ChiNext index rose over 2% intraday; MLCC, memory, semiconductor and PCB stocks led gains.

Commerzbank analyst Tatha Ghose said the ruble's recent strength—driven by higher energy prices amid Iran-related tensions and a near-term lift to Russia's oil and gas revenues—is unlikely to persist. Ghose expects energy prices could fall by year-end and says refinery damage from Ukrainian strikes, together with renewed US sanctions, will probably prevent Russia from exploiting OPEC+'s expanded production quotas in the medium term. Once the oil-price windfall fades, she expects the ruble to resume depreciation.

Israeli i24 news reports a red alert has been sounded in northern Israel.