Hong Kong auto sector extended losses: SERES (09927.HK) down over 10%, GAC Group (02238.HK) off about 7% and Lantu Auto (07489.HK) down over 6%.

WTI crude up 3.00% intraday at $73.57/bbl.

At 18:30 on July 12 the Shanghai Flood Control Headquarters ended Level-III flood/typhoon response for the central urban area, Minhang, Songjiang, Qingpu and Jiading, and downgraded the response in Pudong, Jinshan, Fengxian, Baoshan and Chongming from Level-III to Level-IV. The Shanghai Meteorological Observatory at 18:30 downgraded the typhoon warning from yellow to blue. Typhoon No.9 Bavi entered Hexian, Anhui at 18:00. Shanghai is forecast to see southerly winds of 7–8 tonight into tomorrow, with gusts reaching 8–9 along river and coastal areas and at high-rise elevations; authorities warned of adverse effects on high-altitude work, transport and agricultural activity.