Southbound flows were net sellers CNY 3.222 bln today. Via Stock Connect (Shanghai), CNOOC and Alibaba-W saw net selling of HKD 1.437 bln and HKD 746 mln respectively; Kingboard Holdings recorded the largest net buy at HKD 1.488 bln. Via Stock Connect (Shenzhen), Alibaba-W and Tencent Holdings were net sold HKD 1.339 bln and HKD 1.045 bln respectively; Kingboard Laminates led net buys at HKD 2.692 bln.

Caitong Fund Management's Caitong Multi-Strategy Fuxin Periodic Open Flexible Allocation Hybrid Fund (on-exchange name: Caitong Fuxin Open Hybrid; ticker 501046) is trading materially above NAV, showing a large secondary-market premium. The manager warned investors of premium risk and said the fund will be suspended for the full trading day on 18 June 2026. The fund is in a closed period; subscription and redemption remain suspended. Off-exchange holders may transfer shares to on-exchange custody via distributors and sell on the exchange.

Federal Reserve Chair Kevin Warsh said that, based on his observations at the meeting (reflected in the projections), his understanding is that roughly half his colleagues favor lower interest rates and the other half favor higher rates.