China A-share chemical and pharmaceutical sector weakened in the afternoon; Bibeite hit the 20% limit-down, New Ganjiang slid more than 10%, and C-Tainuo-U, Yahong Pharma-U, Frontier Biotech-U, Nawei Technology and Huayuan Bio also fell.

CITIC Securities says the electronics sector has corrected sharply since July and valuations have fallen materially while industry fundamentals remain intact. Key drivers include stronger semiconductor-equipment order visibility, accelerating domestic compute orders and supply‑chain restocking, AI‑server demand lifting PCB and AI power‑supply cycles, and a clearer memory-price uptrend; supply‑chain opportunities are also spreading into consumer electronics. The report adds the selloff has pushed some quality names into valuation troughs, creating scope for earnings delivery and valuation re-rating.

ING economists say the Bank of England's latest projections will show inflation near 3% from H2 this year into early next year, a level they view as within the Bank's tolerance. ING's base case is for the Bank to remain on hold through 2026, with policy easing delayed to the next cycle; ING currently forecasts two rate cuts beginning in spring 2027 but says that path hinges on the autumn budget containing no material fiscal stimulus. Sterling has come under pressure as investors question how new Prime Minister Burnham will fund pledges to cap transport fares and electricity bills, reviving concerns over public finances after the 2022 Truss fiscal episode.