China oil-themed LOFs opened sharply higher: Southern Crude Oil LOF, E Fund Crude Oil LOF and Harvest Crude Oil LOF rose more than 5%; Oil LOF and Huabao Oil & Gas LOF climbed over 3%; Petroleum Fund LOF and Global Oil & Gas Energy LOF gained over 2%. The move followed President Trump saying, “If Iran does not sign the agreement, tomorrow (EDT on the 11th) we will bomb them to smithereens,” calling the deal “the most violated ceasefire in history.” Iran announced it has closed the Strait of Horm

South Korea's KOSPI fell 4.00% intraday to 7,412.30 points. Japan's Nikkei 225 slipped below 63,000, its lowest level since May 22, down 1.91% intraday.

Secretary for Financial Services and the Treasury Xu Zhengyu said two licensed stablecoin issuers participated in HKMA-led CBDC and tokenized-deposit pilots, partnering with local telecoms, payments and digital-asset firms. The HKMA has set up an Ensemble project architecture working group to establish local unified standards and enable interoperability between CBDC, tokenized currency and tokenized assets to allow seamless fund and asset flows within the tokenization ecosystem. Building on Ensemble sandbox results, the HKMA launched the EnsembleTX platform in November to support real transactions of tokenized deposits and digital assets in a controlled pilot, initially promoting use of tokenized deposits in tokenized money-market fund trades for real-time liquidity and funding management.