China A-share fiber-optic sector rallied; Tefa Information hit the daily up-limit, with Changyingtong, Hangdian, Tianfu Communications and Hengdong Optics also gaining.

Houthi militants said they struck Saudi tanker Amzan with a ballistic missile in the northern Red Sea off Yanbu, claiming a direct hit that set the vessel ablaze and forced nearby ships to flee. They framed the attack as part of a campaign to block Saudi maritime traffic — a "blockade-for-blockade" operation — and warned they are prepared to respond to any escalation with stronger, more intense and wider-ranging strikes.

Aug 24, 2026, Beijing — China foreign minister said the Gulf is at a critical juncture and that the old cycle of recurring conflict must not be repeated. He urged disputing parties to seek solutions at the negotiating table rather than by force, said steps toward a ceasefire and ending hostilities must not be reversed, and called on parties to respond to international appeals for peace and to prioritize the welfare of regional populations. The immediate priority is de‑escalation and a return to dialogue. China said it will strengthen coordination with Kuwait and continue contributing to the restoration of regional peace and stability.