Typhoon Bavi, the ninth of the year, weakened from super typhoon to strong typhoon overnight. At 05:00 on the 10th its center was over the northwest Pacific about 830 km southeast of Keelung, Taiwan (20.4°N, 128.0°E); maximum winds near the center were force 14. China's Central Meteorological Observatory at 06:00 maintained an orange typhoon warning.

Dashengda shares fell again, closing at 15.18 yuan, down 9.8%. Market participants said sustained rises in corrugated base‑paper prices, combined with strong downstream bargaining power and long price‑lock periods, are delaying pass‑through and squeezing margins. Dashengda said corrugated base paper is its principal raw material; it buys base paper and processes it into packaging boxes, and recent price increases have raised costs that are passed on to downstream customers. The company added downstream demand is mainly tied to the consumer sector and that its products include general corrugated boxes and inner boxes for baijiu.

US mortgage rates rose to 6.49%, reversing last week's decline, as renewed US-Iran escalation raised concerns that oil prices and borrowing costs could climb. Freddie Mac said on Thursday its 30-year fixed-rate mortgage average rose to 6.43% from a week earlier; it was 6.72% a year ago. The conflict since late February has weighed on the housing market, and hopes that a prior ceasefire would ease geopolitical risk and stabilise borrowing costs have dimmed after this week's escalation. High mortgage rates are hindering buyers and may prevent sales improvement in 2026, and the current Iran situation could keep rates elevated, Realtor.com senior economist Joel Berna said.