The Indonesian rupiah extended gains against the dollar, trading at 17,870 IDR per USD.

UK June unadjusted output PPI m/m 0.0% (consensus -0.4%); May revised to 0.3% from 0.5%.

China A-share innovative drug sector strengthened; Yaokang Bio rose over 13%, Laimei Pharma climbed over 8%, with other mid-cap drug names also advancing. US President Trump posted on social media on July 21 local time that from Aug. 1, 2026 all imported generics to the US will carry zero tariffs for two years, thereafter facing a 100% tariff for one year and then a 200% tariff thereafter.