USD/CHF rose to a 13-month high of 0.8199.

The Fed accepted $1.38 billion from three counterparties in a fixed-rate reverse repurchase operation.

During morning trade on July 28 multiple China broad-market ETFs recorded outsized turnover. E Fund’s ChiNext ETF traded CNY 7.67 bln by midday, above July 27 full-day turnover of CNY 6.74 bln; Southern’s CSI 500 ETF traded CNY 4.96 bln versus CNY 4.52 bln on July 27. Equity ETFs posted net inflows of more than CNY 14.0 bln on July 27, and July-to-date net inflows are roughly CNY 390.0 bln. Huatai‑PineBridge’s CSI 300 ETF AUM returned to CNY 117.25 bln as of July 27, about CNY 23.05 bln ahead of second-ranked Yinhua Rili ETF (CNY 94.20 bln).