Hong Kong stocks closed lower: HSI down 1.22%, Hang Seng Tech Index down 2.71%. Oil & gas equipment and services, heavy machinery and PCB names outperformed; semiconductors, optical communications, OLED and precious metals lagged. MINIMAX-W (00100.HK) and Shenghong Technology (02476.HK) fell more than 8%.

At a State Council policy briefing on June 8, Vice Minister Qin Haixiang said city diagnostic assessments are the basis for urban renewal and must be conducted before projects begin — no renewal without an assessment. The ministry will carry out comprehensive city assessments to identify urgent local problems and weaknesses that undermine urban competitiveness, carrying capacity and sustainability. MOHURD will establish an urban-renewal statistical survey system to monitor local implementation progress and project effectiveness in a timely manner.

Al Arabiya TV reported Israeli Prime Minister Netanyahu will hold a small security cabinet meeting at 11:00 local time (16:00 Beijing time).