WTI crude fell below $77/bbl to its lowest level since March 10, down 5.39% on the day.

U.S. and Iran confirmed a ceasefire memorandum overnight, lifting risk appetite — Wall Street rallied and the Golden Dragon China index ticked up. After a two-day rebound investors turned cautious; Hang Seng opened down 16 pts at 24,826 and slid as much as 350 pts to 24,492. By mid-session the Hang Seng was down 1.25% and the Hang Seng Tech index down 1.61%; turnover HKD133.73bn. Sector moves: rare-earths, computer hardware and recent AI listings held up; commercial space, solar PV and road transport led gains; coal and mainland brokers bounced. Weakness in nonferrous metals, online education and alcoholic beverages persisted; tea-drink, internet healthcare and sporting-goods names extended declines. Notable stock moves: Andeli Juice (02218.HK) +35%; CHINA'S WERIDE‑W (00800.HK) and Lead Intelligent (00470.HK) >+10%; Zhipu (02513.HK) +9%. Minmetals Resources (01208.HK) -10%; China Hongqiao (01378.HK) and Laopu Gold (06181.HK) -~6%; China Resources Mixc Lifestyle (01209.HK) -~6%. Internet names Kuaishou (01024.HK) -4.2%; Bilibili (09626.HK), Meituan (03690.HK), SenseTime (00020.HK) and Baidu (09888.HK) each down >3%.

German Association of the Automotive Industry (VDA) president Hildegard Müller said the European Parliament has finally approved the EU-US tariff deal and it must now be formally ratified without delay. She said all parties must honor the agreement reached last summer and that, once the EU fulfills its commitments, President Trump will withdraw his current tariff threat.