US personal income rose 0% month-on-month in April, below the expected 0.40% and the previous month's figure revised up from 0.60% to 0.5%.

Individual Stock News 1. Kuaishou (01024.HK): Q1 2026 revenue was RMB 33.716 billion, a year-on-year increase of 3.4%. 2. Kingsoft Cloud (03896.HK): Q1 2026 revenue was RMB 2.7 billion, a year-on-year increase of 37.2%, with public cloud business revenue increasing by 47.5% year-on-year to RMB 2 billion. 3. NIO (09866.HK): ES9 officially launched, with vehicle purchases starting at RMB 498,000 and purchases using the BaaS battery leasing model starting at RMB 390,000. Deliveries began on May 28. 4. Kingsoft Corporation (03888.HK): Q1 revenue was RMB 2.416 billion, a year-on-year increase of 3%; profit attributable to owners of the parent company was RMB 1.091 billion, a year-on-year increase of 284%. 5. Damai Entertainment (01060.HK): Revenue for fiscal year 2026 was RMB 8.024 billion, a year-on-year increase of 20%; net profit attributable to owners of the company was RMB 705 million, a year-on-year increase of 94%. 6. RoboSense (02498.HK): Revenue for the first quarter of 2026 was approximately RMB 459 million, a year-on-year increase of approximately 39.9%; total sales of LiDAR reached 330,300 units, a year-on-year increase of 204.1%. 7. Futu Holdings (03588.HK): Completed a share buyback of approximately US$160 million in American Depositary Shares. Depending on market conditions, further share buybacks may be conducted from time to time under the existing share buyback program. 8. Kanglong Chemical (03759.HK): Plans to invest RMB 3 billion to construct a project with an annual production capacity of 200 tons of pharmaceutical intermediates and APIs. The first phase of the project is expected to be operational in 2028, and the second phase is expected to be operational in 2030. 9. According to information from the Hong Kong Stock Exchange, Duan Yongping and H&H International Investment LLC simultaneously increased their holdings in Pop Mart (09992.HK), bringing their combined stake to 5.69%, triggering mandatory disclosure requirements. 10. R&F Properties (02777.HK): Trading in the company's shares “H16 R&F 5,” “H16 R&F 6,” “H18 R&F 8,” “H18 R&F 1,” and “H19 R&F 2” has been suspended since the market opened on May 28. During this period, the company will fulfill its information disclosure obligations in accordance with regulations and will apply for resumption of trading after the matter is clarified.

U.S. crude oil inventories for the week ending May 22 were -2.819 million barrels, compared to an expected decrease of 4.367 million barrels and a previous decrease of 9.11 million barrels.