China A-share power sector rallied in the afternoon; Jiaze New Energy hit the daily upper price limit, Huaneng Mengdian and Zhaoxin Co. had earlier hit limit-up, while Li New Energy, Lvfa Power and Jingneng Power were among the top gainers.

The Modi government has introduced a bill in parliament to restrict states' powers to regulate or tax mineral rights and mineral-bearing land and to impose nationwide, uniform mining rules. Under the draft legislation New Delhi would be able to set conditions and caps on taxes and other charges levied by regional authorities, saying cumulative levies should not be disproportionate to a mine's economic value and profitability. The proposal notes that despite adequate domestic resources, domestic mineral supply has become costly and there is a risk of rising imports. The move could curtail a material revenue source for mineral-rich states and heighten tensions between New Delhi and state governments.

Plant operator said Hungary's Paks nuclear power plant has begun increasing output from Unit 2; Unit 2 is expected to reach full power at 20:00 GMT.