Xun Ce Technology (3317.HK) said it has priced a placement of new H shares at HK$107.7 per share. The company also announced the issuance of a RMB1.36 billion zero-coupon convertible bond that is denominated in renminbi, settled in U.S. dollars and due 2027. It did not disclose specific uses of proceeds or any major strategic changes, and said there were no adjustments to guidance or regulatory events triggering the move.

CITIC Securities said the average price of praseodymium-neodymium oxide reached 731,000 yuan per tonne in the first half of 2026, up 73.6% year on year. The report attributed the rise to a sharp drop in import and recycled supply, alongside tighter enforcement of China’s rare earth management policies that kept supply constrained. On the demand side, it cited higher output of new energy vehicles and robots as well as strong growth in export orders. The price move reflects a material tightening in the supply-demand balance for a key rare earth raw material.

Most main futures contracts in China opened higher in early trading, with more gainers than losers. Palladium rose more than 4%, while lithium carbonate and liquefied petroleum gas (LPG) gained more than 3%. Platinum, Shanghai silver and methanol climbed more than 2%, and asphalt and Shanghai gold rose nearly 2%, according to Jin10.

Oil prices edged lower after crude flows through the Strait of Hormuz continued to rise. The increase added to expectations of looser near-term supply, according to Bloomberg. The move came as US-Iran talks continue, but the report did not cite any breakthrough in the negotiations or any easing of supply-disruption risks.

Huatai Securities said a report claims the United States is drafting a ban targeting China-made, grid-connected photovoltaic-plus-energy-storage inverters. The measure could be implemented by the U.S. Federal Communications Commission (FCC), according to 36Kr. Huatai Securities said the policy focus may center on communications and network connectivity security if enacted.

The HShares Southbound 2x Long SK Hynix ETF (07709.HK) fell more than 30% in a single session in Hong Kong trading. The fund is a leveraged product that tracks SK Hynix’s share performance. The sharp move suggests an extreme volatility event in the underlying exposure, with the leverage mechanism amplifying losses beyond the stock’s decline.

Saudi Aramco has resumed loading at Ras Tanura and increased crude exports from the port, with at least five very large crude carriers carrying about 10 million barrels departing and clearing the Strait of Hormuz. The company is shifting more sales to a spot-pricing mechanism to speed deliveries to Asian markets. The move reflects an active short-term adjustment to supply scheduling that links more directly to spot crude prices.

The Swiss franc pulled back from an intraday high against the U.S. dollar after Switzerland’s consumer price index came in below market expectations. Despite the dip, the pair held near the 0.8140 area, close to a one-year high. The softer inflation print weakened expectations for further monetary tightening by the Swiss National Bank, weighing on the franc in the short term.

Adani Enterprises Ltd. and Abu Dhabi’s International Holding Co. signed a memorandum of understanding for an aluminum project in India’s eastern state of Odisha, with planned investment of $11.5 billion. The project would extend billionaire Gautam Adani’s push to expand the conglomerate’s metals business.