Japan 2-year government bond yield rose 3.0 bps to 1.640%.

U.S. crude futures settled at $83.20 a barrel, up $1.07, or 1.30%.

Aug 12 — Live-ship trials for the Pinglu Canal have begun. Four representative vessels will carry out phased validation of navigation under normal and adverse conditions and a full-line aids-to-navigation efficacy check. The trials are intended to underpin the canal’s scheduled opening in Sept 2026. The Pinglu Canal, a backbone project of the Western Land-Sea New Corridor, is 134.2 km long and designed for 5,000-ton vessels; on completion it will establish a river-sea intermodal trunk linking southwest China to the sea via the Xijiang mainstem.