Shares of Chinese electric-vehicle makers surged after some reported record sales in May, spurring hopes that more price cuts are around the corner as companies race to grow market share.
Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation.
Shares of GenScript Biotech plunged in Hong Kong amid concerns that the company could face U.S. scrutiny due to alleged ties with the Chinese government.
The euro could get some support following a choppy end to May, if the European Central Bank sounds cautious considering the rising upside risks to price stability, Swissquote Bank said.
Toyota Motor suspended shipments and sales of three models produced in Japan, saying they were tested using methods that differed from the Japanese government’s standards.
