<div id="readability-page-1" class="page"><div>US President Donald Trump said he expects to reach an agreement with Iran within a week. US stocks three major indices hit record highs overnight (1st), with the Nasdaq and S&amp;P 500 rising for eight consecutive trading days. The HSI opened slightly lower by 3 points this morning (2nd) before reversing course, gaining 370 points by midday. In the afternoon session, it once surged 510 points to a peak of 25,908, last reported at 25,900, up 502 points or nearly 2%, with turnover of HKD274.766 billion. The HSTECH last stood at 5,171, up 206 points or nearly 4.2%.Heavyweight tech stocks lifted the broader market. TENCENT (00700.HK) +42.000 (+9.633%) Short selling $3.11B; Ratio 13.826% rebounded strongly, once surging 9.9% to a peak of HKD479.4, last at HKD478.6, up 9.77%, making it the best-performing blue chip, with turnover of HKD32.306 billion. Market sources said the company is close to launching a WeChat AI assistant. MEITUAN-W (03690.HK) +6.700 (+8.562%) Short selling $1.34B; Ratio 22.072% , after its results, saw TP upgrades from Daiwa and Citi. It was last at HKD84.9, up 8.5%, with turnover of HKD7.946 billion. BABA-W (09988.HK) +7.200 (+5.863%) Short selling $1.53B; Ratio 17.167% rose 5.9% after its Qwen unit released the Qwen3.7-Plus multimodal model. JD-SW (09618.HK) +6.100 (+5.427%) Short selling $233.68M; Ratio 34.758% gained 5.4%, as order users in the first 52 hours of its &#34;JD 618&#34; campaign hit a record high. SMIC (00981.HK) +2.800 (+3.524%) Short selling $766.16M; Ratio 14.815% and KUAISHOU-W (01024.HK) +2.340 (+5.028%) Short selling $656.52M; Ratio 32.812% also advanced 3.7% to 4.9%.BYD COMPANY (01211.HK) +5.800 (+6.391%) Short selling $562.19M; Ratio 23.533% was at HKD96.65, up 6.5%, with turnover of HKD2.999 billion. Its May overseas sales surged 80.7% YoY to a record high. Peer LI AUTO-W (02015.HK) +1.900 (+3.245%) Short selling $187.19M; Ratio 40.409% also reversed earlier losses to rise more than 3%.Resource stocks performed well, with CMOC (03993.HK) +1.190 (+6.432%) Short selling $56.54M; Ratio 17.726% and ZIJIN MINING (02899.HK) +1.880 (+5.739%) Short selling $171.35M; Ratio 22.877% climbing 5.6% to 6.4%, CHINAHONGQIAO (01378.HK) +0.720 (+2.521%) Short selling $211.14M; Ratio 32.703% up 2.6%, and CHALCO (02600.HK) +0.510 (+4.688%) Short selling $58.28M; Ratio 20.833% rising over 4%. (da/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 12:25.)</div></div>

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HK stocks surged over 500 points, with the HSI closing up nearly 2% and the HSTECH rising over 4%. Tech giants led gains: Tencent jumped 9.7% on AI assistant rumors, Meituan rose 8.5% following analyst upgrades, Alibaba gained 5.9% after a new model release, and JD.com advanced 5.4% due to strong '618' sales. BYD also climbed 6.5% on record overseas sales. Resource stocks rallied, with CMOC and Zijin Mining up over 5%.

- US President Donald Trump anticipates reaching an agreement with Iran within a week, coinciding with US stock indices hitting record highs.  
- The HSI opened lower but gained significantly, closing up 502 points, driven by strong performances in heavyweight tech stocks like Tencent and Meituan.  
- BYD reported an 80.7% year-on-year increase in overseas sales, while resource stocks also performed well, contributing to the market's overall growth.

AASTOCKS News

JD.com

ZIJIN MINING

CMOC

BYD Company

Hang Seng TECH Index

Tencent Holdings Limited

Zijin Mining

BYD Company Limited

JD-SW

Hang Seng Index

MEITUAN

NASDAQ Composite Index

S&P 500

TENCENT

BABA-W

SMIC

KUAISHOU-W

BYD COMPANY

LI AUTO-W

Li Auto

CHINAHONGQIAO

CHALCO

Tencent

TENCENT-R

Tencent HK SDR 10to1

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

Alibaba

BABA-WR

Alibaba HK SDR 5to1

JD-SWR

SMIC HK SDR 5to1

KUAISHOU-WR

BYD HK SDR 10to1

BYD COMPANY-R

HK Stocks Extend Gains to Over 500 pts in PM; HSTECH Up Over 4%; TENCENT , MEITUAN-W  Surge 8%-10%; Resource Stocks Rally