MSCI Asia Pacific index fell 1% to 266.28.

Fengfei Aviation said it has signed a strategic cooperation agreement with Singapore-based JC Aviation to collaborate on eVTOL procurement, airworthiness certification, crew training and local operations support, initially focusing on India and Brazil with later expansion into Latin America. JC Aviation has confirmed orders for two V2000CG Kairiou eVTOLs and one SUNSHIP zero-carbon seaplane terminal; under the agreement it will procure 260 eVTOLs and 10 SUNSHIP terminals from Fengfei over the next five years.

China Financial Futures Exchange (CFFEX) Chair He Qingwen said CFFEX will accelerate R&D of products for the STAR Market, ChiNext and equity-index futures and options. The initiative aims to provide investors with finer risk-control tools for the technology sector, support tech-company development and deepen the technology content of China’s capital markets.