State TV said Iran's supreme leader Mujtaba met President Pezeshkian as Pezeshkian begins his third term. They discussed household livelihoods, the ongoing third war of aggression, future prospects, military development and economic engagement with foreign partners.

A-share film and cinema sector opened higher; Beijing Culture hit the daily limit-up, Huazhi Digital Media approached a 20% limit-up, and Ruyi Film, Happiness Blue Ocean and Bona Film Group opened sharply higher.

Hungary's central bank reiterated support for the government's efforts to meet euro-area entry criteria, saying membership would benefit the economy. The central bank's deputy governor said the bank will play a constructive role in meeting entry conditions while maintaining price stability and cited the government's 2030 qualification target. Since the April election win the forint and Hungarian sovereign bond prices have risen. He said euro-area standards—fiscal stability, low inflation and low yields—are beneficial though a common currency carries trade-offs, added that inflation this year could be below 2%, and reiterated the bank would consider lowering its 3% inflation target to align with the euro area.