Fed's Barkin said consumer confidence is weak, but consumers continue to spend, supported by a resilient labor market.

China A-shares physical-AI concept stocks rallied; Fulai Xincai hit the daily price limit. Yushu Technology, Hanwei Technology, Fantuo Shuchuang, Aopute and Huayi Technology were among the top gainers.

By midday close on China's domestic futures market, most main contracts fell. Lithium carbonate led losses, down nearly 5%; LPG, styrene (EB), fuel oil and benzene fell over 3%; asphalt, the polypropylene monthly-average contract, jujubes and plastics fell over 2%. On the upside, live hogs, logs and platinum rose nearly 2%, while synthetic rubber, polysilicon and palladium gained more than 1%.