Explosions have been heard in Kyiv since about 02:15 local time on the 2nd; Kyiv military administration head Tkachenko says Russian forces are launching ballistic missiles at the city.

China International Capital Co maintains its annual outlook for H2: international order reconfiguration and China’s industrial-innovation trend remain the primary drivers of this cycle’s upside and China-asset repricing, and those conditions are intact. The A-share market is therefore better positioned for a long, steady advance than a rapid rally. With investor risk appetite and bullish expectations elevated, CICC flags H2 focus on external conditions and global cyclical sectors—especially AI—and on liquidity/flow dynamics. Overall valuations are reasonable but there are pockets of overvaluation; guard against sectoral fragility and volatility risk.

Meituan (03690.HK) CEO said rising fuel prices will pose near-term challenges for long-haul travel and upscale hotels.