Federal Reserve Governor Bowman said the Fed was correct to keep a dovish tilt in its April 29 policy statement.

Chaoda Equipment chairman Chen Cunyou said the company has shifted over the past year from a single-product manufacturer to an integrated solutions provider. Management has clarified a strategy with new energy as the core and intelligent equipment as the expansion direction; R&D investment continues and the business is extending into new-energy components and smart equipment while reinforcing its molds, jigs and automation tooling base. Forward-looking projects, including intelligent plant-protection robots, are progressing steadily.

Trump said ships stranded in the Strait of Hormuz may begin to return.