Baltic Dry Index (BDI) rose 0.86% to 3,399 points.

Morgan Stanley raises Marvell Technology (MRVL.O) price target to $268 from $246.

Hubei provincial government issued Q3–Q4 measures to spur growth, including: issue compute-power vouchers and raise subsidy rates, expanding subsidy coverage to model- and token-based AI services to lower compute-access thresholds for SMEs and tech startups; support new-load and export-oriented firms and industrial parks to directly connect to nearby renewable power for green electricity consumption; allocate provincial budget to cover pre-investment costs and create a project reserve and annual major-project list to accelerate construction; encourage factory-network integration, integrated supply/disposal management and concession models and invite firms to invest-build-operate urban underground pipe networks; deepen assetization of state-owned water resources and water engineering and develop a modern green water economy.