India's mines minister said critical minerals are among BRICS' key agenda items.

CSI Convertible Bond Index opened down 0.29%. Largest decliners: Jincheng convertible bond -4.16%, Jin25 convertible bond -3.04%, Ruike convertible bond -2.55%, Hejin convertible bond -2.21%, Qizhong convertible bond -2.15%. Top gainers: Youcai convertible bond +15.96%, Guiran convertible bond +1.69%, Lanxiao 02 convertible bond +0.94%, Sanjiang convertible bond +0.78%, Kema convertible bond +0.76%.

AFP reports Houthi forces have taken control of the Bab el-Mandeb strait, which links the Red Sea and Gulf of Aden and carries roughly 10% of global trade. The move creates a second major chokepoint for vessels transiting to the Suez Canal, raising near-term disruption risk for oil and commodity shipments alongside Iranian interference in the Strait of Hormuz.