ECB officials expect further policy tightening in October.

Apple (AAPL.O) shares rise more than 1%.

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.