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Hong Kong stocks opened lower, with the Hang Seng Index down 0.01% and the Hang Seng Tech Index up 0.22%; Sunny Optical Technology (02382.HK) opened up 3.58% and Meituan (03690.HK) up 2.38%.

2026-06-01

Hong Kong stocks opened lower, with the Hang Seng Index down 0.01% and the Hang Seng Tech Index up 0.22%; Sunny Optical Technology (02382.HK) opened up 3.58% and Meituan (03690.HK) up 2.38%.

Other News
2026-06-01

UK house prices fell 0.6% in May to £278,024, the biggest monthly drop since June last year and the first decline in five months, Nationwide said. Healthy household balance sheets had buffered prices early in the Iran conflict, but momentum is weaken

UK house prices fell 0.6% in May to £278,024, the biggest monthly drop since June last year and the first decline in five months, Nationwide said. Healthy household balance sheets had buffered prices early in the Iran conflict, but momentum is weakening as borrowing costs spike. Wage growth is trailing inflation and higher mortgage rates are tightening affordability. Moneyfacts shows the average two-year fixed mortgage rate at 5.68%, about 0.9 percentage points above its level before the late‑February US and Israeli strikes on Iran. The Bank of England has signaled possible further hikes if inflation persists; money markets price roughly 50bps of tightening by year-end, with traders expecting additional tightening thereafter.
2026-06-01

South Korea preliminary May trade surplus $26.95bn vs. $24.30bn expected; April surplus revised to $23.755bn from $23.771bn.

South Korea preliminary May trade surplus $26.95bn vs. $24.30bn expected; April surplus revised to $23.755bn from $23.771bn.
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