Mainland A-shares opened higher: Shanghai Composite up 0.09%, Shenzhen Composite Index up 0.46%, ChiNext Index up 0.92%.

China Real Estate Index System 100-city price index: May new-home average 17,156 yuan/sqm, MoM +0.16%, YoY +2.03%. Quality new launches in Shenzhen, Shanghai, Chengdu, Hangzhou and Wuhan supported a continued structural MoM rise. By tier: Tier-1 new-home prices MoM +0.26%, YoY +5.54%; Tier-2 MoM +0.23%, YoY +1.75%; Tier-3/4 MoM -0.14%, YoY -2.60%. Of the 100 cities, 29 recorded MoM gains, 65 declines and 6 were flat.

US 3-month Treasury bill auction on June 1 — percentage of awards at the stop-out rate 44.66%, prior 25.6%.