Per HKEX filing, Tencent Holdings (00700.HK) bought back 1.1 mln shares on June 5 at a cost of HKD 500.4 mln.

UBS says global active managers’ China equity allocations have recovered from a Q4 2024 trough of about 5% to roughly 7%, well below a c.15% peak in 2021 and implying sizable scope for further allocation increases. UBS points to improving earnings as the chief support: A-share aggregate profit growth in Q1 rose by more than 7 percentage points, and UBS has lifted its full‑year A‑share earnings growth forecast to 11%. UBS research also flags the renminbi as this year’s most fundamentally supported core currency, forecasting c.3–4% appreciation versus major currencies, which should provide an additional incentive for offshore investors to buy A‑shares.

A Norwegian union said it reached a wage agreement for oil workers and will not stage strike action.