A-share phosphate chemicals sector weakened in afternoon trading; Taihe Technology fell more than 11%, Xilong Science dropped over 9%, while Liuguo Chemical and Xingfa Group also declined.

President Trump declined to commit to signing a bipartisan housing bill that passed Congress more than a week ago, saying he will not sign it until Congress sends the contested election measure, the SAVE America Act, to his desk. Trump called the SAVE America Act the most important bill now and for years to come. The measure would require voters to show photo ID at the polls and provide proof of citizenship when registering. He said the housing bill contains many Democratic provisions he objects to and that he would rather sign no bill until SAVE is enacted.

CPCA preliminary: Jun 1-30 China passenger new energy vehicle (NEV) retail 1.037 mln, down 7% YoY, up 9% vs May; YTD retail Jan–Jun 4.734 mln, down 13% YoY. Jun 1-30 NEV wholesale 1.506 mln, up 22% YoY, up 11% vs May; YTD wholesale 6.812 mln, up 6% YoY.