The Hang Seng Index was up 329.68 points, or 1.37 percent, at 24,325, its highest since May 21. The Shanghai Stock Exchange Composite Index inched up 0.068 percent to 2,923, while the Shenzhen Stock Exchange Composite Index was up 0.039 percent to 1,847. Saudi Arabia and Russia have a deal to extend the cuts, but a meeting today might not happen, sources said. West Texas Intermediate crude for July fell 79 cents, or 2.2 percent, to US$36.02. Oil had been lifted earlier in the day by an American Petroleum Institute report that US crude inventories fell by 483,000 barrels.

Source: The Standard June 03, 2020 19:07 UTC