US large banks raised dividends after passing the Federal Reserve's annual stress tests, following gradual regulatory adjustments that have eased the test hurdle. JP Morgan raised its quarterly dividend to $1.65 from $1.50 and approved a $50 billion share buyback effective July 1. Wells Fargo raised its dividend to $0.50 from $0.45. Morgan Stanley raised its dividend to $1.15 from $1.00. Goldman Sachs raised its dividend to $5.00 from $4.50.

港股黃金股震盪走低，中國黃金國際(02099.HK)跌超9%，招金礦業(01818.HK)、山東黃金(01787.HK)、靈寶黃金(03330.HK)跌超8%。

At a routine MOFCOM briefing on the 25th, spokesperson He Yadong said China will continue to expand high‑level opening and build a market‑based, rule‑of‑law, international business environment, welcoming mutually beneficial trade and investment. He said Prime Minister Takaichi’s recent comments on Taiwan have seriously damaged the political foundation for Sino‑Japan relations and have had a significant negative impact on bilateral economic cooperation. He urged Japanese business leaders to press their government to reflect and correct course so that China‑Japan trade and investment can return to a healthy development track.