Convera analysts say political and fiscal challenges in France could pressure the euro. ECB president Christine Lagarde's early departure increases policy uncertainty. A broadly weak eurozone backdrop leaves the ECB with little scope to support the currency.

Shanghai Stock Exchange (SSE) said Jiyiwei Semiconductor (Shanghai) Co., Ltd.'s STAR Market IPO review status changed to "inquiry".

The Shanghai Municipal Food and Drug Safety Commission issued a 15th Five-Year Plan to ensure drug safety and promote high-quality pharmaceutical development, outlining multiple regulatory reforms. It will deepen clinical-trial review and approval reforms for innovative drugs and support R&D. The plan calls for reforming review and approval procedures for supplemental applications for domestic and overseas chemical drug production and offering front-end support for major change filings on local chemical drugs. Shanghai will seek pilot programs for dossier-based review of generics to accelerate first-to-market generics, streamline post-approval change processes, pilot continuous manufacturing technologies, and optimize temporary import procedures for clinically urgent medicines.