ChiNext Index recovered from session lows, cutting losses to below 1% after an earlier slide of more than 2.8%. Shenzhen Composite Index down 0.68%, Shanghai Composite down 0.23%. Storage chip sector rallied.

Hong Kong stocks rose in choppy morning trade as autos and innovative drug names outperformed and tech recovered. The Hang Seng index was up 0.83% at 23,542.97, while the Hang Seng TECH Index rose 1.16% to 4,551.34. Sector moves: autos and innovative drugs led gains; nonferrous metals, telecom equipment and PCB stocks lagged. Notable movers: 03952.HK +19.0%, 01177.HK +7.0%, 01024.HK +5.35%, 09863.HK +4.0%, 01347.HK +3.0%, 03690.HK +3.8%; decliners: 06869.HK -14.0%, 01888.HK -10.0%, 09880.HK -8.6%, 00148.HK -6.5%, 02513.HK -5.6%, 03986.HK -4.0%.

Axios reports Israeli Prime Minister Netanyahu today refused to comply with a Supreme Court ruling. The move is the first such occurrence in Israeli history and sharply escalates the constitutional crisis ahead of October's election.