Brent crude futures fell nearly 3% to $85.71/bbl, the lowest since July 17.

An Asian tech rout pushed the MSCI emerging markets index down 3.6%, its largest one-day drop since end-June and its weakest level since April, as of 1600 Beijing time. A pullback in oil prices limited spillover, helping European equities and currencies avoid deeper losses. South Korea's market saw multiple trading halts as chip weakness spread across sectors; the KOSPI tumbled about 11%, with Samsung Electronics and SK Hynix each off more than 13%.

China's State Taxation Administration said tax data indicate continued industrial sales growth and accelerating development of new-type productive forces in 1H. STA director Hu Jinglin said sales from three sectors closely linked to new productive forces—equipment manufacturing; information transmission, software and IT services; and scientific and technical services—made up 23.5% of total enterprise sales revenue in 1H, up 2.2 percentage points YoY and showing a rapid multi-year rise. The STA added that including other emerging sectors and upgraded traditional industries would raise that share further.