As of 02:30, Shanghai gold most-active contract rose 0.41% to 958 yuan/gram; Shanghai silver most-active contract rose 0.82% to 16,134 yuan/kg; Shanghai crude oil (SC) most-active contract rose 4.91% to 597 yuan/barrel.

Goldman Sachs initiates coverage of Luxshare Precision (02475.HK) with a Buy rating and HKD93.2 target price. The bank forecasts revenue CAGR of 24% for 2025-28 and projects 2026/27 net profit of RMB25.615 bln and RMB36.466 bln, respectively—about 18% and 30% above consensus. Key drivers cited: stronger-than-peer Apple (AAPL.O) demand despite elevated memory costs, rapid scaling and share gains in the AI server business, product mix shift from consumer electronics toward data centers supporting higher margins, and cost controls reducing the operating-expense ratio.

Iran said more than 200 enemy aircraft were shot down in recent fighting.