U.S. 6-month Treasury auction on June 8 — share allocated at the stop-out yield 95.45%, prior 3.3%.

Frank Benzimra, head of Asia equity strategy at Societe Generale, says markets are currently extremely sensitive to tech-company earnings. The recent rally was driven by repeated upward revisions to profit expectations; if investors question the persistence of those revisions, sentiment can turn quickly. Prior purchases of leveraged ETFs by some investors will amplify losses in a downturn and increase market volatility.

China's Ministry of Natural Resources said on June 8 Xie Haixia, director of the Land and Spatial Planning Bureau, told a State Council policy briefing that planning permit approvals can be simplified or waived for micro urban-renewal livelihood projects — examples cited include elevator retrofits in older residential blocks, pocket parks and community childcare facilities. The ministry also encouraged temporary use of existing or idle land and space without amending long-term plans so long as such use does not affect future plan implementation.