Hong Kong-listed coal shares rose in choppy trade: 01898.HK, 01171.HK and 01277.HK climbed more than 8%, 03668.HK gained over 6%, and 01088.HK advanced about 2%.

UK Chancellor Reeves was offered another government post but declined.

UK Prime Minister Burnham formally accepted the mandate to form a government and pledged to drive UK reindustrialisation via public procurement and returning key essentials to public control. He said powers will be devolved from Westminster to the regions and a new 10-year industrial plan will be published later this year. Cost-of-living measures — with a published cost assessment — will be announced tomorrow. Plans also include increased council housing and measures aimed at ending rough sleeping. Burnham said the government will continue to follow fiscal rules and meet defence commitments. His first foreign calls will be to US President Trump and Ukrainian President Zelenskiy; he said support for Ukraine will remain unchanged.