U.S. Treasury Secretary Bessent said he expects 2026 tariff receipts to be similar to 2025.

Total turnover on the Shanghai and Shenzhen markets on Aug 20 was CNY2.08 trillion, down CNY431.7 billion from the prior trading day. Shanghai turnover was CNY1.02 trillion (previous CNY1.22 trillion) with volume 507 million lots (572 million); Shenzhen turnover was CNY1.06 trillion (previous CNY1.29 trillion) with volume 597 million lots (697 million). InnoLight (Zhongji Xuchuang) led single-stock turnover at CNY20.34 billion, followed by ChangXin Memory Technologies CNY16.97 billion, Cambricon CNY15.19 billion, GigaDevice CNY14.63 billion and WuXi AppTec CNY14.59 billion.

Switzerland's foreign trade in July (seasonally adjusted): nominal exports rose 13.8% MoM (real +10.7%) to CHF27.8bn, the highest level since March 2025. Nominal imports fell 4.5% MoM (real -2.8%). The chemicals–pharmaceuticals sector was the decisive driver on both export and import flows. The divergence pushed the trade surplus to CHF8.1bn, a single-month record.