France's prime minister said the government will declare a state of emergency if deemed necessary.

PBOC's Pan said the central bank, together with the Financial Regulatory Administration and the CSRC, will establish a liquidity-support tool to address large redemptions at non-bank institutions. The measure is intended as a bond-market stabilization mechanism and a new PBOC macroprudential instrument. It will be activated in scenarios of collective liquidity stress at asset managers and a redemption-to-sale negative loop in the bond market. Operations will require meeting macroprudential conditions and provision of high-grade collateral to avoid pricing distortion and a perceived blanket backstop, and to preserve market discipline. Eligible entities include bank wealth-management subsidiaries, public fund managers, and their parent banks or securities firms.

Vessel tracking data show a fully laden Qatari LNG tanker is making a rare northbound transit through the Red Sea en route to deliver gas to Europe.