CITIGROUP says China Unicom (00762.HK) Q3 revenue rose 1% YoY to RMB93.3 bln, roughly in line with its forecast of +1% and market consensus of flat; revenue was down 5% QoQ. CITIGROUP maintains an upgrade on China Unicom H shares with a PT of HK$7.

Iranian deputy navy commander Rear Admiral Jalil Moghadam told Iran’s news agency that during a 40-day conflict beginning Feb. 28, Iranian naval and coordinated land-naval forces carried out more than 20 operations against US warships and roughly 300 actions against US interests, including missile and drone strikes. He said the operations show Iran’s navy retained sustained combat capability and rejected US claims its naval power had been destroyed, adding US and Israeli forces kept several hundred kilometres offshore, especially around the Strait of Hormuz. Moghadam said Iran’s naval capability and equipment improved after the 40-day period and warned Iran would conduct larger operations if conflict recurs.

German government bonds extended gains; 10-year yield fell 5bps to 3.32%.