Foxconn: Will explore cooperation opportunities with SK Group in AI servers, data centers and energy solutions.

Domestic News: 1. The FTSE China A50 Index will include stocks such as GigaDevice and Montage Technology. 2. Doubao announced the launch of a paid professional version, with daily functions free. 3. The Ministry of Foreign Affairs stated that the essence of China-EU economic and trade relations is mutual benefit and win-win cooperation, and we are closely monitoring the relevant developments from the EU. 4. The State Administration for Market Regulation is conducting a special inspection of online catering services, covering 14 platforms. 5. Changqiao Securities announced that it will suspend new opening and additional position trading for all types of securities, including stocks, in mainland China starting June 12. International News: 1. US May ADP nonfarm payroll data slightly exceeded expectations. 2. The Polish central bank has increased its gold holdings by 18 tons in the past month. 3. Zelensky stated his willingness to hold direct negotiations with Putin immediately. 4. Industry groups urged the US government to increase the supply of memory chips. 5. The Indian government clarified that reports of the central bank selling gold are untrue. 6. Bank of Japan Governor Kazuo Ueda stated that continued interest rate hikes are needed to curb inflation. 7. Federal Reserve Beige Book: US economic activity and inflation have both risen in recent weeks. 8. Russia provides its first gold mining output assessment in years, with figures far exceeding expectations. 9. SpaceX officially sets its IPO price at $135, valuing the company at $1.77 trillion. 10. Federal Reserve – Williams: No need for rate hikes or cuts at present. He doesn't believe forward guidance is particularly helpful. Logan: Growing concern that a rate hike may be needed later this year. 11. Middle East Situation – ① US media: How to "compensate" Iran is one of the sticking points in negotiations. ② Iranian Foreign Minister: If Israel invades Beirut, war will resume. ③ Trump: Negotiations with Iran are progressing "very well." An agreement may be reached this weekend. Iran has agreed not to possess nuclear weapons. The naval blockade against Iran may continue until September, but this is unlikely. He is willing to meet with Iran's Supreme Leader. A more moderate firing would be considered a ceasefire. ④ Netanyahu says there are "tactical differences" with Trump, but their core objectives are aligned. ⑤ Trump confirmed that he recently called Netanyahu "crazy." ⑥ Iran outlined a four-phase plan for an agreement with the United States. ⑦ The US House of Representatives passed a resolution limiting Trump's use of force against Iran, but the resolution is highly unlikely to be implemented.

On the 3rd the UN General Assembly elected Austria, Portugal, Trinidad and Tobago and Zimbabwe as non‑permanent members of the UN Security Council. One non‑permanent seat remains to be filled.