Barclays says recent rises in oil freight rates may persist for at least several weeks.

Central Bank of the Republic of Turkey survey expects USD/TRY at 51.5471 by end-2026.

Hong Kong stocks rebounded at midday after early volatility. At noon the Hang Seng Index was up 1.21% and the Hang Seng Tech Index was up 2.09%. China property names led gains: Longfor Group (00960.HK) rose over 9%, China Vanke (02202.HK) rose over 5%, CHINA RES LAND (01109.HK) rose over 4%. Construction materials and cement outperformed: Huaxin Cement (06655.HK) rose about 6%, Conch Cement (00914.HK) rose over 4%. Power-equipment Weichai Power (02338.HK) rose over 4%. Biopharma BeiGene (06160.HK) regained ground, up nearly 6%. Other top-performing sectors included gold, select internet names, optical communications, semiconductors and commercial aerospace. Lagging sectors included domestic banks, lithium batteries, oil, dairy and port/transportation names.