A Reuters survey of 56 economists found 44 expect the Reserve Bank of India to hold the repo rate at 5.25% on June 5.

Hong Kong stocks opened higher, pulled back, then accelerated into the noon session. Hang Seng Index closed up 1.11% at 25,282.84; Hang Seng Tech Index closed up 1.66% at 4,969.94. Internet and tech names led a rebound; property stocks also gained. Semiconductor names slid and auto stocks fell. Notable movers: Lenovo Group (00992.HK) +24%, Country Garden (02007.HK) +19%, Yangtze Optical Fibre & Cable (06869.HK) and Zhipu (02513.HK) up more than 11%, Lenovo Holdings (03396.HK) +12.7%, Sunac China (01918.HK) and Xinda Biotech (01801.HK) up over 10%, Pop Mart (09992.HK) +9.4%, Baidu (09888.HK) +8.4%, Sunny Optical Technology (02382.HK) +7.8%. Decliners included Dipu Technology (01384.HK) down over 11%, Horizon Robotics (09660.HK) and Lanqi Technology (06809.HK) down about 9%, GigaDevice (03986.HK) -5.6%, Li Auto (02015.HK) -4.8%, NIO-SW (09866.HK) -3.5%.

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