PRE-MARKET CHINESE STOCKS NEWS: Chongqing Iron & Steel (1053 HK) noted the resignation of Vice Chairman Song De An, effective June 3rd
USDA estimates USD 1.8bln potential impact from the outbreak, after New World screwworm was confirmed it a Texas calf, while report noted US cattle ban from Mexico pressures beef prices
PBoC open market operations were at zero for a second consecutive day
PRE-MARKET CHINESE STOCKS NEWS: Chongqing Iron & Steel (1053 HK) noted the resignation of Vice Chairman Song De An, effective June 3rd
PBoC sets USD/CNY mid-point at 6.8203 vs exp. 6.7770 (prev. 6.8184)
TSMC (2330 TT) CEO says confident of Co.'s growth over the next few years
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Baidu (9888 HK) - Co. CFO expects its chip unit to complete a Hong Kong listing within 2026 and expects healthy AI-driven revenue growth over the next few quarters. (Press interview)
Chery Automobile (9973 HK) - Nissan signed a deal with the Co. to study vehicle production at its Sunderland plant in the UK, with production of Chery vehicles potentially starting in FY27. (FT)
Chongqing Iron & Steel (1053 HK) - Co. noted the resignation of Vice Chairman Song De An, effective June 3. (Newswires)
Jiangling Motors (000550 CH) - Co. reported May vehicle production of 34.9k, up 9.7% Y/Y. (Newswires)
Shanghai International Port Group (600018 CH) - Co. reported May container throughput of 4.8mln TEU, up 3.0% Y/Y. (Newswires)
Autos
China May preliminary retail passenger vehicle sales rose 12% M/M (prev. -15%), while it fell 20% Y/Y. (Newswires)
Other News
China May PPI rise is estimated to accelerate to 3.6% Y/Y, amid factors including a low base effect and imported inflation. (China Securities Daily)
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