Hong Kong-listed biopharmaceutical stocks rallied in the afternoon, with Ascletis Pharma (01672.HK) surging over 9%, and other stocks such as BeiGene (06160.HK), CSPC Pharmaceutical Group (01093.HK), Akeso Biopharma (09926.HK), and Innovent Biologics

The yield on Japan's five-year government bonds rose 2 basis points to 1.265%, the highest level since July 2008.

1. Biden's Harsh Criticism – Former US President Joe Biden criticized Trump, saying the current president has not only dismantled the East Wing of the White House but also destroyed American democracy. 2. Suspected "Nap" at Press Conference Sparks Heated Debate This weekend, footage of Trump seemingly closing his eyes during a press conference in the Oval Office on Thursday went viral on social media. He appeared to be keeping his eyes closed at times, and at other times seemed unable to stay awake, frequently rubbing his eyes. Trump's opponents used this image to question his performance in office. 3. Exposed Secretly Providing Massive Tax Cuts to Ultra-Wealthy Companies According to US media reports, the Trump administration has been secretly providing massive additional tax cuts to ultra-wealthy companies without legislation. Kyle Pomerleau, a senior fellow at the American Enterprise Institute, stated, "The US Treasury Department has clearly been implementing tax cuts without legislation." 4. Anti-Trump Voting Momentum Remains Strong This week, Democrats won key elections in states such as Virginia and New Jersey, and the anti-Trump voting force appears stronger than ever. A CNN poll shows that 41% of registered voters said they would vote against Trump if a congressional election were held today; only 21% explicitly said they would vote for Trump. 5. Trump proposes the Senate should directly distribute insurance subsidies to the public —Trump: I am proposing to my Senate Republican colleagues that the hundreds of billions of dollars in insurance subsidies currently used to fill the bottomless pit of Obamacare should be distributed directly to the public. We must take the money back from greedy insurance companies and return it to the people, while simultaneously repealing the world's worst healthcare system, Obamacare, in proportion to the investment. In addition, the lengthy debate process must be abolished simultaneously.