U.S. equity markets slipped into negative territory, casting shadows on Asian trading. According to Ming Pao's reporting, the Hong Kong ADR Index—a barometer of Hong Kong-listed American Depositary Receipts—offers insight into morning trading expectations. When adjusted proportionally, the ADR metrics suggest the Hang Seng Index may open roughly 86 points lower, settling around 26,748 points. Overnight, the index dipped 228 points to close at 26,590, reflecting weakness transmitted through ADR-tracked securities and broader market sentiment as U.S. indices retreated.