Russian President Putin signed a decree on June 26 extending a ban on supplying Russian oil and petroleum products to foreign legal entities and individuals where supply contracts directly or indirectly stipulate a G7 or EU price cap mechanism. The measure, aimed at countering Western oil price limits, was due to expire on June 30 and now runs through Dec. 31, 2027. The ban covers all delivery stages. The decree first took effect on Feb. 1, 2023 and has been extended several times.

The National Healthcare Security Administration has launched the 12th national centralized volume-based drug procurement, including 65 drug products. The selection covers oncology and key chronic-disease therapies.

Hong Kong stocks at the midday close: HSI fell 1.87% and the Hang Seng Tech Index dropped 3.21%. Storage, semiconductors, optical communications and lithium battery names led declines; pork and game-software sectors were among few gainers. Large-cap moves: Sunny Optical (02382.HK) down over 12%, Zhipu (02513.HK) down over 10%, SMIC (00981.HK) down over 6%, CATL (03750.HK) and Lenovo Group (00992.HK) down over 5%, BYD (01211.HK) and Alibaba (09988.HK) down over 4%, Baidu (09888.HK) down over 3%; NetEase-S (09999.HK) up over 1%. Newly listed stocks: 02272.HK up 195%, 01956.HK up 87%, 09630.HK up 76%.