Trump on Aug 25 posted on Truth Social saying that, citing his good relationship with N. Korea leader Kim Jong Un, he was unhappy the U.S. had previously agreed to hold joint military exercises with South Korea and instructed Defense Secretary Hegseth to sharply scale back the exercises. The post closely matches one he published on Aug. 17, differing only in a few English tense choices, suggesting it was a repost. The joint exercises referenced had already been cut short and ended early last wee

China's draft amendment to the Enterprise Bankruptcy Law was submitted to the National People's Congress Standing Committee for a second reading on the 25th. The revised draft refines personal bankruptcy, bankruptcy protection, restructuring and cross-border bankruptcy rules. It adds a dedicated pre-restructuring negotiation section, defining two routes — parties reaching a restructuring agreement or a pre-vote on a preliminary restructuring plan — and specifies the legal consequences for entering formal restructuring from either route. The draft allows parties that lawfully conduct pre-restructuring negotiations to recommend an administrator to people's courts. It also clarifies cross-border bankruptcy provisions, including extraterritorial effect of proceedings, circumstances for Chinese court jurisdiction and mechanisms for international judicial assistance.

Needham raises SK Hynix (SKHY.O) PT to $220 from $200.