FITCH RATINGS: APAC RATED AGROCHEMICAL COMPANIES CAN ABSORB NEAR-TERM COST SHOCK

US President Trump stated that it "is fine" if Iran does not participate in the talks in Pakistan. Trump indicated that he will discuss the issue of nuclear weapons with Iran during the talks.

Key News 1. The Hong Kong Securities and Futures Commission (SFC) announced a new regulatory framework allowing the trading of tokenized SFC-approved investment products on the secondary market. Individual Stock News 1. Shenghong Technology (02476.HK) closed up over 58% in grey market trading. 2. China Mobile (00941.HK): Revenue for the first quarter of 2026 reached RMB 266.5 billion, a year-on-year increase of 1.0%; net profit attributable to shareholders of the listed company was RMB 29.3 billion, a year-on-year decrease of 4.2%. 3. Hengrui Medicine (01276.HK): SHR-A1811 was included in the Breakthrough Therapy Product List. 4. Yankuang Energy (01171.HK): First-quarter commodity coal production was 41.55 million tons, a year-on-year decrease of 6.28%. 5. GCL New Energy (00451.HK): Plans to place 127 million shares, raising net proceeds of approximately HKD 131 million. 6. Han's CNC (03200.HK) released its Q1 results: net profit attributable to shareholders was RMB 323 million, an increase of 176.53% year-on-year. 7. Shoucheng Holdings (00697.HK) invested in Chengguan Tourism, which will effectively empower its team building and product R&D and iteration upgrades. 8. Skyworth Group (00751.HK): Skyworth Digital's Q1 net profit attributable to shareholders was RMB 82.8834 million, an increase of 1455.79% year-on-year. 9. China Biopharmaceutical (01177.HK): Bemosubib combined with anlotinib for the treatment of alveolar soft tissue sarcoma received approval for marketing. 10. Tianqi Lithium (09696.HK) issued a profit warning: Q1 net profit attributable to shareholders is expected to be approximately RMB 1.7 billion to RMB 2 billion, an increase of approximately 1530.31% to 1818.01% year-on-year. 11. Xizhi Technology (01879.HK), a provider of optoelectronic hybrid computing power, launched its IPO today, with margin financing oversubscribed by more than 362 times.