The Wall Street Journal reports officials say an internal power struggle in Iran is jeopardizing US‑Iran peace talks. Civilian leaders led by President PEZESHKIAN are pressing to unfreeze billions of dollars in assets to ease widespread hardship. Hardline forces, including the Islamic Revolutionary Guard Corps (IRGC), seek full control of the Strait of Hormuz and propose a transit-fee regime to fund armed forces and shape regional security. The IRGC has told mediators in Doha it would close the

Hang Seng Index closed down 0.63% at 22,881.02 after an intraday drop of more than 300 points; the Hang Seng Tech Index outperformed, rising 1.80% to 4,472.23. Hong Kong turnover was HKD 308.05 bln, down from HKD 315.38 bln in the prior session. Optical-communications and semiconductor sectors led gains; robotics strengthened in the afternoon while innovative drugs, consumer, precious metals and oil & gas underperformed. Notable movers: new listing True Health Medical (02697.HK) +216.96%, Xunlong Technology (06715.HK) +50.99%; Dida Chuxing (02559.HK) +88.19%; Haiguang Xinzheng (01191.HK) +16.24%; Yangtze Optical Fibre & Cable (06869.HK) +6.68%; SMIC (00981.HK) +5.42%; UBTECH (09880.HK) +7.48%; Want Want China (00151.HK) -12.85% after results.

Night session open: China’s main domestic futures mostly higher. Synthetic rubber, PVC, SHFE tin, benzene and SHFE silver rose over 1%; low-sulfur fuel oil (LU) and stainless steel (SS) gained about 1%. Rapeseed meal fell over 1%; palm oil was down around 1%.