Spot silver down more than 1% intraday at $64.45/oz.

The second draft amendment to China's Trademark Law was submitted for review at the 14th NPC Standing Committee's 23rd meeting on June 23. The draft escalates penalties for using registered trademarks in ways that mislead the public, citing cases where trademarks are disguised as product ingredients or production processes. Enforcement authorities may order rectification within a time limit. Where illegal business turnover is at least 50,000 yuan, fines may reach up to five times that turnover; where there is no illegal turnover or turnover is under 50,000 yuan, fines may be imposed up to 250,000 yuan. The draft also grants any organization or individual the right to file complaints or reports with trademark enforcement authorities over misleading use of registered trademarks.

上證50指數跌超2%，成份股中，洛陽鉬業跌超9%，紫金礦業跌近8%。