Former Pentagon deputy assistant secretary of defense Michael Mulroy said a new U.S. sanctions package is designed to reach well beyond Iran, using secondary sanctions on countries, institutions and entities that trade with or process financial transactions for Iran. He said Washington is also targeting shadow tanker fleets and other infrastructure used to smuggle Iranian oil and evade sanctions. Mulroy warned the measures are unlikely to overthrow the Iranian regime but will inflict major damag

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.

Israel Defense Forces said it earlier received a report of a suspicious aerial object near the southern Gaza border; the report was later confirmed to be a false alarm and there is currently no indication of a security incident.