South Korea's KOSPI pared losses to under 3% after plunging nearly 7% at one point.

Lianhe Power told investors its first 800V active-suspension hydraulic pump entered mass-production and was delivered in May. The company is developing both hydraulic and mechanical active-suspension solutions and plans to expand into rear-wheel steering and braking systems, and expects the business to grow rapidly.

At the morning session close, China’s most-active futures were mixed with losses dominant. Shanghai crude (SC) slid over 5%; LPG and paraxylene fell more than 4%; PTA, fuel oil and methanol dropped over 3%; bitumen and synthetic rubber were down about 3%. Gains: platinum rose over 5%, palladium nearly 3%, Shanghai silver up more than 2%; rapeseed meal, Shanghai gold, lithium carbonate and soybean meal gained over 1%, rapeseed up about 1%.