Microsoft (MSFT.O) says its DeepSeek V4 Flash model can run on desktops and laptops with 60GB of RAM and outperforms GPT-5 on certain programming tasks.

Energy and commodities analyst Blas: Iran's Islamic Revolutionary Guard Corps says it will "soon" block an "illegal" channel in the Strait of Hormuz; the IRGC's statement is its first public admission that the waterway is no longer closed.

At the morning close, China's most-active futures contracts were mostly higher: fuel oil surged more than 16%, while methanol, para-xylene (PX), LPG, benzene and styrene (EB) hit daily limit-up; low-sulfur fuel oil (LU) gained over 9% and PTA climbed nearly 9%. On the downside, palladium fell more than 6%, red dates dropped over 3%, platinum and Shanghai silver were down over 2%, and iron ore, peanuts, Shanghai nickel and fiberboard slipped about 2%.