Real-time News

HSBC raises its target price for Zoom (ZM.O) from $107 to $133.

June 2nd - Data from the China Passenger Car Association (CPCA) shows that in May 2026, the estimated wholesale volume of new energy passenger vehicles by domestic automakers reached 1.36 million units, representing a year-on-year and month-on-month increase of over 11%, achieving double-digit growth and indicating an initial recovery trend in the new energy vehicle sector. Affected by the disruption to navigation in the Strait of Hormuz, domestic retail prices of refined oil products have seen two rounds of increases, with a cumulative increase of nearly 400 yuan/ton. This has significantly raised the cost of fuel-powered vehicles, suppressing demand for traditional fuel vehicles and putting overall pressure on the weak auto market. New energy vehicles have become the core growth highlight of the market.

China Passenger Car Association: Tesla sold 85,982 vehicles in China in May.

Stellar (STLA.N) CEO: By 2035, the company will produce 2 million cars annually on the all-new STLA ONE platform.

On June 2nd, the Global Chip LOF (Listed Open-Ended Fund) announced that, to protect investors' interests, trading in the fund will be suspended from the opening of the market on June 3rd, 2026, and will resume at 10:30 AM on June 3rd, 2026. Redemption services will continue as usual during the suspension period. If the premium of the fund's secondary market trading price does not effectively decline on June 3rd, 2026, the fund has the right to apply to the Shanghai Stock Exchange for temporary intraday trading suspension, extension of the suspension period, or continuous suspension to warn the market of risks. Specific details will be announced at that time.

Meta Platforms (META.O): "Restricted content settings" will also be rolled out on Facebook and Messenger later this year.

Meta Platforms (META.O): New content settings for accounts aged 13 and up are now rolling out globally on Instagram, Facebook, and Messenger.

Hyundai's U.S. sales in May reached 87,468 units, up 3% year-over-year.

Brussels Airport: The airspace will be closed from 2:15 p.m. on Tuesday due to an unannounced strike.

S&P Global Market Intelligence: The ITraxx European Cross Index fell to 258 basis points, a three-month low.

Bank of Montreal: Lowered its price target for FedEx (FDX.N) from $410 to $340.

European Council President Costa: Albania has made rapid and concrete progress on its path to EU accession. With us preparing for this Friday's EU-Western Balkans summit, now is the time to further advance the enlargement process.

Wells Fargo raised its price target for Hewlett Packard Enterprise from $26 to $67.

Russian authorities say the fire at the Irsky oil refinery has been extinguished.

On June 2, Agile Group (03383.HK) announced on the Hong Kong Stock Exchange that the total pre-sale amount of the Company and its subsidiaries, together with the Group's joint ventures and associates and real estate projects managed by the Group and sold under the "Agile" brand, in May 2026 was approximately RMB650 million, corresponding to a gross floor area of approximately 58,000 square meters; the average price was RMB11,193 per square meter.

According to SEC filings, Alphabet, Google's parent company, has applied to issue up to 150 million Series B depositary shares, with a planned total issuance of $15 billion in Class A ordinary shares and Class C capital shares.

Commerzbank: Lowered its year-end 2026 silver price forecast to $80 per ounce, down from $90 previously. It also lowered its year-end 2026 platinum price forecast to $2,100 per ounce, down from $2,300 per ounce previously.

On June 2, Agile Group (03383.HK) announced on the Hong Kong Stock Exchange that the total pre-sale amount of the Company and its subsidiaries, together with the Group's joint ventures and associates and real estate projects managed by the Group and sold under the "Agile" brand, in January 2026 was approximately RMB540 million, corresponding to a gross floor area of approximately 54,000 square meters; the average price was RMB10,037 per square meter.

British Defense Secretary: Putin's indiscriminate attacks on Ukraine are shocking. Ukraine has inflicted heavy losses on Russia on the battlefield. Britain will firmly support Ukraine.

According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 234,600 shares on June 2, at a cost of HK$104.1 million.