Regulators said Russia plans to announce on June 2 a new round of auctions to sell stakes in gold producer UGC.

The SFC issued a circular urging licensed firms to strengthen cybersecurity to counter emerging threats driven by frontier AI models. It warned that, as AI models evolve rapidly, attacks could become more frequent, more targeted and more sophisticated, potentially causing major operational disruption and material risk to firms, staff and clients. The circular noted Hong Kong recorded a double-digit rise in cyber incidents last year and said firms should enhance controls accordingly.

Swiss National Bank chairman Schlegel said the SNB has not set and is not pursuing a specific exchange-rate target, but its willingness to intervene in FX markets has increased. He said the bank uses its policy rate to secure appropriate monetary conditions and will employ other measures, including FX intervention if necessary, as deteriorating Middle East tensions are putting upward pressure on the Swiss franc.