The pan-European Stoxx 600 index was up 0.2% as trading started, with most sectors in marginally positive territory. Mining stocks led minor gains with a 0.6% uptick, followed by oil and gas, which was up 0.4%. Retail dropped 0.2%, while autos were down 0.1%.

— Hannah Ward-Glenton

China has seen a strong trend of people changing to electric vehicles, with EV retail sales growing 46% year-over-year, said Craig Yan Zeng, chief financial officer of Chinese car portal Autohome.

The country’s auto market performed strongly with a year-over-year growth of 4.2%, Yan told CNBC’s “Street Signs Asia,” adding that China’s “number one export good” is now the automobile.

The younger generation cares about environmental concerns and likes new EV technology such as auto drive, the CFO explained. “EV becomes … young people’s first choice when they select their car.”

China is also able to support its car manufacturers with full EV supply chains, he added.

— Audrey Wan

Singapore’s non-oil domestic exports slid 14.7% year-on-year in May, a larger fall than the 9.8% decrease in April and more than the 8.1% drop expected by economists polled by Reuters.

The May figures also mean that Singapore’s non-oil domestic exports have declined for eight straight months. On a month-on-month seasonally adjusted basis, non-oil domestic exports tumbled by 14.6%, sharply higher than the 1.3% fall forecast.

Government data revealed that both exports of electronics and non-electronics declined, with exports to Hong Kong, Malaysia and Taiwan leading the drop. In contrast, exports to the U.S. and China rose.

Singapore’s total trade declined by 17.9% year-on-year in May, following the 18.9% contraction in the preceding month.

Total exports declined by 15.2%, slightly smaller than April’s 18.1% decrease. Meanwhile, total imports contracted by 20.7%, extending the previous month’s 19.7% decline.

— Lim Hui Jie

Shares of Virgin Galactic jumped more than 40% post-bell after the company announced its first commercial space tourism flight has been scheduled for later this month.

The flight has a targeted launch window between June 27 and June 30. Virgin Galactic said it has plans for a second commercial flight in early August, with monthly commercial flights expected to follow.

Virgin Galactic stock has gained 16.7% this year.

— Alex Harring, Michael Sheetz

Adobe rose more than 3% after the bell following a strong quarterly report and upbeat guidance.

In its fiscal second quarter, the company posted $3.91 in adjusted earnings per share on $4.82 billion in revenue. That exceeded expectations of analysts polled by Refinitiv, who forecasted $3.79 per share and $4.77 billion.

Adobe also offered guidance for performance in the current quarter and full year that was either in line with or exceeded Wall Street expectations.

— Alex Harring

The Nasdaq Composite is on pace to end this week with a bang, up 3.95% since Monday.

This would mark eight weeks of wins if the tech-heavy index holds onto the gain. It also marks its eighth consecutive winning week, a feat the index hasn’t accomplished since 2019. Back then, the Nasdaq scored 10 straight positive weeks, ending on March 1 of that year.

–Darla Mercado, Chris Hayes

The three major future indexes were all near flat shortly after 6 p.m. ET.

All three were within 0.1% of their flatlines.

— Alex Harring