At the open in Hong Kong on Monday June 15, the Hang Seng Index (HSI) rose 283.32 points (1.15%) to 25,001.42; the Hang Seng Tech Index gained 83.63 points (1.78%) to 4,788.83; the Hang Seng China Enterprises Index (HSCEI) added 79.78 points (0.95%) to 8,454.21; the Red Chip Index was up 6.83 points (0.16%) at 4,322.64.

Capital Economics says a fragile temporary US-Iran peace deal should lower the near-term risk of more severe macro and market scenarios. Chief economist Neil Shearing warns oil flows via the Strait of Hormuz will take time to normalize as tankers are not yet in position and production and refining capacity remain below full output. The deal will not avert short-term upward pressure on inflation or prevent a hit to global growth in Q3; Capital Economics expects Q3 growth to be below trend rather than a recession. GDP growth outside the Gulf should recover to roughly pre-war levels of about 3% by end-2026 or 2027.

UK Prime Minister Starmer said today the government will ban all children under 16 from accessing social media.