Baltic Dry Index (BDI) rose 2.21% to 2,732 points.

Xiexin Nengke hit the daily price limit. A single broker seat recorded CNY414.62 mln in turnover, equal to 28.69% of the stock's daily trading value, with CNY299.54 mln in buys and CNY115.08 mln in sells (net buy CNY184.46 mln). Shenzhen Stock Connect special account bought CNY94.23 mln and sold CNY42.93 mln; Ping An Securities Shenzhen Shennan East Road Luohu business center sold CNY11.56 mln. Institutional accounts bought CNY187.23 mln and sold CNY39.19 mln (net buy CNY148.03 mln).

UEDA said a rapid, forced rate hike would destabilize markets and undermine the government's efforts to spur investment and growth.