Hang Seng Tech Index extended afternoon losses to 1%; HSI down 0.24%.

US President Trump said the United States could 'operate' the Strait of Hormuz in the future and, if the US were to take charge, it would be paid.

The State Council approved the Expand Consumption '15th Five-Year Plan', calling for measures to raise residents' incomes and support markets. Key measures: improve factor-based distribution policies to reward greater labor input, higher skills and innovation; strengthen wage determination, ensure reasonable wage growth and payment guarantees; establish a minimum-wage adjustment mechanism and steadily raise minimum wages; increase macro guidance on corporate wage distribution; continue improving the business environment for small and micro enterprises and individual proprietors; promote sustained, healthy development of the property market and consolidate the capital market's stable, positive trend; increase urban and rural residents' property income through multiple channels; and bolster redistribution via taxes, social security and transfer payments.