Spot gold fell 0.5% intraday to $4,264/oz.

Changan Auto has established an AD Collaborative Development Department — AD denotes the initials of Avita and Deep Blue — as a top-level unit. It has created second-level divisions including Planning & Cooperation, Market & Product, Shared HR Center, Shared Finance Center and a General Affairs department to assume businesses entrusted by Avita and Deep Blue. Changan proposed Avita set up shared/collaborative centers for styling design, product development and platform technology to take on Deep Blue‑entrusted work; Deep Blue will dissolve multiple business units and subordinate organizations.

On Sept. 27 Iran's foreign minister said Tehran will not yield to the United States on its stipulated conditions. Reopening of the Strait of Hormuz depends on whether Iran's conditions are met; any progress hinges on their implementation and Iran will not compromise. He said Tehran has been notified of Washington's initial reaction but has not received specific details from mediators, and is awaiting the mediators' final position before deciding.