U.S. Vice President Vance said Iran could receive a $300 billion reconstruction fund financed by Gulf states, but only if Iran fulfils specified obligations. He said the U.S. is willing to discuss multiple proposals but denied that releasing $24 billion in frozen Iranian assets is part of any agreement. The agreement text has not been published; Vance said further technical details would be negotiated after any signature. He reiterated funds would be permitted only after Iran commits not to deve

Goldman Sachs estimates IPO lock-up expiries could introduce about $274bn (HKD2.13tn) of newly tradable stock supply in Hong Kong over the next 12 months. The bank expects strong demand — particularly from passive index funds and southbound flows — to act as a key liquidity buffer and absorb much of the supply. Historically, stocks typically fall 4–7% in the 3–6 months after lock-up expiry with wide cross-sectional dispersion; near-term returns are driven by the proportion of shares unlocked relative to total equity, while mid-term returns are linked to the post-unlock increase in free float and pre-expiry price performance. Companies with high cornerstone ownership, especially domestic cornerstone investors, tend to face larger sell pressure when lock-ups end.

伊朗革命卫队：伊朗人民和武装部队已证明，敌人除了接受失败与屈服之外别无他路。