In A-shares, GigaDevice's turnover exceeded RMB 20.0 bln; the stock is trading down 7.87%.

CENTCOM said US forces at 6:00 a.m. ET launched a series of strikes on Iran aimed at further degrading Iranian military capabilities used to attack commercial shipping in the Strait of Hormuz.

Facing rising geopolitical risk, PM Modi is pursuing measures to reduce India’s reliance on critical imports to protect supply chains and ease currency pressure. The commerce ministry is drafting a list of more than 100 products — including electronics, chemicals, key pharmaceuticals, fertiliser, semiconductors, autos and machinery — to scale up domestic production. The cabinet approved an additional 1.9 tln rupee ($19.7bn) of fiscal support for chip and smartphone manufacturing and a policy to raise domestic fertiliser output after supply concerns tied to a potential Strait of Hormuz disruption. The government aims to cut fertiliser imports by 30% over three years and plans to restart idled domestic fertiliser plants, with some projects expected within a year. Authorities may offer incentives to private and foreign investors to build local plants and could require state-owned firms to expand capacity via joint ventures.