Japan's Prime Minister Takaichi said she had not discussed monetary or fiscal policy with Trump.

Hong Kong's Hang Seng Index (HSI) closed down 251.04 points, or 1.01%, at 24,510.09 on Friday, Sept. 25; the Hang Seng Tech Index fell 49.35 points, or 1.13%, to 4,311.78; the Hang Seng China Enterprises Index (HSCEI) dropped 100.23 points, or 1.21%, to 8,165.78; the Hang Seng Red Chip Index declined 32.60 points, or 0.81%, to 3,987.52.

European electric vehicle sales rose over 50% YoY last month as surging fuel prices prompted consumers to shift away from internal-combustion cars. EVs now account for nearly one-third of sales on the continent. Luxury marques are transitioning: Bentley launched its first battery-electric model. Fuel costs have climbed this year amid the Ukraine war and a Gulf conflict, accelerating EV adoption in other regions. In the US, the Trump administration has canceled clean-energy tax incentives, but US EV sales are still expected to grow sharply. South Africa, Africa’s largest vehicle producer, is accelerating a shift from internal-combustion to electric-vehicle manufacturing.