News

Hong Kong stock Xiaomi Group (01810.HK) continues to fall, now down more than 5%.

Minister of Mines of India: India is about to finalize its battery mineral processing plan.

The UK government said on June 22 it is considering requiring social media platforms such as Facebook and YouTube to prioritise content from government-designated reliable news sources, including broadcasters and TV stations,as part of plans to tighten industry regulation,Reuters reported. The government said making reliable news easier to find would help combat misinformation.

The preliminary value of India's services PMI in June was 57.3, which was expected to be 58.8 and the previous value was 59.8.

India's preliminary comprehensive PMI value in June was 57.4, compared with the expected 59 and the previous value of 59.3.

The initial value of India's manufacturing PMI in June was 54.5, which was expected to be 56.2 and the previous value of 55.

Japan's 2-year government bond yield rose 1.0 basis points to 1.415%.

Japan's 20-year government bond yield fell 1.5 basis points to 3.565%.

Deutsche Bank: If the Federal Reserve raises interest rates, the price of gold may fall to $3,800 per ounce.

European Automobile Manufacturers Association: In May, new car registrations in the EU fell by 8.5% for Nissan, 3.6% for Volkswagen Group, 2.6% for Strantis and 1.3% for Hyundai.

European Automobile Manufacturers Association: EU new car registrations increased by 4% between January and May, reaching 4,748,801 vehicles.

European Automobile Manufacturers Association: EU new car registrations increased by 3.2% in May, reaching 955,013 vehicles.

European Automobile Manufacturers Association: The new registration market share of electric vehicles in the EU, UK and European Free Trade Association reached 69.49% in May.

European Automobile Manufacturers Association: Tesla's (TSLA.O) market share in the EU, UK and European Free Trade Association rose to 2.5% in May, and its market share in the pure electric vehicle (BEV) market was 10.66%.

European Automobile Manufacturers Association: Tesla (TSLA.O) new car registrations in the EU increased by 152% in May.

India's NIFTY IT index continued its decline, falling by 1.78%.

Major European and American stock index futures fell, with Nasdaq 100 index futures falling by more than 1%, S&P 500 index futures falling by 0.5%; European Stoxx 50 futures and German DAX index futures fell by 0.7%, and British FTSE futures fell by 0.8%.

Hong Kong stock Alibaba (09988.HK) fell below HK$100, hitting a new low since April 2025, and is now down more than 3%.

Hong Kong stocks opened higher and moved lower, with the Hang Seng Index falling 1% and the Hang Seng Technology Index falling 1.8%.

Most Hong Kong technology and Internet stocks fell, with Tencent Music (01698.HK), Bilibili (09626.HK), and JD.com (09618.HK) falling by more than 4%, Kuaishou (01024.HK) falling by more than 3%, and Xiaomi Group (01810.HK), Alibaba (09988.HK), and Tencent Holdings (00700.HK) falling by more than 2%.