A senior U.S. official said Trump’s position that auto tariffs will rise on Jan. 1, 2027 remains in effect. U.S. officials have communicated in recent days with Canada’s minister for U.S.-Canada trade, LeBlanc.

港股光通信股午後快速下探，曦智科技-P(01879.HK)跌近8%，京信通信(02342.HK)跌超7%，舜宇光學科技(02382.HK)跌近4%，藍思科技(06613.HK)跌超3%，中際旭創(03308.HK)等跟跌。

Daiwa says Bilibili (09626.HK) has issued $700m of zero‑coupon convertible bonds due 2031 and Tencent (00700.HK) has completed sale of its roughly 9.6% stake. Daiwa calls the structure a win‑win: it removes Tencent’s long‑standing cash‑out pressure, supplies about $400m of incremental cash to Bilibili and triggers an immediate $300m share buyback and cancellation to limit dilution. At the preliminary conversion price the bonds would convert into ~35.2m shares (gross dilution ~8.4%); after cancelling the repurchased stock net dilution is around 3.5%. Daiwa reiterates a buy rating and says the deal raises long‑dated zero‑coupon funding at a cost well below plain offshore bonds.