China's Ministry of Industry and Information Technology said internet and related services firms above designated size recorded internet business revenue of 874.9 bln yuan in Jan-May, up 10.4% YoY, a 0.5 ppt acceleration versus Jan-Apr. Total profits were 79.9 bln yuan, up 9.7% YoY, with profit growth slowing compared with Jan-Apr. R&D spending maintained rapid growth.

Goldman Sachs analysts Timothy Moe and John Kwon say a 1 percentage-point increase in the combined weight of Samsung and SK Hynix in Korea’s benchmark equity index could prompt roughly $2 billion of foreign selling, citing US Investment Company Act diversification thresholds. GS warns that heavy inflows into leveraged ETFs, rising options activity and increased retail margin usage have created structural liquidity fragility that can produce daily price moves well beyond corporate fundamentals. Korea’s asset-management growth since last year has been driven mainly by investment returns rather than new inflows, increasing mechanical institutional exposures often tied to hedges; even a modest market pullback could therefore trigger cascades of forced selling.

Citigroup raised its target price for Legend Holdings (03396.HK) to HKD17 from HKD16 after upgrading earnings for Lenovo Group (00992.HK) and following Lenovo’s recent $2bn zero-coupon convertible bond issuance. Citigroup said Legend still trades at about a 78% discount to its estimated per-share NAV and maintained a buy rating. It trimmed Legend’s FY2026 profit forecast by 3%, raised FY2027–28 forecasts by 32–36%, and lifted its NAV estimate for the end of next year by 7%.