Japan's Nikkei 225 index was up 1.00% intraday.

BofA Fund Manager Survey: fund managers raised US equity allocations to the largest overweight since December 2024.

The National Bureau of Statistics said China has optimized trade-in-for-new subsidy policies this year and added smart glasses to the subsidy scope. In 1H retail sales of wearable smart devices, including smart glasses, more than doubled YoY; retail sales of high energy-efficiency home appliances rose over 30% YoY. Consumption of live-entertainment formats — concerts, music festivals and sports events — continued to strengthen.