China & Diplomacy
- Chinese President Xi Jinping met with Pakistani Prime Minister.
-PBOC Governor Pan met with France C.Bank Governor.
- China on no heavy rare earth exports to Japan for four months: Beijing bans
dual-use exports to Japanese military users and military purposes in accordance
with laws and regulations, with the aim of preventing Japan’s “remilitarization”
and nuclear ambitions.
Technology & Corporate
- Huawei introduced its semiconductor “Tau Law,” projecting that transistor
density for advanced chips based on the framework could reach equivalent levels
to a 1.4-nanometer process node by 2031.
- Unitree will face a Shanghai STAR Market IPO review on June 1.
- Labor union representing non-chip employees at Samsung Electronics applied to
suspend a wage-related vote - Yonhap
Markets & Commodities
- Italy’s stock market hit its first new high in 26 years.
- World’s largest bauxite producer Guinea is set to announce export control
measures in June.
Middle East & US-Iran Talks
Iran
- Iran’s Foreign Ministry said Tehran will not impose transit fees on shipping
through the Strait of Hormuz.
- Iran said a negotiation framework has been reached with the US, though no one
can claim a final agreement is imminent. Tehran also said a potential memorandum
of understanding contains no specific details on Strait of Hormuz management.
- Iran’s Foreign Ministry said there are currently no plans to send a delegation
to Pakistan.
- Iranian media reported neither Tehran nor Washington made commitments on
nuclear issues in the draft agreement.
- Iran’s delegation concluded talks in Qatar and will return to Tehran.
- Mohammad Bagher Qalibaf was re-elected as speaker of Iran’s parliament.
United States
- Trump said negotiations with Iran are progressing well and called on more
Middle Eastern countries to join the Abraham Accords.
- Trump said Iran’s enriched uranium must either be transferred to the US or
destroyed.
- Rubio said Washington and Tehran have developed a “credible plan” regarding
reopening the Strait of Hormuz and Iran’s nuclear program.
- US officials said Washington and Tehran are working to resolve wording
differences related to nuclear issues and sanctions.
