Southbound flows net bought 1.275 bln yuan today. Via Shanghai Stock Connect, Xiaomi Group-W and China Life were net bought HKD 1.033 bln and HKD 230 mln; Huahong Hongli led net sales at HKD 583 mln. Via Shenzhen Stock Connect, Zhongji Xuchuang and Xiaomi Group-W were net bought HKD 367 mln and HKD 351 mln; MINIMAX-W led net sales at HKD 370 mln.

Stephen Zunes, founding director of Middle East Studies at the University of San Francisco, says Iran will find it difficult to enforce an exclusion zone near the Strait of Hormuz and it is hard to see how Tehran could compel compliance; Iranian vessels and aircraft attempting enforcement would be highly vulnerable to U.S. strikes. He says the move may be more a warning — shipping firms still face risk and cannot assume consequence-free transits — and Tehran may be seeking to provoke a broader U.S. military response, which could provide a pretext for attacks on neighboring states and U.S. regional facilities, potentially eroding U.S. public support for sustained conflict while consolidating domestic unity amid worsening economic strain.

Trump's son-in-law Kushner: US is constructing a "peace plan".