A Kremlin spokesman said Russia believes its victory in the conflict in Ukraine is imminent.

China A-share retail sector opened sharply higher; Baida Group posted its fourth consecutive limit-up and Zhongbai Group its second. Zhejiang Dongri climbed over 6%; Central Department Store, Guofang Group and Xiangjiang Holdings also advanced.

Tasnim reported First Vice President Mohammad Reza Aref said the government will gradually phase out subsidies on imported gasoline; only about 15% of gasoline consumption is currently subject to the new pricing. The government has arranged for public transport vehicles to access gasoline at appropriate prices and approved a resolution prioritizing the retirement of aging vehicles and replacement with dual‑fuel and electric vehicles.