China ADRs and ETFs fell in overnight trading. JD.com fell over 4%; XPeng, YINN, Li Auto fell 3%; NIO, PDD Holdings, Alibaba fell 1%.
Some robotic shares rose in overnight trading. Richtech Robotics rose 9%, Symbotic rose 4%.
U.S. Steel shares rose nearly 3% in overnight trading as President Donald Trump announced his support for a "partnership" with Nippon Steel.
"US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh," Trump said in a Truth Social post, adding that the "planned partnership" between America's US Steel and Japan's Nippon Steel would create at least 70,000 jobs and add US$14 billion to the US economy.
EHang Holdings Ltd, a leader in autonomous aerial vehicle (AAV) technology, saw its stock price plummet 9.7% in overnigt trading. EHang posted a quarterly adjusted loss of 0.42 yuan per share, compared to a loss of 0.14 yuan per share in the same quarter last year.
EHang reported a substantial 57.5% year-over-year decrease in revenue, with Q1 2025 sales coming in at just 26.09 million yuan ($3.60 million), far below analyst expectations of 150.94 million yuan.