According to Iranian state media: In the latest round of attacks, Iranian missiles hit Haifa in Israel.

June 16th news, in May, urban consumer goods retail sales of 3605.7 billion yuan, a year-on-year increase of 6.5%; rural consumer goods retail sales of 526.9 billion yuan, an increase of 5.4%. From January to May, urban consumer goods retail sales of 17649 billion yuan, an increase of 5.1%; rural consumer goods retail sales of 26681 billion yuan, an increase of 4.9%. In May, commodity retail sales of 3674.8 billion yuan, a year-on-year increase of 6.5%; catering revenue of 457.8 billion yuan, an increase of 5.9%. From January to May, commodity retail sales of 18039.8 billion yuan, an increase of 5.1%; catering revenue of 2277.3 billion yuan, an increase of 5.0%.

According to June 16th news, in May, the added value of industrial enterprises above designated size increased by 5.8% year-on-year. From a month-on-month perspective, in May, the added value of industrial enterprises above designated size increased by 0.61% over the previous month. From January to May, the added value of industrial enterprises above designated size increased by 6.3% year-on-year. In terms of products, in May, the output of 326 of the 623 products of industrial enterprises above designated size increased year-on-year. Among them, steel products were 127.43 million tons, a year-on-year increase of 3.4%; cement was 165 million tons, a decrease of 8.1%; ten non-ferrous metals were 6.83 million tons, an increase of 2.9%; ethylene was 3.03 million tons, an increase of 14.4%; automobiles were 2.642 million, an increase of 11.3%, of which new energy vehicles were 1.245 million, an increase of 31.7%; power generation was 737.8 billion kWh, an increase of 0.5%; crude oil processing was 59.11 million tons, a decrease of 1.8%.

Israeli military: At least 10 Iranian missiles were not intercepted in attacks on Tel Aviv and Haifa.

Hong Kong-listed JunGao Holdings (08035.HK) resumed trading today and rose more than 100%. The company received a cash offer from Pacific Crouch.

According to Israeli media: Iran launched its largest missile attack on Israel to date, launching about 100 missiles.

Kingsoft Software (03888.HK) rose more than 8% with a turnover of over HK$200 million.

The Hang Seng Tech Index fell more than 1% in early trading, while the Hang Seng Index fell 0.7%.

European Commission President Ursula von der Leyen: The EU is fully engaged in trade negotiations with the United States.

Hang Seng Index futures opened down 0.21% at 23,804 points, 89 points below the spot price.

European Commission President Ursula von der Leyen: Israel has the right to defend itself and Iran is the main source of instability in the region.

European Commission President Ursula von der Leyen: We must put more pressure on Russia to get it back to the negotiating table. Sanctions are crucial.

On June 16, according to WeRide, WeRide signed a cooperation agreement with Dubai Roads and Transport Authority (RTA) and Uber on June 15 local time. The three parties will work together to deploy commercial Robotaxi travel services in Dubai. The service will be launched on the Uber platform this year. The first batch of Robotaxi will be operated commercially with safety officers and tested purely unmanned, and will be fully unmanned in the first quarter of 2026. At present, WeRide and Uber have started the Robotaxi road test in Dubai under the guidance of RTA.

Israeli military: Iran launched missiles at Israel.

Witnesses on the ground in Iraq said Iranian drones flew over southern Iraq towards Israel.

June 16th, gold prices rose slightly in early Asian trading on Monday as geopolitical tensions could stimulate safe-haven demand. Israel and Iran stepped up air strikes over the weekend, while U.S. President Trump said it was "possible" that the United States would be involved in the conflict. Market analyst Fawad Razaqzada said gold has been rising driven by safe-haven funds. Razaqzada added: "Affected by factors such as increased geopolitical risks in the Middle East, the outlook for gold is undoubtedly still positive."

On June 16, CICC pointed out that in the first half of 2025, although policy uncertainty has increased significantly, the global economy as a whole is running smoothly, and other major central banks except the Federal Reserve continue to cut interest rates. In the second half of the year, the economic momentum of the United States and non-US regions will converge, mainly driven by the slowdown in the US economy. Non-US regions have certain advantages due to relatively loose monetary policies and room for repair of output gaps, but the extent of repair in the second half of the year is constrained by high policy uncertainty and the front-end of exports and growth in the first half of the year. Against this background, we are more optimistic about opportunities in non-US regions in the second half of the year, remain relatively optimistic about the European market, and increase the weight of emerging markets. However, we believe that the differentiation of regional performance may be smaller than in the first half of the year, and we recommend a balanced allocation.

Market News: The Swiss Embassy, which represents US interests in Tehran, has been closed until further notice.