FOXCONN expects AI-related business to continue growing in Q4 and flagged risks from volatility in the global political and economic environment.

MOFCOM said at mid-holiday that China’s consumer market remained stable and orderly in the first half of the National Day holiday; essential goods were well supplied and prices stable. MOFCOM commercial data showed that in the first three days footfall and turnover across 78 monitored shopping districts rose 3.4% and 5.3% YoY. Trade-in promotions generated CNY19.63 bln in sales and served 3.483 mln people: auto trade-ins totaled 46,000 units, supporting CNY7.45 bln in new-car sales; appliance trade-ins reached 1.511 mln units, driving CNY6.5 bln in sales; digital and smart-product purchases numbered 1.709 mln units, producing CNY4.9 bln in sales.

Romanian authorities said reports indicate a cargo ship that had already sunk caught fire; the cause is unknown.