PVC futures' most-active contract hit the daily up limit, rising 6% to 4,791 yuan/ton.

U.S. Treasury Secretary Bessent said he is confident that, with backing from Japan's prime minister, Bank of Japan governor UEDA will make the right monetary policy decisions.

Financial Times reported large tech firms booked more than $160 billion of unexpected valuation gains last quarter from equity investments in other AI companies, lifting pre-tax profits. Alphabet, Amazon, NVIDIA and Microsoft said the accounting line "other income" was materially boosted by these one-off valuation gains. The gains largely reflect market enthusiasm for AI and could distort assessments of the AI ecosystem’s strength and cyclicality. Goldman Sachs' chief US equity strategist said investors are increasingly asking whether reported growth is demand-driven or, to some extent, misleading.