Hong Kong-listed auto stocks were mostly firmer: Chery Automobile (09973.HK), XPeng Inc (09868.HK), Leapmotor (09863.HK) and SERES (09927.HK) each rose more than 3%, while Li Auto Inc (02015.HK) and BYD Co Ltd (01211.HK) gained over 2%.

Micron Technology (MU.O) said it aims to increase US-based DRAM production to 40% of its global DRAM output by a specified future date.

Think tank Signal49 forecasts the Bank of Canada may keep policy rates unchanged indefinitely, with its projection window running through 2030. It says policymakers will aim to support a struggling economy until conditions normalize toward the end of the decade. Signal49 expects GDP to rise just 0.5% this year amid near-zero population growth and US trade policy uncertainty; higher energy prices and weak consumer confidence will constrain consumer spending. Excluding infrastructure and defence, government spending is expected to be limited. The wider economic softness should reassure the BOC that inflation is likely temporary.