China A-share brokerage stocks rose after intraday volatility; Hualin Securities hit the limit-up, Guosheng Securities gained nearly 5%, and Xiangcai, Jinzheng, Compass and Guoyuan Securities also advanced.

美国原油期货结算价为每桶85.76美元，上涨2.36美元，涨幅2.83%。

The SEC has stepped up scrutiny of special-purpose vehicles (SPVs) used to hold private-company stakes, asking registered investment advisers to provide evidence that their SPVs actually own the claimed shares, the Wall Street Journal reports. Officials moved after an uptick in SPV marketing and investor complaints ahead of high-profile potential listings including SpaceX and Anthropic, people familiar with the matter said. Examinations typically include document requests and, in some cases, on-site interviews; reviews can run from several weeks to as long as a year.