US producer price index (PPI) +0.4% MoM in August vs 0.40% expected; July revised to +0.1% from 0.0%.

Haitong International chief economist Zhang Yidong says investors should position to buy dips in September. He cites robust AI and technology fundamentals and new Chinese economic growth drivers, making Chinese equities—particularly A-shares—attractive for allocation. He expects offshore flows to recover in September; US 10-year yields, after climbing toward about 5%, are likely to ease, and Chinese policy—especially equity-support measures—may become more proactive, supporting a reversal higher. He warns the coming months’ advance will be led by earnings-driven organic growth or growth via transactions spreading in an orderly way, not by a valuation-repair-driven blow-off.

Fengzhushou told investors its RMB4.608 bln computing-services contract will be implemented in Ya'an, Sichuan and will follow phased delivery with monthly collections and monthly revenue recognition. High-performance server compute deliveries are split into four batches; the first batch is to be delivered within three months of contract signing (expected Nov–Dec), with subsequent batches delivered at roughly three-week intervals.