HK EV STOCKS RISE: BYD UP 5%, GEELY UP 2.83%

The Federal Reserve’s Beige Book reported that US economic activity expanded at a slight-to-modest pace, but the war with Iran has increased uncertainty and pushed energy costs sharply higher across all 12 districts. The Fed said firms cited the conflict as a major factor complicating hiring, pricing, and investment decisions, with many adopting a wait-and-see approach. Energy and fuel prices rose “sharply” nationwide, contributing to inflationary pressures already visible in recent data. Policymakers are expected to hold rates steady at their upcoming meeting as they assess the war’s impact on inflation and growth dynamics.

台积电(TSM.N)：客户高度关注A14工艺，预计2028年开始量产。