South Korea's budget minister said the 2027 budget is expected to exceed 800 trillion won.

HONG KONG GOVT Financial Services and the Treasury Bureau said July 12 the 2026 APEC finance ministers meeting has entered its 100-day countdown and official publicity has begun. Large promotional banners were installed on the Wan Chai government building in early July and electronic displays on Central pedestrian overpasses are running. The bureau said it will continue coordinating with relevant departments to finalise arrangements ahead of the meeting and to receive APEC delegations, aiming to showcase Hong Kong as an international financial centre.

WTI crude futures broke above $75/barrel, up 4.88% intraday.