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CNBC Daily Open: Fights in Mickey's club house

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Tentative Asia
Hong Kong shares led gains in Asia-Pacific on Tuesday after returning from an extended Easter long weekend. The Hang Seng Index jumped 2%, outpacing slim gains for Japan's Nikkei 225 and Korea's Kospi, which closed up 0.1% and 0.2%, respectively. China's CSI 300 was down 0.5%. U.S. stocks got off to a tentative start for the second quarter as Treasury yields rose on Monday. Investors weighed Federal Reserve Chair Jerome Powell's Friday comments that there is no hurry to cut rates even though economic growth remains strong and inflation is still above target.

Xiaomi EV love
Shares of Chinese smartphone maker Xiaomi surged as much as 16% after the company launched its SU7 electric car. As of Tuesday morning, Xiaomi's online store showed wait times of at least 5 months for a basic version of the SU7. The company had said it received orders for more than 50,000 cars in the 27 minutes after sales started at 10 p.m. Beijing time Thursday.

Making Japan great again
Tokyo smells an opportunity for Japan to reclaim its former world-leading position in chip making. With the U.S. and China at odds, the Kishida government is eager to reinsert Japan into the chip manufacturing conversation, which is dominated by Korea and Taiwan in Asia. On Tuesday, Japan announced 590 billion yen ($3.89 billion) in additional subsidies for Rapidus Corporation, a fresh Japanese venture to spearhead this ambition in Hokkaido.

Rumbling signs of life
The IPO market in the U.S. is showing signs of revival after