Turkey's central bank said it will resume weekly repo auctions at its 37% policy rate to normalize funding conditions, and indicated it assesses the worst economic impact from the Iran war may be over. In early March the bank had shifted funding from the 37% policy rate to a higher 40% overnight lending rate—effectively a one-off rate increase. The central bank's Sunday statement did not specify when repo auctions will restart.

CITIC Securities says the recent tech equity correction reflects forward pricing risks in AI-related names, not solely high US long-term yields. Three key narrative variables determine valuation: whether commercialization speed and market scope meet expectations; whether compute advantage yields share and pricing power; and whether current compute gaps will widen future AI model divergence. The current consensus concern centers on commercialization speed and scope; the largest latent risk is whether "anti-distillation" will re-widen model gaps. On macro, the US Treasury’s announced long-note buybacks have limited impact; near-term dollar weakness and weaker rate-hike expectations support narrowing of K-shaped divergences in global markets. However, drivers of sustained US long-end yield rises remain intact and further volatility is possible. Given external shocks and the A-share market’s short-term funding structure, market complexity is increasing; investors should manage expectations and avoid broad, conviction-heavy narratives in this volatile phase.

TASNIM NEWS, citing a Yemeni military source, reported Yemeni forces shot down a Saudi ScanEagle reconnaissance drone over Hajjah province as it attempted to enter Yemeni airspace. The source told Yemen's official news agency the drone was hit and downed using "appropriate weapons."