Hong Kong Stocks This Morning

1. Xinyi Energy (03868) rose more than 5% again. According to news, Xinyi Energy and Xinyi Solar jointly announced that the application materials for a proposed listing in China have been submitted to the National Development and Reform Commission. The solar power farm infrastructure REIT is planned to be listed on a Chinese stock exchange, pending regulatory approval and exemptions.

2. $CSPC PHARMA(01093.HK) rose more than 3%. On June 5, CSPC Pharmaceutical Group announced that the adenosylcobalamin capsule (0.5mg) ("the product") developed by the group has obtained the drug registration approval from the National Medical Products Administration of China and is deemed to have passed the consistency evaluation of generic drug quality and efficacy.

3. Dongyue Group (00189) rose more than 5%. According to data from BaiChuan YingFu, the third-generation mainstream refrigerant R32 (mainly used in household and commercial air conditioners) has seen its domestic average price exceed RMB 50,000 per ton, a year-on-year increase of 42%; as of June 5, the gross profit of the R32 industry reached RMB 35,000 per ton, an increase of over RMB 10,000 per ton compared to the same period last year.

4. Keymed Biosciences-B(02162) rose more than 3%. Recently, Keymed Biosciences registered a Phase I/II clinical study for the CDH17ADC drug CM518D1 for the treatment of advanced solid tumors on the Drug Clinical Trial Registration and Information Disclosure Platform. According to public information, this is the first clinical trial for this drug.

5. YSB (09885) rose more than 6% again. YSB announced that it has entered into a strategic cooperation and business deployment agreement with Yuejiang Technology (02432).

6. Dongfeng Motor Group (00489) fell more than 3% again. Dongfeng Motor Group announced that the company's cumulative vehicle sales from January to May 2025 were 672,800 units, a year-on-year decrease of approximately 17.1%. Among them, new energy vehicle sales were 160,500 units, a year-on-year increase of approximately 34.4%.

7. Cirrus (02507) rose more than 12% again. Cirrus delivered 150 aircraft in the first quarter, doubling year-on-year growth, with delivery data exceeding expectations. Its market share in the first quarter was 23.9%, maintaining its position as the global leader.

8. AVIC (02357) rose more than 3%. On June 5, according to Indonesian military sources, the Indonesian government is conducting a feasibility assessment for the procurement of Chinese-made J-10 fighter jets.

9. $KUAISHOU-W(01024.HK) rose nearly 5% again. Keling AI's annualized revenue run rate exceeded USD 100 million 10 months after its launch (in March this year), and its monthly paid amounts in April and May this year both exceeded RMB 100 million.

10. China Silver Group (00815) rose more than 9%. Some analysts said that after the Trump administration increased tariffs on imported steel and aluminum in early June, the market began to worry that the U.S. government might continue to impose tariffs on other key metals, driving up the prices of silver and platinum.

11. Chizicheng Technology (09911) rose nearly 3% in early trading. According to market news on June 5, Chizicheng Technology announced that it has entered Hong Kong Science Park under the name of its subsidiary Solo X Technology Limited.

12. Smoore International (06969) plunged nearly 12% yesterday, but rebounded more than 4% in early trading today. According to the British American Tobacco website, its new product Glo Hilo is expected to be launched first in Miyagi Prefecture, Japan, on June 9, implementing a "Sendai pilot, nationwide promotion" strategy.

13. Youjia Innovation (02431) opened nearly 7% higher. On June 5, Youjia Innovation announced that the group recently reached a cooperation with Chongqing Changan Automobile Co., Ltd. (Changan Automobile) and secured a spot for its new energy independent brand's main models.

14. China Renaissance Holdings (01911) opened nearly 15% higher. China Renaissance Holdings announced that its managed China Renaissance New Economy Fund invested in Circle in 2018. The company said this reflects the team's optimism about the development prospects of the digital asset industry and is actively exploring layouts in the Web3.0 and cryptocurrency asset fields.

15. China Construction International (03311) rose more than 5% in early trading. China Construction International introduced Oriental International as a strategic shareholder in March this year.

