US defense and NATO officials said advanced missile-interceptor stocks for US forces in Europe have fallen to an "extremely critical" level, with Patriot interceptors the most concerning. Some European inventories were redeployed to the Middle East, and US forces and regional allies have heavily expended interceptors against Iranian drones and missiles.

The Hang Seng Index closed down 0.34% and the Hang Seng Tech Index fell 0.13% after low-range trading; turnover HK$233.5 billion. PCB, optical-communications and chip stocks led gains: Lanqi Technology (06809.HK) rose over 12%, Kingboard Laminates (01888.HK) and Changfei Optical Fibre & Cable (06869.HK) rose over 10%, Zhaoyi Innovation (03986.HK) gained about 7%, Huahong Hongli (01347.HK) rose about 4%, and SMIC (00981.HK) climbed about 2%. AI large-model names outperformed: Zhipu (02513.HK) +12%, MINIMAX-W (00100.HK) nearly +4%. Baidu (09888.HK) jumped over 5% after adding Hong Kong as a primary listing venue and saying it will complete a dual-primary listing on Sept. 1.

Fed's Collins said the latest PCE report does not change his baseline assessment; monetary policy remains restrictive and will push inf gradually lower.