News Snapshot:
“The market might see the range-bound performance in June, but we are not pessimistic, the darkest hour has passed.” China’s cabinet announced a package of 33 measures covering fiscal, financial, investment, and industrial policies on Tuesday to revive its pandemic-ravaged economy. Shanghai sprung back to life after the financial hub lifted most anti-COVID curbs, but worries over a rebound of cases and the zero-COVID policy lingered. New-energy shares rose 2.4%, semiconductors jumped 4.1%, while real estate developers lost 1.6%, and energy stocks dropped 2.4%. China’s electric vehicle startups reported stronger sales for May and forecast continued gains for June as...
