Japan July Economy Watchers Current Conditions index 45.7, previous 44.0.

Early trading saw multiple previously high‑premium LOFs sell off. Global Chip LOF hit the down‑limit while its secondary‑market premium remained near 18%; SDIC Silver LOF fell over 8% intraday and its premium also breached ~18%. The moves followed a joint Shanghai and Shenzhen exchanges consultation draft issued last weekend that sets out two mandatory delisting scenarios for LOFs, explicitly targeting persistent high‑premium speculation, mini‑fund liquidity failures and price manipulation. A Shanghai public fund manager said delisting expectations could directly curb speculative demand for high‑premium QDII and commodity‑futures LOFs.

China A-share gaming sector slipped at the open; Dasheng Culture and Caesar Culture fell over 6%, while Kaiying Network, Kunlun Wanwei, Shengtian Network, Century Huatong and Giant Network also declined.