EV stocks fell in overnight trading. XPeng Inc. fell 4%; Li Auto, ZEEKR fell 2%; Lucid Group Inc, Tesla Motors fell 1%.

Grab Holdings fell 2.3% in overnight trading.

Big tech stocks edged down in overnight trading after White House plans to impose tariffs on semiconductor and pharmaceutical imports pushed US futures down.

Investors are still struggling to game out the economic spillovers of the trade war given the back-and-forth in negotiations. While US officials insist the tariff strategy is carefully constructed, critics see the trading order as subject to the whims of a transactional president. The White House on Monday announced trade probes into semiconductors and pharmaceuticals, seen as a precursor to imposing tariffs that threaten to broaden Trump’s sweeping US trade war.

Advanced Micro Devices, Intel fell 1%; NVIDIA, Palantir Technologies Inc. fell 0.5%; Apple fell 0.2%.

Netflix aimed to achieve a $1 trillion market capitalization and double its revenue by 2030, ambitious goals that show its growing heft as the largest global streamer, WSJ reported. Netflix shares gained 1.5% in overnight trading.

President Donald Trump said he is exploring possible temporary exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing. Auto shares jumped again in overnight trading. Honda rose 3%; Toyota rose 2.3%.

APPLIED DIGITAL CORP reported third-quarter earnings that beat analyst expectations, but revenue fell short of estimates, sending shares down 14% in overnight trading.

The Metals Company and rare earths miner MP Materials surged again in overnight trading following a report that U.S. President Donald Trump was considering an executive order enabling the stockpiling of deep-sea metals.