Spot gold broke above $4,580/oz, up 1.35% on the day.

SK Hynix said it has not decided to build a factory in Japan and will disclose further information within one month starting today. Earlier reports said SK Hynix planned a memory-chip plant in Miyagi Prefecture, Japan.

Fu Xin, Ping An’s deputy general manager and CFO, said at the company’s results briefing on the 21st that recent share-price weakness mainly reflects sector rotation across peers and does not reflect Ping An’s intrinsic value. He urged investors to evaluate the stock by industry, company and value: China’s life-insurance sector is in a golden growth period; Ping An’s strategy is clear and fundamentals are stable; and he expects steady profit and shareholder-return growth to be reflected in the share price over time.