Hong Kong-listed auto stocks opened higher; BYD Company (01211.HK) rose over 5%, Leapmotor (09863.HK) gained nearly 3%, BAIC (01958.HK) and GAC Group (02238.HK) also advanced.

China A-share robotics sector rallied again in the afternoon. Fengguang Precision hit a 30CM limit-up; Lvde Harmonic, Kailong Hi‑Tech and several others hit 20CM limit-ups. Wanda Bearing, Haozhi Electromechanical, Fengli Intelligent and Orbbec rose more than 10%.

Markets had been pricing an earlier Fed hike on several consecutive strong payroll prints; this report breaks that continuity. The unemployment rate fell while labor force participation slipped to 61.5%, implying the lower jobless rate is not unambiguously demand-driven. Wage growth paired with low unemployment makes it hard for the Fed to justify pivoting to easing on the basis of a single weak payroll print. Market takeaway: the data delays pressure for earlier hikes rather than eliminating the possibility of further rate moves.