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HSBC: Lowered its target price for Alphabet (GOOGL.O) from $435 to $420.

2026-06-02

HSBC: Lowered its target price for Alphabet (GOOGL.O) from $435 to $420.

Other News
2026-06-02

June 2 — The China Automobile Dealers Association said its auto consumption index for May 2026 was 81.0, a slight month-on-month increase, and expects the market to remain broadly stable in June. The association flagged a structural split in June: de

June 2 — The China Automobile Dealers Association said its auto consumption index for May 2026 was 81.0, a slight month-on-month increase, and expects the market to remain broadly stable in June. The association flagged a structural split in June: demand cooling and offline foot traffic falling, while transactions are strengthening. It cited fading holiday stimulus and high temperatures for weaker new demand and lower showroom visits, but said stronger mid-year dealer promotions and conversion of earlier intent orders should lift terminal sales. Overall June volumes are expected to continue a modest upward trend.
2026-06-02

China index futures midday close: main contracts - CSI 300 (IF) +1.42%; SSE 50 (IH) +0.80%; CSI 500 (IC) +0.39%; CSI 1000 (IM) +0.10%.

China index futures midday close: main contracts - CSI 300 (IF) +1.42%; SSE 50 (IH) +0.80%; CSI 500 (IC) +0.39%; CSI 1000 (IM) +0.10%.
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