US 10-year Treasury yield little changed after US retail sales release, up 1.54 bps at 4.443%.

美國總統特朗普：如果人們想要投資伊朗，他們確實有石油。

Chinese fiber-optic manufacturers are accelerating R&D to serve AI compute and high-speed interconnect demand. A Suzhou-based fiber-and-cable producer has sharply increased R&D spending this year, leveraging advantages from domestically controllable optical-fiber preform production to develop low-latency, high-bandwidth, high-density cabling for AI data centers, focusing on multi-core fiber and hollow-core anti-resonant fiber to speed product iteration and target global compute-fiber market share.