Tesla (TSLA.O) shares rose 4% in premarket trading after the company unveiled a new sports car.

Xu Jingwei, head of Global Listing Services at HKEX, said TMT and AI-related companies have accounted for about 70% of Hong Kong IPO fundraising so far this year and roughly 50% of equity and equity-linked issuance. About 60% of mainland issuers listing in Hong Kong this year already generate overseas revenue, with some firms deriving more than half their sales internationally. Around 80% of recent Hong Kong IPOs have included international cornerstone investors from the US, Europe, the Middle East and APAC.

The dollar weakened after Fed official Kevin Warsh’s remarks failed to boost the currency, leaving the greenback poised to end a four‑week advance. The Bloomberg Dollar Spot Index fell as much as 0.4% on Friday and was on track for its worst weekly performance since Sept. 4. The dollar slipped versus most major peers while the euro rose, set to snap a five‑week decline. Speaking at the IMF annual meeting in Bangkok, Warsh made no comments on U.S. policy or the economy, prompting investors to trim bets on a Fed rate hike later this month ahead of the Fed’s pre‑meeting blackout period. CIBC capital markets strategist Noah Buffam said Warsh offered no policy guidance, which markets interpreted as a signal that the Fed may not raise rates in October.