Hong Kong stocks closed lower after a weak open and midday rebound. HSI fell 0.29%; Hang Seng Tech Index down 0.41%. Oil names outperformed—00857.HK up ~3%—and port/transport rallied, 01138.HK +>2%. Banks, agriculture, auto dealers, power and gas saw buying. Biotech underperformed, 09969.HK down >7%; chip names extended losses, 03986.HK down >5%. Other laggards included optical communications, mainland property, media, airlines and nonferrous metals.

The Wall Street Journal, citing people familiar with the matter, reports oil and gas industry lobby groups are mounting a coordinated campaign to oppose a diesel export ban.

U.S. Energy Secretary Wright said the Trump administration will not impose a blanket ban on diesel exports but intends to pursue voluntary export limits. He said the government will not stop all exports and seeks to preserve global diesel supplies while reining in domestic price trends; measures will be voluntary. Wright added officials want to avoid heavy‑handed policy and recognize refinery complexity. Trump’s earlier comment that the government was considering diesel export limits has raised industry concern; refiners warn a ban could tighten U.S. diesel and gasoline availability and push prices sharply higher.