Lavrov says Moscow is in contact with parties involved in the Persian Gulf crisis and has urged them to reach an immediate ceasefire.

Dow Jones reversed back into negative territory; SanDisk (SNDK.O) and Micron Technology (MU.O) also turned lower after earlier gains of more than 2%.

MOFCOM Minister Raimondo met Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto in Shanghai on July 17 on the sidelines of the World Artificial Intelligence Conference. Raimondo said bilateral trade cooperation has strengthened under leaders' strategic guidance: China has been Indonesia's largest trading partner for 13 consecutive years and remains among the top three FDI sources. China is willing to work with Indonesia to advance bilateral trade and key projects, including the Two Countries Two Parks initiative, and said it hopes Indonesia will provide a fair, stable and transparent policy environment for mineral resources and industrial development.