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US President Trump will hold a cabinet meeting at 11:00 Eastern Time and will deliver a "Invest in the United States" speech at 16:00 Eastern Time (04:00 the next day in Beijing time).
Hong Kong stock NIO (09866.HK) continued to fall, now falling by more than 5%, with trading volume exceeding 100 million lots.
Most Hong Kong biotech stocks strengthened, CanSino Biologics (06185.HK) rose more than 10%, BeiGene (06160.HK) rose more than 6%, Nocturnal Kinhua (09969.HK) rose more than 4%, and Tiger Pharmaceuticals (03347.HK) rose more than 3%.
Australian Treasury Secretary Chalmers: The market is expected to have more rate cuts after inflation data is released. I don't see anything in these data that will substantially change market expectations.
South Korea Finance Minister Choi Sang-mu: South Korea will definitely not try to end tariff negotiations with the United States before the presidential election.
Hong Kong insurance stocks continued to strengthen, with AIA (01299.HK) rising by more than 5%, Xinhua Insurance (01336.HK), China Life Insurance (02628.HK) rising by more than 2%, and China Property Insurance (02328.HK) and China Taiping (00966.HK) following the rise.
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