A-share CPO sector opened higher; Yangtze Optical Fibre and Cable and Huashengchang hit the daily limit. Futong Microelectronics, Defu Technology and Guanghe Technology were among the top gainers.

Mercer said the estimated funded status of pension plans sponsored by S&P 1500 companies fell 1 percentage point in June to 109% following US equity declines. Mercer estimates the aggregate surplus fell $7.0 bln to $139.0 bln at end-June from $146.0 bln at end-May. Mercer partner Matt McDaniel said strong May nonfarm payrolls increased market bets on Fed hikes later this year, weighing on equities in early June.

JP Morgan CEO DIMON said markets are currently booming and broad-based.