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State refiners will hold domestic aviation turbine fuel (ATF) for June at 104,927 rupees per kiloliter (~$1,104), after carriers requested a pause on further increases amid fallout from the Iran war. ATF rose 8.6% in April and was kept stable in May;

2026-06-01

State refiners will hold domestic aviation turbine fuel (ATF) for June at 104,927 rupees per kiloliter (~$1,104), after carriers requested a pause on further increases amid fallout from the Iran war. ATF rose 8.6% in April and was kept stable in May; refiners have reduced international-flight ATF prices to provide additional relief. The government has announced measures including parking-fee rebates and lower departure fuel taxes at Delhi and Mumbai. Airlines remain exposed to rupee weakness, increasing dollar-denominated aircraft lease and overseas airport costs.

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2026-06-01

Hong Kong stocks rose in the morning session; the Hang Seng Index was up 0.87% at the midday close and the Hang Seng Tech Index gained 1.8% after an intraday high of 2.7%. Large-cap techs drove the market: Meituan (03690.HK) +6%+, Tencent Holdings (0

Hong Kong stocks rose in the morning session; the Hang Seng Index was up 0.87% at the midday close and the Hang Seng Tech Index gained 1.8% after an intraday high of 2.7%. Large-cap techs drove the market: Meituan (03690.HK) +6%+, Tencent Holdings (00700.HK) +2.5%, Kuaishou (01024.HK) +2.5%, Alibaba (09988.HK) +2.3%, Xiaomi (01810.HK) +2%. Application software outperformed, led by Kingdee International (00268.HK) nearly +19%. Semiconductor, optical-communications and PCB names underperformed: Tianshu Zhixin (09903.HK) down nearly 12%, Hua Hong Semiconductor (01347.HK) down about 4%, Cambridge Technology (06166.HK) down >8%, Yangtze Optical Fiber and Cable (06869.HK) down >6%, Guanghe Technology (01989.HK) down >8%.
2026-06-01

Shanghai tax bureau invoice data show Jan–Apr 2026 industrial activity remained steady with improving momentum. Industrial sales revenue rose 1.9% YoY; manufacturing sales +1.8% YoY; equipment manufacturing +1.2% YoY. High‑tech industry sales jumped

Shanghai tax bureau invoice data show Jan–Apr 2026 industrial activity remained steady with improving momentum. Industrial sales revenue rose 1.9% YoY; manufacturing sales +1.8% YoY; equipment manufacturing +1.2% YoY. High‑tech industry sales jumped 15.6% YoY and core digital‑economy industries +9.7% YoY. Subsector details: electronic special materials +38.0% YoY, integrated circuit manufacturing +6.5% YoY, robot sales +31% YoY. Data also indicate aerospace equipment manufacturing has been heating since 2023 and remains at a high level this year. The tax bureau said it will continue to optimize tax and fee services and implement targeted tax support to bolster firms, market confidence and Shanghai’s high-quality economic development.
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