KOSPI futures rose more than 5%, triggering a five-minute trading halt on the Korea Exchange.

Hong Kong-listed tech stocks extended gains; Xiaomi Group (01810.HK) rose over 5%, JD Health (06618.HK) rose over 4%, and AliHealth (00241.HK), Baidu (09888.HK) and Tencent Holdings (00700.HK) also advanced.

Deputy Prime Minister Novak has ordered agencies and energy firms to draft measures to stabilize supply in Russia’s hardest-hit regions, TASS reported on the 2nd. Novak said Russia has ample fuel stocks to meet domestic demand but panic buying has lifted demand by about 20–30%. Local shortages at some filling stations reflect refiners redirecting deliveries to specific depots and stations; re-routing logistics will take time. To secure domestic supply, Novak said Moscow could introduce a short-term diesel export ban.