IMF managing director said the Fund's Catastrophe Containment and Relief Trust needs replenishment and the IMF will urge member countries to provide support.

SHFE tin most-active contract fell more than 2.00% intraday to 389,240.00 yuan/ton.

KKR said the global bond-market sell-off presents an opportunity for fixed-income investors to lock yields comparable to Asian high-yield while avoiding the credit risks of junk bonds. Dengzhao Pan, head of Asia liquid credit at KKR, said: "We view this as an opportunity to upgrade portfolio quality rather than to sit on the sidelines. Improving credit quality can provide a larger margin of safety and reduce expected credit losses." KKR reported $796 bln AUM at end-June. The firm said Middle East conflict-driven oil-price moves and ensuing central-bank tightening have pushed investment-grade corporate yields, including Asian credits, to their highest in over two years, bringing some high-quality bonds' yields close to typical junk levels. Asian investment-grade USD bonds yield 5.8% on average, with longer-dated and subordinated issues yielding more.