The China Federation of Logistics and Purchasing said the June China Warehousing Index rose to 50.2, up 0.6 ppt MoM, returning to expansionary territory as a wave of major national infrastructure project starts and a synchronized rebound in manufacturing supply-demand boosted warehousing demand.

The Trump administration will approve South32’s $2 billion zinc‑manganese mine in Arizona, the U.S. Forest Service said, planning to issue a decision on Tuesday. The project, near the U.S.–Mexico border in the Patagonia Mountains about 80 km southeast of Tucson, was designated for expedited review by the Federal Permitting Improvement Steering Council and is the first mining project under USDA to receive accelerated treatment. South32, headquartered in Australia, says the site contains one of the world’s largest undeveloped zinc deposits and other minerals critical to steel production and large-format batteries; full production is targeted for 2029. The company plans to prioritise supplying mined copper to U.S. domestic smelters.

Daiwa said channel checks show sporting-goods retail sales value (RSV) slowed QoQ in Q2 and monthly volatility rose, reducing Xtep’s (1368.HK) near-term predictability. The bank flagged that a core-brand transformation will disrupt wholesale channels and require upfront investment, likely diluting near-term revenue and margins; Saucony can sustain high growth but Xtep’s core brand faces slowing growth and intensifying competition. Daiwa trims EPS forecasts by about 12%, lowers its PT to HKD3.9 from HKD5.2 and downgrades the stock to Hold from Outperform.