Goldman Sachs' trading desk points out that the internal structure of the US stock momentum factor is undergoing significant changes. The report states that the overlap between 12-month winners and 3-month winners has fallen to a multi-year low, while the overlap between 12-month winners and 3-month losers is nearing a high level, causing the 3-month momentum portfolio to begin deviating significantly from the 12-month momentum portfolio. This change is already reflected in sector weighting. Software currently has the largest weighting on the 3-month momentum bullish side and also the largest weighting on the 12-month momentum bearish side. On the same trading day, semiconductors fell by about 6.5%, while software rose by about 1%, indicating that market sentiment regarding "who the new winners are" within the technology sector is changing.

According to Al Arabiya TV, U.S. Ambassador to Israel Mike Huckabee stated that he does not believe the Mecca Defense Agreement signed by Saudi Arabia, Turkey, and Pakistan will undermine regional stability. He pointed out that the three countries believe strengthening security cooperation is beneficial and "do not appear to have any intention of provoking any conflict."

The European-Mediterranean Seismological Centre reports a 4.2-magnitude earthquake in Chiapas, Mexico.

According to Reuters, shipping data in the Strait of Hormuz shows that the geopolitical stalemate between the United States and Iran has not improved.

Hong Kong-listed new energy vehicle stocks rose, with NIO-SW (09866.HK) and Li Auto (02015.HK) up more than 5%, XPeng Group (09868.HK) up 3.7%, Xiaomi Group (01810.HK) up 3.6%, and Leapmotor (09863.HK) up 3.2%.

The yield on Japan's 40-year government bonds fell 9.5 basis points to 4.055%.