Hong Kong autonomous-driving stocks slid in choppy trade: Tuya Smart (02391.HK) tumbled over 10%, Black Sesame Technologies (02533.HK) and Hesai-W (02525.HK) fell over 4%, CHINA'S WERIDE-W (00800.HK) declined nearly 4%.

Spot silver plunged 7.00% intraday, currently trading at $57.23 per ounce. Spot palladium fell 6.00% intraday, currently trading at $1154.40 per ounce.

Domestic News: 1. The People's Bank of China (PBOC) will conduct 500 billion yuan of Medium-term Lending Facility (MLF) operations with a one-year term. 2. Seven departments have launched a special campaign to crack down on the illegal dismantling of scrapped motor vehicles. 3. The Ministry of Commerce has released the "Measures for the Investigation of Industrial Chain and Supply Chain Security." 4. Doubao Professional Edition adopts a three-tiered pricing scheme, with a maximum annual price of 6,000 yuan. 5. The State Administration of Radio and Television publicly solicits opinions on the "Measures for the Management of Micro-drama Development (Draft for Solicitation of Opinions)." International News: 1. Trump responds to refusing to sign the housing bill: He knows more about real estate than anyone else; interest rate cuts are the key. 2. Trump accuses oil companies of "ripping off customers" and orders the Department of Justice to intervene. 3. US Treasury Secretary Bessenter reiterates the dominance of the US dollar and praises Warsh for eliminating forward guidance. 4. SK Hynix plans to raise over $29 billion through a Nasdaq listing. 5. Micron Technology's strong earnings send its shares up 15% in after-hours trading, boosting US chip stocks. 6. Samsung responds to nearly $60 billion buyback plan: Under consideration, details not yet finalized. 7. US Q1 current account deficit widens, goods trade deficit narrows but primary income turns into deficit. 8. All major US banks passed the Federal Reserve's annual stress test, paving the way for billions of dollars in buybacks and dividends. 9. US oil reserves hit their lowest level since the week of June 24, 1983, with crude oil inventories declining for the ninth consecutive week to their lowest level since October 1984. 10. Overnight market—Spot gold fell below $4,000, spot silver plunged 8%; WTI and Brent crude oil fell back to pre-Iranian conflict levels; platinum and palladium fell more than 5%. 11. Middle East situation— ① US and Iran will continue technical consultations at the end of this month. ② US: Approximately 72 ships left the Strait of Hormuz in the past 24 hours, involving a total of 20 million barrels of oil. ③ The Israeli Defense Minister and Prime Minister reiterated their firm stance that Israel will not withdraw its troops from Lebanon. ④ Sources familiar with the matter revealed that Gulf states will push for the exemption of transit fees in the Strait of Hormuz. However, it is expected that Iran will propose levying environmental, navigation, and security guarantees fees.