Petrobras said it will cancel a BRL0.44-per-liter gasoline discount.

Overnight U.S. indexes slipped and the China Dragon Index fell sharply. Hong Kong opened sharply lower: Hang Seng opened down 289 pts at 24,985, immediately lost the 25,000 level and its 100‑day moving average, and plunged as much as 385 pts to 24,889. At midday Hang Seng was down 1.29%, Hang Seng TECH down 2.07%; turnover HKD 105.86 billion. Application software, power‑equipment, heavy‑machinery and semiconductor‑equipment names retreated; pharmaceuticals and pork stocks were weak. Autos, tea chains and online retail extended multi‑day declines. Printing & packaging and storage/memory concepts led gains, while ports & shipping, mainland banks and China brokers rose. Notable movers: 02513.HK down nearly 8%; 00100.HK down nearly 7%; NIO (09866.HK) down about 5%; Alibaba (09988.HK) and Meituan (03690.HK) each down over 3%. China Unicom (00762.HK) +2.5%; China Life Insurance (02628.HK) +2%; 01347.HK +2%.

A Shenzhen subsidiary of China Overseas won tender B401-0151 in Futian’s Xiangmihu for CNY2.55 bln after 250 offline bidding rounds, a 125% premium to the CNY1.131 bln starting price. The plot, converted from commercial (C1) to residential class R2 and formerly part of the Antuoshan 10-06 plan, covers 5,848 sqm with a floor area ratio of 3.1, gross floor area of ~26,002 sqm (residential 24,722 sqm). Winning floor price about CNY98,100/sq m. Seven developers, including CHINA RES LAND and China Merchants Shekou, participated.