Baiwei Storage shares rose nearly 10% intraday, topping CNY 358 and pushing market capitalization to about CNY 170 billion, a record high.

China's Ministry of Foreign Affairs spokesperson Lin Jian, responding to a statement from Philippine defence minister Teodoro that he will remain in his post, said Teodoro is misrepresenting facts and staging politically motivated theatrics for personal gain. The ministry said such irresponsible actions by a small group are aggravating China-Philippines disputes, worsening bilateral relations and ultimately harming the interests of the Philippine state and people.

France May CPI final MoM reading due in 10 minutes.