China A-share industrial machine-tool sector weakened intraday; Rongtai Co. hit the daily limit down. Guangli Technology dropped over 10%; De'en Precision, Jin Taiyang, Walde, Huarui Precision and Haozhi Electromechanical also fell.

Traffic through the Strait of Hormuz has again been disrupted, exposing oil markets to a supply shock similar to March’s outage that removed roughly 4 mln bpd. An IMF blog on Wednesday says the March–May shortfall of about 4 mln bpd was largely absorbed by drawing inventories. The IEA previously executed its largest strategic release, putting roughly 400 mln barrels from emergency stocks into the market, and other major consumers trimmed refinery runs and relied on domestic stocks. IMF warns most of that shock absorber has been consumed; without inventory replenishment the world will be more exposed to any subsequent shock.

滬深兩市成交額連續第68個交易日突破2萬億元。