Hong Kong stocks closed: Hang Seng Index fell 1.27%, Hang Seng Tech Index fell 2.04%. Zhipu (02513.HK) dropped more than 10%, MiniMax (00100.HK) dropped more than 8%, Zhida Technology (02650.HK) jumped more than 107%.

Omdia forecasts Chinese panel makers will account for 65.2% of global automotive display shipments in H2 2026, up from 59% in H1 2026. The firm says this continues a long-term structural shift: Chinese makers’ share rose from 28.1% in 2019 to 56.6% in 2025.

Trump pledged to pay $5,000 to every U.S. adult if Republicans retain control of both chambers in November’s midterm elections. The plan would require over 200 mln payments and exceed $1tn if no income limits are applied. Trump suggested tariff revenue could fund the program but offered no detailed funding plan. The proposal raises inf and fiscal-debt concerns and is expected to trigger debate; Republican lawmakers may find it politically difficult to oppose if the pledge helps preserve their majorities.