<div id="readability-page-1" class="page"><div>The DJIA notched a record high overnight (4th), once skyrocketing 970 pts, with funds rotating into bank and healthcare insurance stocks. The Nasdaq rattled and edged down, while the S&amp;P 500 rose 0.4%. Asia-Pacific markets came under pressure this morning (5th).The HSI opened down 67 pts or 0.27% at 25,186. The HSCEI opened down 8 pts or 0.1% at 8,493. The HSTECH opened down 15 pts or 0.31% at 4,959.The acute crackdown in Mainland China on cross-border investment spread to the insurance sector. HSBC HOLDINGS (00005.HK) -2.500 (-1.708%) Short selling $550.49M; Ratio 31.555% opened down 1.78% at HKD143.800. AIA (01299.HK) -2.800 (-3.651%) Short selling $1.15B; Ratio 23.140% fell 1.43%. PRU (02378.HK) -5.100 (-4.722%) Short selling $1.17M; Ratio 5.866% opened at HKD103.4, down 4.26%.Dotcom bellwethers were mixed. TENCENT (00700.HK) +5.600 (+1.220%) Short selling $2.33B; Ratio 17.503% , MEITUAN-W (03690.HK) +0.950 (+1.209%) Short selling $1.03B; Ratio 30.402% and BIDU-SW (09888.HK) +0.900 (+0.692%) Short selling $174.81M; Ratio 21.655% opened about 0.5% higher, while NTES-S (09999.HK) -0.200 (-0.104%) Short selling $277.01M; Ratio 25.694% sank 0.62%.Among blue chips, CHOW TAI FOOK (01929.HK) +0.390 (+3.406%) Short selling $43.89M; Ratio 33.123% opened 9.17% higher. XINYI GLASS (00868.HK) -0.090 (-0.916%) Short selling $20.16M; Ratio 50.030% lost 2.34%. LENOVO GROUP (00992.HK) -1.220 (-4.880%) Short selling $1.95B; Ratio 30.614% opened at HKD23.86, down a further 4.56%. HKEX (00388.HK) -1.400 (-0.349%) Short selling $335.10M; Ratio 21.376% reported that IPO fundraising in 5M26 leaped 111% YoY, while its share price opened 0.5% lower this morning. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-04 16:25.)</div></div>

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The Hang Seng Index opened down 67 points, pressured by mainland China's crackdown on cross-border investment which dragged down insurance stocks like HSBC and AIA. While US markets saw mixed results with the DJIA hitting a record high, Asian markets faced pressure. Tech giants Tencent and Meituan rose slightly, whereas Lenovo fell significantly. HKEX reported an 111% YoY jump in IPO fundraising for the first five months of 2026.

- The DJIA reached a record high on June 4, gaining 970 points, as investments shifted toward bank and healthcare insurance stocks.  
- In Asia-Pacific markets on June 5, the HSI fell 67 points, reflecting pressure from a crackdown on cross-border investments in the insurance sector, with notable declines in stocks like HSBC and AIA.  
- Despite mixed performances in dotcom companies, blue chip stocks showed volatility, highlighted by Chow Tai Fook's significant rise and Lenovo Group's notable decline.

AASTOCKS News

LENOVO GROUP

HSBC HOLDINGS

Hang Seng Index

MEITUAN

HKEX

Dow Jones Industrial Average

TENCENT

BIDU-SW

NTES-S

CHOW TAI FOOK

XINYI GLASS

NASDAQ Composite Index

S&P 500

Hang Seng China Enterprises Index

Hang Seng TECH Index

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC

AIA-R

AIA Group

Prudential USD

Prudential plc

Prudential

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

BIDU-SWR

Baidu

NetEase

LENOVO GROUP-R

Lenovo Group

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

HSI Opens Down 67 pts; Mainland Crackdown on Cross-border Investment Drags HSBC HOLDINGS, AIA 1%+ Lower at Open