ANZ analysts said in a research note that higher energy prices and an overnight tech-led Nasdaq sell-off weighed on risk appetite, but copper remained near record highs on constrained supply. Workers at Chile's Centinela copper mine are on strike, tightening supply. Chinese traders returning after a week-long holiday have been broadly optimistic, providing additional support. ICE data show LME three-month copper up 1.1% at $14,461.50/ton.

The Central Committee of the Communist Party of China and the State Council issued Opinions on developing new-quality productive forces, directing a forward-looking push to cultivate ‘future industries.’ The paper instructs exploration of multiple technology routes, application scenarios, business models and regulatory frameworks, and singles out quantum technology, biomanufacturing, hydrogen and fusion energy, brain–computer interfaces, embodied intelligence and 6G as priority sectors to accelerate a complete industrial ecosystem. It calls for establishing investment-growth and risk-sharing mechanisms, fully leveraging existing fiscal policy to support these industries, and steering sustained private capital inflows.

At Ukraine's request, the UN Security Council will meet at 2200 Kyiv time tonight to address Russia's escalating attacks, including drone strikes, Ukraine's foreign minister said.