Hong Kong tech stocks extended gains: Bilibili (09626.HK) rose more than 8%, Baidu (09888.HK) rose over 7%; JD.com (09618.HK) and Meituan (03690.HK) also climbed.

Internationally 1. RBC Capital Markets remains bullish on gold, predicting more buying interest at $4,000 and below. 2. ING: Moved its expectation for the Bank of Japan's interest rate hike forward from December to October. 3. Gavekal Research: The scenario of Trump pressuring the Fed to cut rates, leading to inflation exceeding 2%, is unlikely. 4. Invesco: Sovereign investors are increasingly focusing on diversification and shifting towards energy assets. Domestic 1. CICC: South Korean stock market leverage is at a historical high, but its relative market capitalization is not extreme. 2. CICC: Certain sub-sectors in the upstream of the AI industry chain are currently a focus. 3. CITIC Securities: While the growth logic for AI computing power remains unchanged, volatility is increasing; caution is advised against chasing high prices. 4. CITIC Securities: The current round of MLCC price increases is expected to last for more than a year. 5. CITIC Securities: The new energy system has been defined, further clarifying the trend of green hydrogen industrialization. 6. China Merchants Securities: Short-term copper prices will focus on two factors; medium- to long-term outlook depends on the evolution of the supply and demand pattern. 7. Huatai Securities: Industrial enterprise profits generally improved in May, but industry differentiation intensified. 8. CITIC Securities: The US dollar is a signal of global K-line divergence. 9. Zhongtai Securities: The subsequent market style will remain driven by technology diffusion rather than a style shift. 10. Huatai Securities: A recovery in the bulk chemical industry is expected; electronic chemicals will benefit from AI and domestic substitution. 11. Huatai Securities Hong Kong Stock Strategy: The siphon effect of existing capital on Hong Kong stock funds may not have ended.

Argentina on the 28th appointed Interior Minister Diego Santilli as chief of cabinet, replacing Manuel Adorni who resigned amid a corruption scandal. Casa Rosada spokesman Adrian Ravier said Santilli will be sworn in at the Casa Rosada on the 30th. The chief of cabinet assists the president in day-to-day government management and coordinates ministries, and is regarded as the government's second‑highest official.