Five Things You Need to Know to Start Your Day: Asia

US prepares ban on Chinese, Russian car technology. Sri Lanka elects political outsider as president. Asian stocks are set to fall. Here’s what you need to know today.

The US Commerce Department is planning to reveal proposed rules that would ban Chinese- and Russian-made hardware and software for vehicles as soon as today, according to people familiar with the matter. Commerce has been meeting with industry experts in recent months looking to address security concerns raised by a new generation of cars. Many of today’s vehicles are equipped with devices connecting them to the internet or cloud services, making them potential hacking targets. The move would include bans on the use and testing of technology for automated driving systems and vehicle communications systems, the people said.