From South China Morning Post: 2024-06-07 04:42:20

China’s exports surpassed expectations, but concerns linger over weak domestic demand reflected in minimal import growth of 1.8%. Analysts worry about China’s bumpy economic recovery and the need to address weak demand. Investors await June macro data updates and potential long-term reforms from China’s Communist Party’s third plenum.

Hong Kong stocks are expected to remain rangebound as investors await fresh catalysts, including property market updates and policy reforms. Recent sluggish property data has shown signs of stalling the bull market despite a rescue package for the sector. Li Auto and other tech stocks face competition concerns in the industry.

Three companies made debut in the stock market, with mixed results. Jiangxi Rimag Group and Easou Technology Holdings saw moderate gains, while Ningbo Lian Technology surged 349% in Shenzhen. Major Asian markets saw varied movements, with South Korea’s Kospi and Australia’s S&P/ASX 200 rising, while Japan’s Nikkei 225 slipped slightly.



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