COSCO Shipping Holdings said it plans to repurchase 50-100 mln A-shares, with an expected spend of 770 mln-1.54 bln yuan.

China A-share market extended losses: Shenzhen Composite Index down 1.00%, ChiNext Index down 1.76%, Shanghai Composite Index down 0.41%; more than 3,100 stocks declined.

Masahiro Ichikawa, strategist at Sumitomo Mitsui DS Asset Management, said 10-year JGB yield could reach 3% by year-end if Japan’s economy remains on a solid growth path. He said a large-scale government investment plan that stimulates private-sector capex would leave further upside for Japanese equities. He added Prime Minister Sanae Takaichi has signaled intent to preserve market confidence, lowering the risk of fiscal indiscipline. 10-year JGB yield was up 6bps at 2.830%.