The Hong Kong government published the Stamp Duty (Amendment) (No.2) Bill 2026 in the Gazette, specifying that stamp duty on RMB-counter trades of dual-counter securities will be calculated and paid in RMB. The measure is aimed at boosting turnover and liquidity in RMB counters and reinforcing Hong Kong’s role as an offshore RMB hub; the bill will be tabled for first reading at LegCo on June 10.

Zhongtai Securities: Float glass — 2025 sector revenue and net profit attributable to parent fell YoY 8.3% and 64.2%. Prices remained depressed in 2026Q1, dragging leading producers into loss and sending industry net profit attributable to parent down 140.5% YoY. Most production lines face severe cash‑flow stress; widespread losses are accelerating cold maintenance and reducing operating capacity. Policy push to curb internal overcapacity and tighter environmental constraints — including Shahe coal‑to‑gas retrofits and cleaner conversions of Hubei petroleum‑coke lines — raise restart difficulty, making supply rationalization probable and structural improvement achievable. PV glass — 2025 prices stayed under pressure; sector revenue and net profit attributable to parent fell YoY 13.3% and 37.2%. Prices weakened further in 2026Q1 with larger profit declines. The industry is in deep short‑term losses; more cold maintenance and outlet closures should accelerate supply clearing, with a weak cyclical recovery possible in H2. Market leaders retain a clear profitability edge from cost, scale and overseas bases, with overseas operations an important earnings driver.

Led by chip stocks, South Korea's KOSPI has risen 28% month-to-date.