24-Hour Inside Story: How Israel and Iran Nearly Dragged Trump Back into War

In the past 24 hours, the world was just a few phone calls away from another full-scale war. Although Trump urgently pulled both sides back from the brink on Monday, the crisis has not been resolved. As Netanyahu needs war to stay politically afloat and Trump needs peace as a political achievement, this alliance’s strategic interests are increasingly diverging.

Golden10 Data06:54

Zhitong HK Connect Active Trading | June 9

Stock Connect Active Trading | June 9, 2026

Zhitong Finance19:00

Fund Flows | Southbound capital sold HK$8.614 billion worth of Hong Kong-listed stocks, while buying into KCC Corporation and KB Holdings

Track the latest developments of southbound capital flows.

Gelonghui Finance18:57

Southbound Capital Flow | Southbound trading recorded a net sell-off of HK$8.614 billion, with mainland investors again selling Hong Kong-listed ETFs; JianTao Group (00148) saw over HK$1.8 billion in aggressive buying throughout the day

On June 9, southbound capital recorded a net selling of HK$8.614 billion in the Hong Kong stock market. Of this, Shanghai-Hong Kong Stock Connect saw a net selling of HK$98 million, while Shenzhen-Hong Kong Stock Connect recorded a net selling of HK$85.16 billion.

Zhitong Finance17:50

Crude oil imports into China in May fell to their lowest level in over eight years, according to reports.

Citing data from China’s General Administration of Customs, Bloomberg reported that China’s crude oil imports in May declined to approximately 33 million metric tons, equivalent to about 7.8 million barrels per day—the lowest level in over eight years since October 2017. By comparison, China’s average daily import volume in 2025 was around 11.6 million barrels. Facing supply constraints due to the Iran conflict, China has relied on export restrictions, refinery run cuts, and drawing down its substantial inventories to mitigate the impact of losing most of its Persian Gulf crude supplies. This has helped ease global price pressures, and analysts expect China’s import volumes to remain subdued in the coming months. According to Kpler data, although China

AASTOCKS16:05

Hong Kong Market Movement | Shares of China's 'Big Three' oil companies declined collectively, with PetroChina dropping over 3% as easing Middle East tensions led to a retreat in oil prices.

Gelonghui, June 9 | Shares of China's 'Big Three' oil companies traded weakly in the Hong Kong market, with PetroChina down more than 3%, CNOOC falling over 1%, and Sinopec declining by 0.7%. On the news front, Iran announced on June 8 that it had concluded its military operations against Israel, signaling a temporary easing of tensions in the Middle East. As a result, WTI crude oil prices retreated sharply from an intraday high near USD 93.50 per barrel, falling to around USD 90.93 per barrel by early Asian trading on June 9. Meanwhile, oil-themed LOFs also broadly pulled back in early trading, with China Southern Crude Oil LOF dropping over 5% and Harvest Crude Oil LOF falling more than 4%. Goldman Sachs

Gelonghui Finance10:16