Canada's Prime Minister Carney said trade issues Canada can work with the US to resolve include forest products.

JPMorgan Asset Management strategist Xu Changtai said the Fed is unlikely to adjust policy rates this year as the committee appears to be exercising patience. He noted the Fed left rates unchanged and removed an easing bias from its statement; the initial language was read as hawkish, pushing US Treasury yields higher and US equities lower overnight. He added that under the Fed’s new leadership the dual mandate of price stability and full employment and the framework that relies primarily on the federal funds rate appear to be consolidated.

East Money Research Institute deputy director and chief strategist Chen Guo said A-shares saw large-scale discounted sales of high-quality stocks driven by liquidity-driven forced selling by holders of dividend assets, creating price dislocations. He reiterated a strong preference for non-bank financials, especially brokerages, noting the sector's ROE is at its highest since 2022 with room to rise and its current PB sits in the bottom decile of the historical distribution. He said he does not expect a broad A-share bear market; if one materialises, brokerage valuations would likely have adjusted first. Conversely, he warned that any extreme market compression of broker valuations should ultimately snap back.