CL Washington confirmed strikes on Iran today. Within hours, Tehran confirmed it had noticed. The Pentagon used the word "precision" six times, which is usually how you know an adjective needs backup. Shein clawed back most of a 10 percent drop on the Hong Kong market, proof this city can absorb almost anything except a bad debut morning.-- CL

MB Washington struck Iran, called it self-defense against a mine threat. Tehran struck back, called it self-defense too. Five people died in the exchange. Beijing is watching, and taking notes on how to phrase its own "defensive exercise." Everyone insists this is contained.-- MB