16. Wanguo Gold Group (03939) rose more than 5%. CITIC Futures pointed out that gold prices were volatile and strong during the day. After the results of the Chinese and U.S. heads of state's call were released at night, gold experienced a slight adjustment.

17. China Qinfa (00866) rose more than 7%. China Qinfa announced that its wholly-owned subsidiary Hong Kong Qinfa International Trading Co., Ltd. intends to sell all the issued shares of Perpetual Goodluck Limited to Tianhe Group Limited for RMB 30 million. The group is expected to record a gain of approximately RMB 196 million from the sale.

18. South Manganese (01091) surged more than 20% during the session. South Manganese announced that at the board meeting held on June 4, 2025, the board approved the company's debt reduction proposal, which is in the overall interests of the company and shareholders, aiming to improve the company's credit rating and reduce the group's financial expenses.

19. $ZX INC(09890.HK) rose more than 10% during the session. The company is accelerating its expansion into new types such as SLG and casual games, improving quality, and promoting product exports, with the goal of increasing overseas revenue to 30% of total revenue in the 2025 fiscal year, focusing on East and Southeast Asian markets.

20. Longpan Technology (02465) rose more than 9% at one point. Longpan Technology recently announced that its controlled subsidiary Lithium Source (Asia Pacific) signed a "Production Pricing Agreement" with Eve Energy. Accordingly, from 2026 to 2030, Lithium Source (Asia Pacific) and its affiliates are expected to sell a total of 152,000 tons of lithium iron phosphate cathode materials to Eve Energy and its affiliates.

U.S. Stocks Last Night

1. Stablecoin giant Circle(CRCL.US) listed on the NYSE, with its stock price surging 168%. The U.S. Congress is advancing stablecoin regulatory legislation, which may be passed as early as August, giving stablecoins greater compliance recognition.

2. Planet Labs PBC(PL.US) soared nearly 49%. The company's revenue for the three months ended April 30 was $66.3 million, up from $60.4 million in the same period last year, and it expects revenue for fiscal year 2026 to be between $265 million and $280 million.

3. PVH Corp(PVH.US) fell nearly 18%, marking its largest decline since April 2024, closing at $66.18. According to news, the company reported first-quarter non-GAAP earnings per share of $2.30 on Wednesday evening, down from $2.45 in the same period last year.

4. Ciena(CIEN.US) fell nearly 13%. The company missed second-quarter earnings expectations, with adjusted earnings per share of 42 cents, below the consensus estimate of 52 cents set by Wall Street.

5. Kingsoft Cloud (KC.US) rose nearly 8%. UBS analyst Wei Xiong raised the target price for Kingsoft Cloud from $12.5 to $14, reflecting UBS's more optimistic expectations for the company's future stock performance.

6. Tesla (TSLA.US) fell nearly 14%. According to news, Tesla CEO Elon Musk recently criticized Trump's spending bill, saying it would plunge the U.S. into "debt slavery." Tesla sold 1,210 electric vehicles in Germany in May, a year-on-year decline of 36%, while the overall electric vehicle market in Germany saw a 45% year-on-year increase. In the UK market, Tesla's sales also fell by more than 45% year-on-year.

7. Nvidia's "son" CoreWeave(CRWV.US) fell nearly 17%, after hitting a series of all-time highs and accumulating a 318% gain. According to news, CoreWeave's put option volume accounted for 36.73% of total trading volume, indicating a relatively high proportion of bearish sentiment in the market.

8. $Nebius Group NV(NBIS.US) surged more than 17%, after Nebius stated during its first-quarter earnings call that the company is experiencing strong demand for AI computing and is expanding its infrastructure globally, including new data center locations in the U.S., Europe, and the Middle East.

9. $MongoDB(MDB.US) surged more than 15%. MongoDB raised its outlook for fiscal year 2026. The company now expects full-year operating income to be between $2.25 billion and $2.29 billion, up from the previous guidance of $2.24 billion to $2.28 billion.