At midday close, China’s main futures contracts were mixed. Apple led gains, up over 6%; eggs and asphalt rose more than 3%; ethylene glycol (EG) nearly 3% higher. Synthetic rubber, caustic soda and plastics advanced over 2%; urea was up nearly 2%. On the downside, Shanghai silver fell over 6%; Shanghai tin and platinum were down about 6%. Polysilicon and palladium dropped more than 3%; lithium carbonate slipped nearly 3%; coking coal and coke fell about 2%.

Newsmax, citing current and former U.S. officials, reports the Trump administration plans a strike on Iran after next week’s U.S. midterm elections. U.S. military aircraft are being repositioned to relevant locations and the strike is expected to employ a MOAB (Mother of All Bombs), a large air‑blast munition.

Caitong Asset Management launched its first ETF-FOF (a fund-of-funds that primarily invests in ETFs). The product must allocate at least 80% of assets to public funds, and at least 80% of non-cash fund assets to ETFs. It is the third brokerage asset manager to issue an ETF-FOF after Guotai Haitong Asset Management and Bohai Huijin Asset Management in May. Issuers report positive market reception citing low volatility. As ETF and public-FOF market scale expanded, public ETF-FOF registrations resumed in 2025; in just over a year the number of ETF-FOFs has surpassed 33 with AUM of 14.5 bln yuan. With the first active ETFs now established and the total ETF universe exceeding 1,700, ETF-FOFs may move from niche experiments to broader portfolio allocation tools.