PRE-MARKET CHINESE STOCKS NEWS: Chinese RatingDog Services & Composite PMI data eyed
US military says an additional wave of Iranian drones attempting to attack US forces in Kuwait failed to impact intended targets
PBoC open market operations was zero today
PRE-MARKET CHINESE STOCKS NEWS: Chinese RatingDog Services & Composite PMI data eyed
PBoC sets USD/CNY mid-point at 6.8184 vs exp. 6.7673 (prev. 6.8187)
US Deputy Agriculture Secretary says China has started placing orders for soybeans that are being planted right now across the US, according to WSJ
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CK Asset Holdings (1113 HK) - Co. is releasing more ultra-luxury homes at its 21 Borrett Road project, which was previously linked to one of Hong Kong’s largest failed property transactions. (SCMP)
Tencent (700 HK) - Co.’s Tencent Cloud cut prices of DeepSeek-V4 series models by up to 97.5%. (AA Stocks)
Tiger Brokers (TIGR US) - Co. Q1 (USD) operating profit rose 17.5% Y/Y to 47.6mln, rev. rose 26.3% Y/Y to 154.9mln, driven by a 536% surge in Hong Kong trading activity, record HKD 543.7bln in IPO subscription volumes and strong net inflows from Singapore. (SCMP)
Trip.com (9961 HK) - Co. formed a global strategic partnership with China Visa Application Service Center. (AA Stocks)
WuXi AppTec (2359 HK) - Co. repurchased 1.0324mln shares for HKD 155mln. (AA Stocks)
Other News
US Deputy Agriculture Secretary says China has started placing orders for soybeans that are being planted right now across the US. (WSJ)
Chinese Foreign Minister Wang Yi said China hoped for a positive atmosphere to strengthen China-UK ties and deepen cooperation. (Xinhua)
Data Recap
Hong Kong S&P Global PMI (May) 50.4 (Prev. 48.6)
Hong Kong Retail Sales Value YY (Apr) 8.6% vs Exp. 13.8% (Prev. 12.8%)
Hong Kong Retail Sales Volume YY (Apr) 6.4% vs Exp. 11.6% (Prev. 9.8%)
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