10年期日本国债收益率下跌1.5个基点，至2.340%。

Chinese equities are outperforming global markets amid the Iran war, with benchmarks down 4.6% since late February versus declines of over 10% in Japan, South Korea and India. Despite higher oil prices, China’s large energy reserves, strong renewable capacity and stable yuan have cushioned impacts. Goldman Sachs has turned more positive on the market, while Anna Wu of VanEck, Joshua Crabb of Robeco and William Bratton of BNP Paribas say policy stability, improving positioning and resilience are supporting Chinese stocks. Bonds remain steady and capital flows stable, though risks from prolonged global stagflation persist.

JD.COM SPOKESPERSON: WHETHER CECONOMY TRANSACTION CAN BE COMPLETED AS PLANNED IN H1 2026 IS QUESTIONABLE IN LIGHT OF CURRENT DEVELOPMENTS IN AUSTRIA