large-scale model in its Qianwen 3.7 series, achieving a new breakthrough in multimodal hybrid intelligent agents. Beyond understanding images and videos, it can also perform deep reasoning, self-programming, tool invocation, verification testing, and autonomous iteration. Currently, Qwen3.7-Plus is available on Alibaba Cloud's Bailian platform, providing API services to external users.

June 2nd – The inaugural meeting of the Express Service Standards Committee (ISO/TC344/SC2) of the International Organization for Standardization (ISO) Technical Committee on Innovative Logistics (ISO/TC344) was held today in Hangzhou, Zhejiang Province. Zhao Chongjiu, Director of the State Post Bureau; Deng Zhiyong, Vice Minister of the State Administration for Market Regulation and Director of the Standardization Administration of China; and He Zhongwei, Vice Governor of Zhejiang Province, attended the meeting and delivered speeches. Chen Kai, Vice Minister of the State Post Bureau, presided over the meeting. In June 2024, at the suggestion of the State Post Bureau, the Standardization Administration of China submitted a proposal to the International Organization for Standardization (ISO) to establish an Express Service Technical Committee. After more than a year, on July 11, 2025, the ISO, following review and voting procedures, decided to establish the Express Service Subcommittee under the Technical Committee on Innovative Logistics (ISO/TC344), with its secretariat located in China.

An Amazon (AMZN.O) spokesperson responded to the Australian Competition and Consumer Commission (ACCC) investigation by saying that the company has implemented a policy prohibiting the sale of magnetic board games, regardless of whether the products are sold in Australia.

On June 2nd, local time, a bear appeared and attacked people in an office building and nearby residential area in Sasakino, Fukushima City, Fukushima Prefecture, Japan, injuring four people. The number of bear attacks on people in Japan has been increasing in recent years. Preliminary statistics released by the Japanese Ministry of the Environment in early April this year showed that from early April last year to the end of March this year, a total of 238 people were attacked by bears nationwide, of whom 13 died, both figures being record highs. Current data from the Japanese government estimates that there are more than 19,000 Asiatic black bears in the Tohoku region and 11,600 brown bears in Hokkaido.

June 2nd - According to foreign media reports, Japanese Prime Minister Sanae Takaichi, in her third phone call with Iranian President Pezechzian, called for safe passage for all ships, regardless of nationality. After a 15-minute call with Pezechzian, Takaichi told reporters, "I strongly urge again that all ships, including those from Japan and other Asian countries, should pass freely and safely through the Strait of Hormuz as soon as possible." In the call with Pezechzian, Takaichi reiterated Japan's position that easing tensions through dialogue is crucial. She expressed hope that Iran would continue to demonstrate maximum flexibility to reach an agreement as quickly as possible. Resource-poor Japan is highly dependent on Middle Eastern oil supplies. The longer the Middle East crisis persists, the greater the potential impact on the Japanese economy.

U.S. stock index futures fell, with S&P 500 futures down 0.5%, Nasdaq 100 futures down 0.75%, and Dow Jones futures down 0.47%.

June 2nd - According to Yonhap News Agency on June 1st, data released by the Korea Automobile Importers Association that day showed that Chinese-made cars ranked third among newly registered imported vehicles in South Korea in April, surpassing Japanese-made cars for the first time in history. The data showed that in April, European-made cars ranked first in new car registrations in South Korea with 16,800 units, followed by American-made cars (13,600 units), Chinese-made cars (2,023 units), and Japanese-made cars (1,974 units). Yonhap News Agency stated that this is the first time Chinese-made cars have surpassed Japanese-made cars in the South Korean imported car market. South Korean media generally regard this ranking as an important signal of a shift in the South Korean imported car market landscape. The *Korea Economic Daily* reported that Chinese car brands are rapidly increasing their presence in the South Korean market.

The SC crude oil futures contract saw its intraday gains narrow to 2.00%, currently trading at 596.50 yuan per barrel.

On June 2nd, it was announced that the revised "Shenzhen Municipal Measures for the Supply and Management of Industrial and Other Industrial Land," spearheaded by the Shenzhen Municipal Planning and Natural Resources Bureau, will come into effect on May 7th, 2026. The measures aim to strengthen land use guarantees for major industrial projects, standardize the management of industrial land supply, and improve the level of efficient and intensive land use. The "Measures" represent a significant achievement in Shenzhen's implementation of comprehensive reform pilot programs and the deepening of market-oriented allocation of factors of production. They also serve as an institutional exploration to address the tight land constraints of a megacity and enhance the management capacity of industrial land.

Nvidia (NVDA.O) CEO Jensen Huang: I believe people should be compensated as much as possible. I will do everything I can to pay my employees high salaries.

Nvidia (NVDA.O) CEO Jensen Huang: The company will use off-the-shelf Arm (ARM.O) technology, rather than custom CPU cores, whenever possible.

Nvidia (NVDA.O) CEO Jensen Huang: Demand for Vera may exceed that for Nvidia’s GPU product line.

On June 2nd, the Zhengzhou Housing Provident Fund Management Center and the Zhengzhou Housing Security and Real Estate Administration Bureau issued a notice to launch a service allowing the pre-withdrawal of housing provident funds to pay for the purchase of existing homes. Zhengzhou housing provident fund contributors who intend to purchase existing homes in Zhengzhou (the eight urban districts) and meet the eligibility requirements for housing provident fund withdrawal can withdraw the housing provident funds of the buyer, their spouse, and co-owners after the "Zhengzhou Existing Housing Sales Contract" is filed. The withdrawn funds will be transferred to the supervision account specified in the "Zhengzhou Existing Housing Transaction Settlement Fund Supervision Agreement".

Hong Kong-listed AI concept stocks opened slightly higher, with Dexter-B (02526.HK) up 7.77%, Pony.ai-W (02026.HK) up 3.68%, and 51Vision (06651.HK) up 1.47%.

On Tuesday, June 2, the Hang Seng Index opened down 3.11 points, or 0.01%, at 25,395.07; the Hang Seng Tech Index opened up 30.91 points, or 0.62%, at 4,995.83; the H-share Index opened up 3.44 points, or 0.04%, at 8,511.31; and the Red Chip Index opened down 5.23 points, or 0.12%, at 4,422.19.