India will cut the diesel export windfall tax to 19 rupees per litre from 24 rupees per litre, effective Sept. 1, per an official order.

Japan 10-year government bond auction bid-cover ratio was 3.29, versus 2.56 at the previous auction.

Hangzhou's draft 15th Five-Year financial development plan seeks designation as a pilot city for AI application in the financial industry and aims to accelerate AI commercialization in finance. The plan promotes fintech clustering, encourages financial institutions and major tech firms to establish fintech R&D centers and innovation platforms in the city, and calls for a digital public-service platform for the securities and futures sector. It supports multi-party fintech joint labs and incubators and backs financial institutions and fintech firms to develop AI+finance core and frontier technologies to generate leading IP. The plan also proposes a data‑element finance initiative that, leveraging a Hangzhou corpus, would build a trusted financial-data space to supply high-quality financial text/corpus and drive AI industry applications in finance.