Waller said he is also concerned monetary policy may still need to tighten further.

The General Office of the CPC Central Committee and the General Office of the State Council issued opinions setting long‑term targets to strengthen China’s natural resource asset management. By 2030 the plan aims to clarify management responsibilities, compile clear natural‑resource asset inventories, strengthen protection of resource assets and national land space, boost asset‑allocation efficiency and tighten assessment and supervision. By 2035 the authorities seek a fully established, smoothly operating, system‑wide natural‑resource asset management framework and an across‑the‑board improvement in management standards.

SK Hynix's US-listed shares fell more than 9% in their second day of trading.