FTSE China A50 index futures fell more than 1%.

BP said plant performance was weaker than in the prior quarter and expects 2026 fuel profits to be affected by developments in the Middle East and related policy actions.

Wednesday Asian trade: spot gold held in a narrow range as a temporary Strait of Hormuz agreement appeared increasingly likely, easing inflation concerns and trimming Fed rate-hike odds. Qatar has drafted a proposal to normalize commercial shipping through the strait; US and Iranian officials reported progress on reopening the key energy route. Oil fell for a third day on deal optimism. Markets are now fully pricing one Fed rate hike this year, down from near two last week. A reduced chance of monetary tightening typically supports non-yielding gold. MKS Pamp head of research Nicky Shiels said gold is a liquidity sponge in commodity macro and is among the first assets hit by tightening-risk signals.