Iran's Islamic Revolutionary Guard Corps says Iran continues to control and manage the Strait of Hormuz and will give a "decisive response" to any interference.

Hong Kong stocks extended losses, with the Hang Seng Index sliding below the 25,000 mark, down 1.34% intraday; the Hang Seng Tech Index fell 0.52%.

Copper rose in Asian early trade, with LME three-month copper up 0.2% to $13,554/ton. ANZ research analysts said in a report that the global AI-driven demand surge has shifted market expectations for demand more positively, benefiting copper. They highlighted rising copper use in Australian power infrastructure — including transmission lines and electrical equipment — as reinforcing the bullish case for copper. Overall base metals were mixed as signs of difficult US-Iran peace talks damped sentiment and suggested the Middle East conflict may not end soon. ANZ also noted increased US copper imports ahead of potential tariff measures, which has raised concerns about tightening global supply.