China A-share electronic chemicals sector slid; Zhongchuan Teqi fell more than 10%, while Xilong Science, Zhongjuxin, Sanfu Xinke and Feikai Materials also declined.

Domestic futures were mixed at the morning open: ethylene glycol (EG) and propylene fell over 3%, SC crude fell about 2%; fuel oil, low-sulfur fuel oil (LU) and polypropylene grades (monthly average, bottle-grade) were down over 1%. On the upside, international copper, Soybean No.2, rapeseed meal and lithium carbonate rose more than 1%; cotton yarn, Shanghai copper, soybean meal and glass were up near 1%.

FITCH expects Tesla (TSLA.O)'s battery-electric vehicle business to remain strongly profitable, but warns margins could decline over the next few years as the company rapidly scales significant investments in artificial intelligence.