Japan's Nikkei 225 index opened up 79.28 points, or 0.12%, at 68,812.43 on Friday, July 3.

The State-owned Assets Supervision and Administration Commission (SASAC) held a meeting to deploy penetrative (through-the-entity) supervision for SOEs, citing recent instructions from the CPC Central Committee and the State Council and national mobilization on deepening SOE reform. The meeting said penetrative supervision is a core task for improving state-asset oversight and promoting high-quality SOE development, and that central authorities have made it a priority this year. SASAC ordered accelerated construction of intelligent penetrative-supervision systems, reform of the supervisory framework, strengthened penetrative oversight in key sectors, and closure of supervisory loops. It also called for stronger leadership, resource guarantees and talent development to raise regulatory effectiveness.

At the morning session close, most domestic main futures contracts advanced. Palladium and Shanghai silver rose over 4%, platinum nearly 4%. Asia–Europe container freight and synthetic rubber gained more than 3%. Shanghai gold, LPG, asphalt, methanol and propylene were up over 2%. On the downside, alumina, iron ore, corn, starch and fiberboard fell more than 1%, while palm oil and plywood declined about 1%.