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The Trump administration projects GM will cut technology costs by $20.4 billion in total by 2031 due to reduced fuel-economy standards.

2026-09-28

The Trump administration projects GM will cut technology costs by $20.4 billion in total by 2031 due to reduced fuel-economy standards.

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2026-09-28

Hong Kong stocks closed mixed. The Hang Seng Index rose 0.54% to 24,642.51; the Hang Seng Tech Index fell 0.37% to 4,296. Market turnover was HKD177.48 bln. Large-model AI, optical-communications and PCB names underperformed, while coal and oil & gas

Hong Kong stocks closed mixed. The Hang Seng Index rose 0.54% to 24,642.51; the Hang Seng Tech Index fell 0.37% to 4,296. Market turnover was HKD177.48 bln. Large-model AI, optical-communications and PCB names underperformed, while coal and oil & gas led sector gains; mainland property, mainland banks, healthcare and autos also advanced. Notable movers: CanSino Biologics (06185.HK) +~6%, NetEase (09999.HK) +~5%, Geely Automobile (00175.HK) +3.6%, China Shenhua (01088.HK) +3%, PetroChina (00857.HK) +3%. Biggest decliners were Yangtze Optical Fiber & Cable (06869.HK) -16.6%; Zhongji Xuchuang (03308.HK) and Cambridge Technology (06166.HK) down ~12%; Kingboard Laminates (01888.HK) and Shenghong Technology (02476.HK) down >10%; Kingboard Holdings (00148.HK) and MINIMAX-W (00100.HK) down >9%.
2026-09-28

The South Korean KOSPI index fell by more than 2.5%, with Samsung Electronics down 5% and SK Hynix down 4.4%.

The South Korean KOSPI index fell by more than 2.5%, with Samsung Electronics down 5% and SK Hynix down 4.4%.
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