HSBC said if the agreement breaks down or is delayed, Brent crude could rebound into the $90/bbl range and may return above $100/bbl.

June 15 — China's Li presided over the State Council's 20th thematic study on strengthening implementation of the main functional areas strategy to advance regional coordinated development. He called for implementing Xi's instructions and central-level decisions, tailoring plans to local resource endowments and comparative advantages, and optimizing spatial layouts for agriculture, ecology and urban areas. The State Council urged further institutionalizing the main functional areas framework, applying zoned and category-specific policies, and steering territorial development and protection toward clear functional delineation, complementary regional strengths and high-quality growth to support regional coordination and the optimization of major productive-capacity layouts.

China A-shares industrial metals sector slipped intraday; Shengda Resources was locked at the daily down-limit, while Xin Weiling, Tianshan Aluminium, Mingtai Aluminium, Jin Chengxin and Aluminum Corp of China (Chalco) also fell.