S&P GLOBAL MARKET INTELLIGENCE’s Annabel Fiddes said Japan’s private sector expanded in September but growth cooled. The preliminary composite PMI output index signalled the 18th straight month of expansion, yet at its slowest pace since May. Inflationary pressure remains elevated, driven by a weaker yen and cost increases linked to the Middle East conflict. Firms raised capacity amid sustained sales, lifting employment at the fastest pace in seven months. Business confidence improved, supported

Galaxy Securities says August saw a post-season production and consumption rebound: China domestic passenger-car sales rose MoM, exports stabilised at high levels and YoY growth remained strong. New energy vehicles (NEVs) continued to underpin export growth; commercial-vehicle domestic demand was steady, NEV penetration climbed to near 50%, and strong truck export growth kept commercial-vehicle exports buoyant. Looking ahead, the market is entering a seasonal consumption peak around "Golden September, Silver October" into year-end; NEVs are expected to remain the main driver of domestic recovery and elevated export growth, with vehicle sales likely to increase MoM and support industry operating improvement in September and Q4.

美国国务卿鲁比奥：古巴及其领导人有机会开始变革进程，他们应该抓住这个机会。