CHINA MIIT, NDRC, SAMR, AND NEA HOLD MEETING ON POWER AND ENERGY STORAGE BATTERY INDUSTRY, STRESS IMPORTANCE OF ADDRESSING "INVOLUTION" COMPETITION AND MAINTAINING A HEALTHY MARKET ENVIRONMENT

TURNOVER ON SSE AND SZSE EXCEEDED 2 TRILLION YUAN, DOWN 271.5 BILLION YUAN FROM PREVIOUS SESSION

The conditional two-week U.S.-Iran cease-fire should stabilize near-term market sentiment, says Anthony Kettle, managing director at RBC BlueBay Asset Management. He expects temporarily lower oil prices should ease inflationary pressures in vulnerable Asian economies and improve fiscal dynamics for importers. However, Kettle recommends avoiding structural bets until the cease-fire proves durable, and cautions that Middle Eastern energy exports will take time to normalize even if peace holds. Expecting energy prices to remain meaningfully elevated this year, RBC BlueBay advises investors to target sovereigns and corporations that are resilient to or benefit from higher energy costs.