Shanghai Composite fell more than 1%; wind power equipment, coal and banks outperformed.

On Thursday, following a sharp rise in Brent crude, the 30-year US Treasury yield rose about 4bps to 5.44%, its highest level since 2004. Yields across the curve had already surged earlier this week, leaving several maturities near highs not seen since 2007. Columbia Threadneedle portfolio manager Ed Al-Hussainy said investors now require greater compensation to lock funds for 30 years. Stronger growth, elevated energy prices, persistent inflationary pressure and larger government borrowing are pushing long-term yields higher and intensifying pressure on long-dated Treasuries. The rise in 30-year yields has undercut Treasury efforts to lower long-term funding costs; the Treasury under Bessent expanded its government bond buyback program in mid‑August to ease market stress, but the measure has not produced a sustained market impact.

瑞典央行：评估政策利率未来应比6月预测的更大幅度上调，以使通胀稳定在约2%。