Australia Q3 export price index YoY 6.3% (prev 3.9%).

The Russian Defence Ministry said PS-330 substations in Lutsk and Kovel that supply power to Ukrainian defence industry firms were struck.

Shanghai municipal government office issued an action plan directing local banks to step up credit to technology and traditional SMEs, expand first-loan and credit-loan supply, and implement no-principal-repayment loan rollovers. The plan supports banks issuing special financial bonds backed by small- and micro-enterprise loans and implements fiscal–financial measures including SME loan interest subsidies. It calls for revised credit risk-compensation and lending-incentive rules, stronger financing service centres with online-platform linkage, mobilising industry funds to steer long-term/patient capital into early-stage, small and hard-tech firms, and regular publication of IP-finance product lists plus rules for disposal of IP-pledged collateral.