CHINA said at a routine press briefing that Scarborough Shoal is Chinese territory, China has indisputable sovereignty over the shoal and adjacent waters, and any activities there, including scientific research, are legitimate rights of a sovereign state.

June 3, Paris — China’s chief trade negotiator and vice minister Li Chenggang met Swiss Federal President and Minister of Economic Affairs and Education Guy Parmelin to discuss bilateral and multilateral trade issues. The same day Li held talks in Paris with OECD Secretary‑General Mathias Cormann on related trade matters.

After a light open the Hang Seng Index slid more than 200 points, closing the mid-session down 0.81% at 25,048.57; the Hang Seng Tech Index underperformed, down 1.23% at 4,914.07. Market turnover was HKD 149.76 bln. Semiconductors broadly retreated, led by memory chips; autos and power-equipment stocks were among the biggest decliners, while telecom-equipment names outperformed and pharmaceuticals rallied intraday. New listing Tianchen Biotech (01779.HK) gained 44.7%, ZTE Corp (00763.HK) rose 8.53%. Losses included XPeng (09868.HK) -2.71%, Lenovo Group (00992.HK) -5.52%, Montage Technology (06809.HK) -7.68% and GigaDevice (03986.HK) -6.93%.