China's currency, the yuan, depreciated and both mainland China and Hong Kong stock markets experienced declines in response to the potential re-election of Donald Trump as U.S. President.

The outcome of the U.S. presidential election is still uncertain, but initial results suggest that Trump is gaining ground against Vice President Kamala Harris in crucial battleground states.

The CSI300 Index in China, which tracks blue-chip stocks, initially rose slightly at the opening but ultimately fell by 0.27%. Meanwhile, Hong Kong's Hang Seng Index, a key benchmark, dropped by 2.5%. The decline was further exacerbated by a widespread sell-off of tech stocks listed in Hong Kong, with JD.com, a major e-commerce company, experiencing a significant drop of over 5%. Other prominent players in the market, such as Meituan and Alibaba, also saw substantial losses, with each company's stock falling by nearly 4%.