Poland's Prime Minister TUSK said the government proposes raising the solidarity tax rate by one percentage point.

Rising intervention risk and higher rates have weakened yen funding, pushing carry traders toward Swiss franc financing. CFTC data for the week to Aug. 11 show hedge funds’ net short positions in the franc near a two-month high while they trimmed yen shorts for a second consecutive week. Tobias Jungmann, head of FX options at BofA in New York, said markets have increased franc short exposure to finance FX carry trades and that options are attractive given the franc’s vol-to-carry profile, allowing exposure with capped downside. The franc’s appeal rests on near-zero Swiss interest rates and the Swiss National Bank’s willingness to limit appreciation; by contrast, a late-July Japan–U.S. joint intervention raised yen volatility and curbed yen-funded trades.

Commercial aerospace-themed ETFs opened higher; satellite ETFs from E Fund and GF Fund rose more than 3%, while Penghua and Fullgoal satellite ETFs climbed over 2%. The moves followed news China reported a major breakthrough in reusable-rocket technology as Zhuque-3 became the first Chinese orbital launch vehicle to reach orbit and be recovered on land.