NIO-SW (09866.HK) has fallen for consecutive sessions and is currently down more than 5%.

Putin said Ukraine's 40-day campaign ordered by Zelensky inflicted damage on Russia equal to about 1% of GDP, based on preliminary estimates. He said since June roughly 100 Russian vessels have been damaged, about 40 in the first two weeks, and that only about 10% of damaged refinery facilities remain to be repaired. He did not comment on strikes against Wildberries and Ozon warehouses; those attacks have already caused billions of dollars of damage to Russia's logistics network. Zelensky has threatened large-scale drone deployments to effectively close Russian commercial airspace; Putin said Russia would find a way to respond if that occurs.

RBNZ Chair Breman: The key question is whether the economic recovery can broaden further as expected.