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Hong Kong stocks fell on the day, with the Hang Seng Index closing down 156 points as auto shares came under pressure, while Tencent’s HK$500 million share buyback provided some support.

Tencent bought back 1.154 million shares for HK$500 million, reinforcing its ongoing capital-return strategy.
Hong Kong’s first-quarter GDP grew 5.9% year on year, showing strong economic expansion.
HKEX plans to launch the final phase of its integrated fund platform in the fourth quarter, further upgrading market infrastructure.
The Hang Seng Index fell 156 points while the Hang Seng Tech Index also declined, though several small-cap and thematic stocks hit new highs.
Mainland China’s 16–24 urban youth unemployment rate excluding students fell to 15.6%, the lowest in nearly a year.
China’s A-share market rose strongly, with Shenzhen and ChiNext reaching multi-year or record highs.
Seven ministries issued a platform-economy cooperation plan, signaling stronger policy support for sharing data, technology, and resources.
China also unveiled a three-year decarbonization plan for nine major industries, creating a large green-investment theme.
AI remains the dominant investment and industrial theme, driving gains in semiconductors, copper foil, AI glasses, and smart vehicle development.
Hong Kong will introduce 5-year RMB bond futures, supporting offshore RMB markets and improving RMB asset attractiveness.

Japan’s stock market hit a new record high, with the Nikkei jumping 1,103 points to 72,353 on strong AI and semiconductor shares.

Former Fed Chairman Alan Greenspan has died at age 100.
The yen weakened into the 161-yen range amid ceasefire uncertainty and safe-haven dollar buying.
The Nikkei hit a new record high for the sixth straight session, led by AI and semiconductor stocks.
FamilyMart introduced cash-top-up ATMs for cashless payments in Kansai, starting in Kyoto.
Police arrested six Chinese nationals over an attempted smuggling of about 49 kg of gold hidden in dolls.
Market concern is growing over continued yen weakness and the limited effect of possible intervention.
An Expo recreation event in August will feature VR experiences and androids, with ticket sales starting in July.
Bank profits may rise from a BOJ rate hike, but some warn of weaker growth and worsening employment.
EPA negotiations with South America could help secure alternative supplies of oil and critical minerals.
The Japanese government will improve labor conditions for anime creators through new fair-trade guidelines.

OKX and NYSE partnering on a joint venture to bridge traditional finance and crypto markets is the most significant crypto market event, signaling deeper institutional integration.

Anchorage is launching a tokenized deposit platform to help banks move onchain.
MoneyGram is becoming a validator on Solana as part of its stablecoin payments strategy.
OKX and NYSE are forming a joint venture to connect traditional finance with crypto markets, led by Andrew Cuomo.
Bitmine bought another $92 million of ETH, while Tom Lee continues to argue that a “crypto spring” is underway.
JPMorgan says the Bitcoin mining sector is now more exposed to price volatility.
Strategy increased its Bitcoin holdings by $35 million and also added $300 million to its cash reserves last week.
Baillie Gifford is introducing a tokenized fund tied to Solana and Ethereum with BNY.
Bitcoin ETF outflows are easing, but a new market headwind is starting to build.
Even as Bitcoin and altcoins rise, derivatives markets suggest traders remain doubtful the rally will last.
The Bank of England has softened its stance on stablecoin limits, while setting a $50 billion issuance cap.

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