Hong Kong-listed mainland property stocks strengthened; Rongxin China (03301.HK) rose over 9%, with CIFI Holdings (00884.HK), Shimao Group (00813.HK), China Jinmao (00817.HK), CHINA RES LAND (01109.HK) and Greentown China (03900.HK) also higher.

美银图表显示，历史上货币市场基金出现明显净流出，通常伴随美联储大幅、连续降息，例如2001年、2008年及2020年前后。当前虽然利率已从高位回落，但货币基金资产过去6个月仍保持增长，说明美元现金并未明显转向股票等风险资产。

A White House official said President Trump's weekend announcement of an 'energy truce' refers to a potential agreement for Russia and Ukraine to halt attacks on refineries, with a possible follow-up to stop strikes on power plants and energy grids. The official described the proposal as a refinery-for-refinery idea but warned it is clearly asymmetric: Ukraine has one refinery that has been repeatedly hit and is not fully operational, while Russia controls a much larger refining network. The official said Ukrainian strikes on Russian refineries have damaged relations between Zelenskiy and Trump more than they have hurt Russia; Trump is reportedly angry and feels Zelenskiy takes the United States for granted. U.S. special envoys Witkoff and Jared Kushner have suspended planned trips to Moscow amid the crisis.