HONG KONG AUTO STOCKS RISE, SERES +6%, XPENG +5%

A股煤炭板块多股低开，衢州发展跌超6%，兖矿能源跌超3%，宝丰能源、新天然气等跟跌。

European Central Bank officials see the case for a June rate hike as “nearly sealed” amid persistent energy-driven inflation near 3%, according to sources familiar with the discussions. Policymakers are expected to avoid signaling a July follow-up increase, citing weaker growth and uncertainty over the inflation outlook. Sources said the ECB could wait until September for updated projections unless inflation deteriorates sharply. Markets currently price in three ECB rate hikes over the next year, with the first fully priced by July.