Luckin Coffee reported Q2 revenue of RMB 15.89 billion, up 28.5% YoY, and said it opened more than 5,000 stores in 1H. Q2 average monthly transacting customers were 112.7 million, up 22.9% YoY. Company-operated same-store sales fell 5.3% YoY in Q2, citing a high base from last year’s delivery promotions (same period in 2025: +13.8%). Q2 operating profit from company-operated stores was RMB 2.47 billion, up 25.9% YoY, with store operating margin roughly unchanged YoY. CEO Guo Jinyi said the China

Citigroup and Barclays strategists said yen appreciation could strengthen Asian currencies with high yen correlation, naming the South Korean won, Singapore dollar and Thai baht as the most likely beneficiaries. Japan and the United States previously intervened in FX markets to support the yen after it fell to multidecade lows. As of Monday the yen had risen over 4% vs the dollar in the past three trading days; the won, baht and Philippine peso each gained at least 0.7% over the same period. Barclays said recent USD/JPY intervention may have been coordinated and its spillovers to Asian FX could exceed historical correlations, potentially further lifting yen‑sensitive Asian currencies in the near term, particularly if the dollar weakens. Barclays also flagged that Fed chair Kevin Warsh’s relatively dovish press conference last week helped push the dollar lower, providing additional support for Asian currencies.

The New York Post reports FIFA president Infantino will speak with U.S. Secretary of State Rubio after 9:00 p.m. ET (9:00 p.m. Beijing time).