Federal Reserve semiannual report: real estate market activity "stalled".

South Korea's foreign exchange authority said FX market supply-demand dynamics will shift in H2 2026, and it expects exporters' dollar holdings to flow into the market via FX forward contracts.

Hong Kong stocks closed with the HSI up 0.6% and the Hang Seng Tech Index down 0.21%. Market turnover was HKD 339.6 billion. Sector movers: chips, optical communications, PCB-related names and mobile gaming led declines; pharma outsourcing (CRO), defence, pork producers and autos were among the gainers. Stock moves: Zhipu (02513.HK) fell more than 19%; MINIMAX-W (00100.HK) down over 9%; Hua Hong (01347.HK) down over 8%; CATL (03750.HK) down nearly 8%; SMIC (00981.HK) down over 4%. Winners included Goldwind (02208.HK) up more than 8%; CK Hutchison (00001.HK) up over 7%; Leapmotor (09863.HK) up about 6%; WuXi AppTec (02359.HK) up over 4%; Xiaomi Group (01810.HK) up over 3%.