First Squawk
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Australia’s ASX 200 Index closed up 1.9% at 8,870.10 points.
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Emirates Driving board clears plan to initiate launch of Emirates Mobility Company.
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CSI 5G Communication Index in China jumps over 4%.
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China’s CSI Artificial Intelligence Index gains over 3%, reflecting strong investor interest in AI stocks.
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Swedish Orphan Biovitrum Berenberg raises target price to SEK 470 from SEK 420.
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RBC lowers Datadog target price to $150, down from $175.
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Japan 10-year government bond yield climbs 5.5 bps to 2.285%.
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SpaceX revenue this year will be largely driven by Starlink, with NASA contributing just 5%, according to Musk.
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Russia’s FSB says the attempted assassination of General Alexeyev was ordered by Ukraine with Poland’s participation – Interfax.
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South Korea’s legislature approves creation of special U.S. investment committee.
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Peel Hunt lowers Lancashire Holdings target price to 610p, down from 645p.
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China’s Hong Kong and Macau Affairs Office states Jimmy Lai’s sentencing reflects HKSAR’s determination to uphold national security and the rule of law.
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Berenberg lifts Lotus Bakeries target price to €10,157, up from €9,420.
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CHINA URGES BANKS TO CURB US TREASURIES EXPOSURE ON MARKET RISK

#BREAKING
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Tin prices on SHFE surge over 6% in most active contract.
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DSM-Firmenich announces share buyback program starting Q1 2026.
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Citigroup lifts GSK target price to 2,250p from 1,900p.
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BLOOMBERG REPORTS

Chinese officials have urged banks to limit purchases of US government bonds and instructed those with high exposure to pare down their positions, sources say
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Citigroup lifts Maersk target price to DKK 15,350, up from DKK 14,929.
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U.S. 10-year Treasury yield climbs 4 bps to 4.2459%.
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5-year JGB yield up 5 bps at 1.735%.
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