FITCH says Hungary's euro adoption timetable is conditional on substantial fiscal consolidation and completion of legal and institutional preparations.

Hong Kong stocks closed lower: the Hang Seng Index fell 0.73% and the Hang Seng Tech Index fell 1.48%. Major decliners included Longfor Group (00960.HK) down about 7%, HSBC Holdings (00005.HK) down more than 5% and Xiaomi Group (01810.HK) down more than 4%.

At the morning close, China's main futures contracts were mostly lower. Container shipping to Europe slid nearly 5%. Styrene (EB), palm oil and benzene fell over 3%; caustic soda, low-sulfur fuel oil (LU), paraxylene (PX) and soybean oil were down more than 2%. On the upside, lithium carbonate gained over 3%; asphalt and live hogs rose more than 2%; polysilicon was up nearly 2%; LPG and Shanghai lead advanced over 1%; polypropylene and soda ash rose about 1%.