Swedish Metalworkers' Union will suspend industrial action against Tesla from Aug. 19.

Southbound flows (mainland investors into Hong Kong stocks via Stock Connect) net bought CNY 3.667 bln today. Via Shanghai–Hong Kong Connect, Tencent Holdings and Hua Hong Semiconductor were top buys, net +HKD 3.667 bln and +HKD 376 mln; Zhipu was the largest net seller at -HKD 852 mln. Via Shenzhen–Hong Kong Connect, Tencent and SMIC were top buys, net +HKD 1.949 bln and +HKD 634 mln; Lenovo Group was the largest net seller at -HKD 653 mln.

Iran foreign minister Araghchi posted on social media warning US officials that longstanding US intelligence shortcomings have led to repeated miscalculations, citing past moves against Iran as an example. He said the US has now made a 'more serious' miscalculation over the Strait of Hormuz and added that false intelligence is worse than fake news, urging vigilance.