Federal Reserve Governor COOK said he would be prepared to cut interest rates if the labor market deteriorates.

Hong Kong stocks opened lower in early trade and slid, with the Hang Seng index slipping below the 25,000 level. The Hang Seng was down 2.29% at 24,748.65, while the Hang Seng Tech Index fell 1.49% to 4,834.22. Sector moves: semiconductors partially recovered but internet/tech names weakened; nonferrous metals and innovative-drug sectors declined. Individual movers: Hua Hong Semiconductor (01347.HK) rose more than 11%; NIO-SW (09866.HK) jumped 5.56%; SMIC (00981.HK) and XPeng (09868.HK) gained over 3.6%; Pop Mart (09992.HK) added over 3%. On the downside, Kingsoft Cloud (03896.HK) fell more than 8%; Meituan (03690.HK) dropped 6.7%; SenseTime (00020.HK) and Kingdee International (00268.HK) lost over 5%; Baidu (09888.HK), Bilibili (09626.HK), JD.com (09618.HK) and Alibaba (09988.HK) each fell more than 3%.

美國財長貝森特：物價是暫時的，戰爭結束時油價將會下降。