India's chief economic adviser said falling global urea prices could ease fertilizer subsidy burdens and reduce the risk of fiscal slippage.

Hong Kong stocks closed mixed; HSI fell 0.07% while the Hang Seng Tech index rose 0.32%. PCB-related names outperformed — 03200.HK +11% and 01888.HK ~+2%. Large domestic banks advanced, with 01658.HK up over 6% and 03988.HK up over 5%. Liquid-cooling/thermal management plays gained: 00285.HK +9%, 02018.HK +8%. Coal names were active (01277.HK +4%, 01171.HK +1%); chip stocks rallied into the close, 06082.HK +18%. Other active sectors included OLED, optical communications, home appliances, robotics, AI applications and brain–computer interface. Lagging sectors: property, base metals, gold, retail, airlines, biomedicine and lithium batteries. Selected stocks: 00100.HK +16%, 02513.HK +9%.

China Index Academy reports top 100 developers' combined sales totaled 2.018 tln yuan in Jan-Aug 2026, with the YoY decline widening 0.3ppt versus Jan-Aug 1–7. The housing market remains in seasonal lull; only core cities are supported by new high-quality project launches, and leading developers' sales declines widened slightly. By company, five developers reached ≥100 bln yuan in Jan-Aug 2026, unchanged YoY; 40 reached ≥10 bln yuan, down 13 YoY.