US White House National Economic Council Director Hassett said the baseline GDP growth scenario should be about 4%.

China A-shares opened lower and weakened into the midday session; ChiNext Index fell 4.32% at the break, Shenzhen Composite down 3.37% and Shanghai Composite down 1.74%. Market breadth was weak with more than 4,800 stocks down and half-day turnover above 1.1 trillion yuan. Power stocks outperformed, Zhejiang Xinneng hit the daily limit. Autos strengthened, with JAC Motors and Zotye Auto hitting daily limits. Cybersecurity names moved higher, Yongxin Zhicheng and Zhongxin Saike hit limits. Pork-related shares saw localized gains, Dongrui hit the limit. CPO-related names plunged, Xiangtong Optoelectronics and FiberHome hit limit-down. Telecom equipment, electronic components, semiconductors and non-ferrous metals were among the worst-performing sectors.

The Hong Kong Securities and Futures Commission (SFC) and the Accounting and Financial Reporting Council (AFRC) signed a memorandum of understanding expanding cooperation beyond listed-entity financial reporting and related audits. The MoU covers financial and compliance reporting — and related audit and assurance work by auditors — for licensed corporations, SFC-licensed virtual asset service providers, SFC-authorised funds and registered open-ended fund companies. It also establishes a comprehensive framework for information sharing, case referrals, mutual assistance, and coordinated inspections and investigations on matters of mutual regulatory concern.