China A-share lab-grown diamond sector opened lower then rallied; Huifeng Diamond jumped over 11%, with Ye Guangming, Zhongbing Hongjian, Hengsheng Energy, Huanghe Xuanfeng and Sifangda also trading higher.

A 286-ton Busan-registered tug capsized off Busan at about 13:30 local time on the 2nd with eight people aboard. One person has been rescued; the Korea Coast Guard is conducting search-and-rescue operations. South Korea's President Lee and Prime Minister Han ordered all available resources to be deployed to the scene.

IKEA Group will cut prices on more than 1,500 SKUs by 15–25%, concentrated in Europe. IKEA China customer service says it has not received any notice to lower prices in China; final prices remain as shown on the official website. Customers who see a price change within about one week of purchase should contact IKEA’s official hotline; the retailer’s official mini-program customer service also reports no price-cut notice for China.