Moody's upgraded Pakistan's credit rating to B3 from Caa1.

据沙特媒体哈达斯（Alhadath）援引以色列高级军事官员称，约旦河西岸的安全形势不同于加沙和黎巴嫩，因为这里不存在明确的边界分隔。该官员指出，以色列领导层不了解约旦河西岸的性质和构成，当前局势预示着一场无法在安全层面控制其后果的爆发似乎不可避免。该名官员补充称，约旦河西岸的冲突接触点数量已从200个增加至400个，而以色列无法在超过400个据点和定居点周边部署军队，冲突接触点增加正在消耗以军的能力。

Great Wall Fund says China A-share market is in a consolidation phase: market activity remains but risk appetite has weakened as investors cash out high-flyer growth positions without forming a new coordinated bid. Leadership is shifting from a single tech-driven spillover to a more balanced pattern — core tech retained, dividend and defensive sectors providing support, and healthcare/consumption rotating in. Outlook: expect continued churn and short-term volatility, but a low probability of breaching prior lows. Tactical focus: 1) energy-security and dividend assets such as oil & petrochemicals, coal and banks — rationale is stable cash flow with oil at mid-to-high levels and defensive characteristics from low valuations; 2) concentrated AI hardware plays — prioritize optical modules, switches, servers, PCB, semiconductor equipment/materials and HBM where mid-year results and order visibility can verify demand; 3) pharmaceuticals and select domestic-demand resilient sectors — low crowding and earnings potential to help hedge tech volatility.