German 10-year bond yield rose 0.7 bps intraday to 3.456%.

Hong Kong stocks closed lower: Hang Seng Index down 1.01% and Hang Seng TECH Index down 1.33%; tech names retreated, with Alibaba (09988.HK) sliding 4.36%.

Preliminary shipping data from Kpler show three commercial vessels transited the Strait of Hormuz on Tuesday, down from four the previous day and well below the roughly 15-vessel 10-day average. The three vessels, including one Panamax tanker, were recorded outbound. Kpler also reported the LNG tanker Al Mafyar — listed as ballast — reappeared inside the strait on Tuesday after last being tracked outside the waterway on Sept. 19. Separately, 22 commercial vessels transited the Bab al-Mandeb on Tuesday: 14 bound for the Red Sea and eight for the Gulf of Aden. The convoy comprised five Panamax tankers, six supramaxes, four Aframaxes, one Suezmax and one VLCC, down from a 10-day average of 26.