SNB minutes said the Swiss franc's depreciation is consistent with widening interest-rate differentials between Switzerland and other countries. Since the SNB's June monetary policy assessment, safe-haven demand for the franc has been limited.

Mainland Chinese stocks tumbled, with the ChiNext Index sliding 4.37% to below 2,600, down more than 40% from this year’s high. Shanghai Composite fell 1.48% and Shenzhen Composite dropped 2.96%. Turnover across Shanghai and Shenzhen totaled 1.53 trillion yuan, roughly 100 billion yuan above the prior session. Nearly 5,000 stocks declined. Culture and media names plunged with multiple limit-downs, including Bona Film and Xinhua Media. CROs fell and Lingkang Pharma hit limit-down. CPO-related shares and DRG and photolithography plays weakened, with Cambridge Technology among the losers. Bank stocks were locally firm; Industrial and Commercial Bank of China and China Construction Bank reached new intraday highs. Humanoid-robot names stayed active—Yifan Transmission hit a 20% limit-up and several robotics stocks closed at limits. Semiconductors and advanced packaging staged an afternoon bounce, with Huatian Technology, Dapu Micro, Demingli and JCET among winners.

Baltic Dry Index (BDI) rose 3.36% to 2,680 points.