Iran's acting defense minister said Iranians had paid a heavy price to defend the country's independence, security and territorial integrity, and would not allow pressure or coercion to erase the gains of that resistance.

Aug 11 evening — Yushu Technology released IPO allotment results. Online allotment rate 0.01809759%, among 93 new listings year-to-date this ranks at the low end. Offline placement ratio 0.03341824%, sixth-highest among 46 new listings with offline allocations this year. Year-to-date highest online allotment remains Changxin Technology at 0.47141739%; Yushu’s online rate is 3.8% of Changxin’s (under 1/26) and its offline rate is 19% of Changxin’s (under 1/5). Changxin’s final online-issued shares represented approximately 63.93% of issuance after full exercise of the overallotment option and after deducting final strategic placements; Yushu’s final online-issued shares represented approximately 30% of issuance after deducting final strategic placements.

Reserve Bank of Australia is expected to hold the official cash rate at its policy decision due 12:30 Beijing time; Governor Michele Bullock is likely to signal that further rate increases remain possible. The RBA will welcome recent signs of cooling inflation but say the fight against price pressures is not won and express concern about the pace of house-price declines. Officials are also likely to warn the Middle East conflict could become a source of another supply shock.