Southbound Stock Connect flows were net sellers of RMB 6.792 billion today. Via Shanghai Stock Connect, Alibaba-W and Tencent were net sold HKD 1.98 billion and HKD 1.10 billion respectively; SMIC posted the largest net buy at HKD 1.557 billion. Via Shenzhen Stock Connect, Alibaba-W and Tencent were net sold HKD 1.886 billion and HKD 871 million respectively; Kingboard Laminates led net buys at HKD 835 million.

美聯儲主席沃什：金融市場價格是指導央行家最重要的信息來源。

CITIC Securities says the Fed left policy rates unchanged at the June 2026 meeting, in line with expectations. New Fed Chair Wash shortened the statement and removed forward guidance, urging markets to price on incoming economic data rather than a Fed-provided path while noting data are lagging. The market reaction reflected a hawkish dot‑plot shock plus rising uncertainty that unanchored expectations. With US‑Iran nearing a memorandum that should ease geopolitically driven energy and inflation pressure, and Wash facing White House political constraints, CITIC leans Wash will not support a rate hike this year; the roughly 50-50 FOMC split is likely to converge toward the chair. CITIC therefore maintains its call for the Fed to hold policy rates unchanged through the year.