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Tensions between the United States and Iran are escalating, marked by a standoff in the Strait of Hormuz affecting shipping and conflicting reports on the status of peace talks. While some sources mention a potential new deal, others highlight rising threats and uncertainty surrounding diplomatic efforts.
Hong Kong authorities have conducted raids on the offices of Chinese brokerage firms Citic Securities and Guotai Junan International as part of an ongoing investigation.
Citic Securities has emerged as the top earner in Asia-Pacific investment banking fees, which reached US$5.3 billion in Q1 2026, despite a 5% year-on-year decline. The surge in mainland China and Hong Kong IPOs contributed to the firm's performance.
CITIC Securities has reiterated its 'Buy' rating on Trip.com (TCOM), providing investors with key insights and recommendations for the travel company.