Hong Kong PCB sector traded higher after choppy moves; Kingboard Laminates (01888.HK) climbed more than 10%, Shenghong Technology (02476.HK) rose over 5% and Kingboard Group (00148.HK) gained over 5%.

通靈股份在互動平臺表示，公司的主營業務爲太陽能光伏組件接線盒及其他配件等產品的研發、生產和銷售，以及汽車內外飾件等汽車零部件產品的研發、生產和銷售。暫未佈局AI功率電感賽道和研發TLVR樣品。

UBS says there is upside risk to its view that the ECB will raise rates only twice this year. UBS expects a 25bp hike on June 11 to 2.25%, in line with market pricing, and does not expect the ECB to consider a 50bp move necessary. Media reports that the ECB may have to "raise rates at least twice" imply a three-hike outcome; markets have partly priced that scenario (56.3bp by Dec 2026). UBS therefore acknowledges upside risk to its two-25bp-hike forecast. It expects the ECB is unlikely to send a strong signal for July; if the ECB signals a July hike, UBS will assess either bringing a September hike forward while keeping total hikes at two, or treating July as one of three hikes, and remains open to both outcomes.