US Energy Secretary Wright said the US is pursuing a long-term strategy on Iran.

Foreign holdings of U.S. Treasuries fell $72.1bn in June to $9.3tln, U.S. Treasury data showed, led by reductions from Japan and China. Holdings have dropped in three of the past four months since a February peak. Treasuries declined amid concerns over large fiscal deficits and inflation remaining above target. Japan, the largest foreign holder, sold about $26.4bn in June, trimming its position to $1.12tln. Prolonged yen weakness prompted Japanese FX intervention, with the U.S. also involved in late July. Strategist Paresh Upadhyay said Japan’s moves were clearly driven by FX intervention needs; U.S. Treasury Secretary Bessent participated in July and signalled Tokyo could use Fed tools to avoid direct Treasury sales, and Upadhyay does not expect Japan to resume Treasury selling.

Hong Kong large AI-model stocks fell; Zhipu (02513.HK) dropped over 10% and MINIMAX-W (00100.HK) fell more than 8%.