At the close in Hong Kong, the Hang Seng Index fell 0.65% and the Hang Seng Tech Index fell 1.19%. Artificial intelligence names bucked the market: Yangtze Optical Fibre and Cable (06869.HK) rose over 31%, MINIMAX-W (00100.HK) gained about 24%, and Zhipu AI (02513.HK) climbed about 15%.

Goldman Sachs economists say Southeast Asian food prices face upside risk over the next several months. The oil-price shock from the Middle East conflict has already fed into fuel-sensitive CPI components, and rising fertilizer costs will raise agricultural input prices. An El Nifio event, possible by end-2026, could lift global temperatures and trigger further grain-supply shocks, though its impact is imprecisely estimated. Goldman Sachs estimates a 10% rise in local oil prices would lift Southeast Asia food CPI by about 0.3 percentage point after 12 months.

美國副總統萬斯：還有很多工作要做。