EMSC reported a magnitude 4.2 earthquake off Chiapas, Mexico; depth 1.0 km.

The European Commission proposed lowering the ETS linear reduction factor to 3.1% for 2031–35 and 1.7% from 2036 onward, down from the current 4.3%. It would cut the Market Stability Reserve intake rate to 12% after 2030 (vs. 24% now), allow international carbon offset credits to cover 2% of emissions reductions by ETS-covered sectors, add 250 million tonnes of domestic carbon removals into the ETS, and frontload 80% of free allowances to industry with the remaining 20% issued only after verified decarbonisation investments.

GigaDevice A shares hit the daily trading limit down in the afternoon; turnover 22.338 bln yuan. Hong Kong-listed GigaDevice (03986.HK) fell 10.33%.