Hong Kong stocks in the automotive sector have sharply corrected, with Li Auto (02015.HK) down over 6%, Geely Automobile (00175.HK) down over 5%, Xpeng Motors (09868.HK), BYD Company (01211.HK), and LEAPMOTOR (09863.HK) all down over 4%, and Great Wall Motor (02333.HK) down over 3%.

Hong Kong stocks of Apple Suppliers fluctuated and fell, with BYD Electronics (00285.HK) dropping over 7%, AAC TECH (02018.HK) falling over 6%, and VSTECS (00856.HK), COWELL (01415.HK), Q TECH (01478.HK), and SUNNY OPTICAL (02382.HK) all declining more than 4%.

The Acting President of South Korea, Choi Sang-mook, held an online meeting with the US Secretary of the Treasury, Janet Yellen, to discuss US tariffs and South Korean investment.