Core Viewpoint - The CEO of AerCap urges President Trump to expand and improve the existing tax exemption agreements related to aircraft trade [1] Group 1 - AerCap is advocating for the enhancement of aircraft trade agreements to benefit the aviation leasing industry [1] - The call for action highlights the importance of tax exemptions in promoting international aircraft trade [1]

Group 1 - The EU is preparing to take retaliatory measures against the US, including a list of products worth €95 billion that may face tariffs, which includes wine, bourbon, aircraft, cars, and healthcare products [2][3][4] - The EU has initiated a public consultation regarding the proposed list of products, which will end on June 10, and aims to finalize the list by late June or early July [5][6] - The EU's response reflects its desire for a compromise with the US, indicating a willingness to increase imports of US products, including agricultural goods and energy, to meet US industrial policy goals [3][4] Group 2 - The EU has been affected by US tariffs, with €379 billion worth of goods exported to the US facing new tariffs since the new US administration took office, impacting 70% of EU exports to the US [5][6] - The ongoing trade tensions could lead to significant declines in US exports to the EU, estimated to drop between 8% to 66%, while EU exports to the US may only decrease by 0.6% to 1.1% [5] - The EU's response to US tariffs is part of a broader context where the US is also negotiating with other countries, including China, India, South Korea, and Japan, indicating a complex global trade environment [7][8]

Market Performance - The Hang Seng Index closed at 23,462.65, down 137 points or 0.58%[3] - The Hang Seng Tech Index fell by 1.67%, closing at 5,747.77[3] - The total market turnover decreased to HKD 23.38 billion, the lowest since February 11[4] Stock Movements - AIA Group (01299) decreased by 1.6%[3] - Tencent (00700) dropped by 0.9%[3] - Alibaba (09988) fell by 2.4%[3] - Meituan (03690) declined by 2.3%[3] - Kuaishou (01024) saw a significant drop of 3.9%[3] - JD.com (09618) increased by 0.3%[3] - HSBC Holdings (00005) rose by 0.7%[3] Economic Indicators - The manufacturing production index in Hong Kong increased by 0.8% year-on-year[7] - The producer price index for manufacturing rose by 2.9% year-on-year[7] - In Q4, the overall manufacturing production index grew by 1% year-on-year, with a corresponding producer price index increase of 4.2%[7] Foreign Investment - Foreign investment in Chinese stocks increased by USD 11.2 billion (approximately HKD 873.6 billion) in February[8] - Emerging markets recorded a net outflow of USD 2.1 billion in stocks during the same period[8]