Hong Kong consumer stocks firmed in late trade: Laopu Gold (06181.HK) rose over 11%, Nongfu Spring (09633.HK) rose over 4%, while Buluoke (00325.HK) and Weilong (09985.HK) also advanced.

Axios reports a senior U.S. official said the White House views Netanyahu’s statements on a Gaza plan as election-season political posturing and is unconcerned. The White House understands his domestic political pressures and will not object so long as Israel complies with U.S. requests—particularly to limit strikes on Gaza.

China State Planner and the National Energy Administration issued the 15th Five-Year Plan for coal industry development, calling for accelerated structural upgrades and orderly withdrawal of backward and inefficient coal capacity. The agencies require an establish-before-shutdown approach, coordinating mine closures with regional supply security and implementing exits under market-based, rule-of-law principles. Regional measures: western China to optimize production and speed removal of mines with outdated technology or overlapping ecologically sensitive areas; east-central China to prudently withdraw disaster-prone mines that cannot be effectively remediated and exhausted deposits while addressing legacy liabilities and worker resettlement; southwest and northeast to set region-specific standards to steer small, low-resource, low-safety mines out and use policy guidance and market measures to ensure long-term suspended or halted mines are exited.