Bank of England Governor Bailey said the issue is whether market-driven leverage problems should be addressed through banks.

Chinese modular building exports have surged, with overseas orders rising sharply. Trucks loaded with modular housing units at Shenzhen Liantang port are clearing rapidly for shipment to Southeast Asia and other overseas markets. Company executives report a marked increase in export orders. China Customs data show prefabricated building exports rose from $1.472bn in 2015 to $4.339bn in 2025 — roughly triple — and growth reached 45% in Q1 2026.

South Korea's KOSPI fell as much as 2.00% intraday.