WTI crude down 3.00% intraday at $93.05/bbl.

CSI Convertible Bond Index opened 0.11% higher. Weidao, Changhong and Qilin convertible bonds gained 1.86%, 1.64% and 1.63%; Huawei, Baiyang and Huicheng convertible bonds fell 2.10%, 1.40% and 1.04%.

Decision Desk HQ projects Democrat Amy Acton will defeat Republican Vivek Ramaswamy in the Ohio governor's race. AP preliminary counts show Acton, a former Ohio Department of Health director, at 50.7% versus Ramaswamy's 46.0%. The seat flips from Republican control; Acton would succeed term-limited Republican Governor Mike DeWine. She would be the first Democratic Ohio governor since 2006 and the state's first woman governor. The result, in a state Trump carried by about 11 percentage points in 2024, gives Democrats influence over Ohio policy areas including health and education.