EU to impose further sanctions on Hamas and Palestinian Islamic Jihad.

China Merchants Securities maintains a Buy rating on Kuaishou (01024.HK) and a HK$64 target price, implying adjusted P/E of 15x/13x for FY2026/FY2027. The broker says Kuaishou is at a key inflection as AI-driven content ecosystem reshaping and faster-than-expected commercialization validate its second growth curve. Firm highlights company-wide AI penetration—AI mini-dramas, AI marketing agents and AI e‑commerce search—as continuing to add incremental revenue to legacy businesses. Kuaishou is cash-rich, offering roughly 4% annual shareholder return, and is keeping financial discipline while sustaining AI investment.

Foreign central banks net bought $12.829 bln of US bonds in the week to May 22, reversing net sales of $20.238 bln in the prior week.