印度8月服务业PMI初值 54.5，预期53.8，前值53.3。

N Xinsheng opened 95.12% higher on its first trading day. The company develops, manufactures and sells high-end computerized embroidery machines and provides embroidery solutions.

HSBC cut its PT for Pop Mart (09992.HK) to HK$136.5 from HK$168.9, a 19% reduction, and retained a Hold rating after lowering EPS forecasts. The bank cited disappointing 1H results, limited earnings visibility following adjustments to Labubu IP products, and Q2 FY2026 revenue and overseas sales that missed expectations. HSBC said its post-adjustment revenue/earnings CAGRs for 2026 and 2028 remain roughly unchanged at 16% and 20%, but it trimmed 2027 and 2028 profit forecasts by 16% and 18%. HSBC’s 2026 and 2027 earnings estimates are now about 27% and 23% below consensus.