FTSE China A50 index futures opened 0.27% lower.

Morgan Stanley said it will launch a US Innovation Infrastructure Initiative to mobilize about $1.5 trillion of capital raising, financing, advisory and related investment activity over the next 10 years to support companies, technologies and platforms seen as critical to the US economy and national security. The plan targets AI, advanced computing, quantum, semiconductors, data infrastructure, cybersecurity, aerospace and defense, and critical minerals, and aims to accelerate digital, physical and energy infrastructure buildout by integrating the firm’s investment banking, capital markets, wealth and asset-management capabilities to back firms from startup through scale.

Reserve Bank of Australia policy rate to Aug 11: 4.35% actual, 4.35% expected, 4.35% prior.