Investment Daily Note

MSCI will announce early Wednesday morning Hong Kong time (15 Jun) whether China’s domestic equities will be added to its global benchmark gauges. With other uncertainties like “Brexit” and Fed’smeeting, risk-aversion intensified. SPDR Gold Trust (2840.HK)is recommended for safe haven in short-term.

The Organization of the Petroleum Exporting Countries (OPEC) forecast oil markets will be more balanced in 2H, as demand rises and production drops in Nigeria and Canada, in its monthly report. It may be favorable for oil-related stocks in mid-term.