UN special envoy Hans Grundberg told the UN Security Council on the 13th (local time) that Yemen faces an "unprecedented" risk of relapsing into large-scale conflict compared with the 2022 UN-brokered ceasefire. He warned years of relative calm could be erased within weeks by renewed escalation.

US July PPI missed expectations as energy and food costs fell, reinforcing recent CPI data that signaled slowing inflation and suggesting the early-war energy shock is fading. Renewed tensions in the Middle East have, however, revived concerns about persistent inflation. Fed officials will receive additional CPI and PPI prints and another labor-market report before the Fed's mid-September policy decision, leaving policymakers to weigh lingering inflationary pressure against recent hiring slowdowns. PPI subcomponents that feed into the Fed’s preferred PCE price index were mixed: portfolio management fees posted their largest gain in over a year and outpatient hospital care rose sharply, while physician services and inpatient hospital prices were milder.

Hang Seng Tech Index fell more than 1% in early trade as internet and tech names weakened; JD.com (09618.HK) slid over 8%, Meituan (03690.HK) dropped over 3%.