By midday trade, the Hang Seng Index (HSI) was down 1.69% and the Hang Seng Tech Index fell 2.14%. Large tech names broadly lower: Xiaomi Group (01810.HK) down >3%; Alibaba (09988.HK), Baidu (09888.HK), Meituan (03690.HK) and JD.com (09618.HK) each down >2%. Property names underperformed: Country Garden (02007.HK) -4.8%, China Vanke (02202.HK) -5.6%. Losses were concentrated in power equipment, gaming software, physical AI and new-energy vehicle makers.

Plaintiffs' lawyers said the Trump administration has asked the US Supreme Court to intervene to allow continued deportation of immigrants to countries other than their country of origin.

LME three-month copper fell 0.3% to $14,578/ton in European morning, retreating from near-record highs as a stronger dollar, oil volatility and expectations of a hawkish Fed prompted profit-taking and reduced appetite for new longs. Sucden Financial said China’s upcoming holiday could lower market participation and further tighten liquidity, especially overnight. ANZ highlighted supply risk after workers at Chile’s Escondida, the world’s largest copper mine, called for strike action after rejecting a wage proposal. Uncertainty over potential U.S. tariffs and tighter sulfur supply in the Gulf also continue to support prices.