Japan's Nikkei 225 fell below 63,000 points, down 1.21% intraday.

China opened 103 new international air-cargo routes year-to-date through July 31, 2026, adding 229 weekly round‑trip flights, the China Federation of Logistics & Purchasing said. July added 11 new routes. Expansion has shifted toward Asia while steadily developing new cargo links to Africa and North America to reduce reliance on Europe. Route breakdown: Asia 51, Europe 38, North America 12, Africa 2, South America 1.

BESSENT’s debt management team has repeatedly rejected Wall Street and the Treasury Borrowing Advisory Committee (TBAC) requests to drop forward guidance in the Treasury’s future bond issuance plan, and many dealers now no longer expect a near-term policy change. Ahead of Wednesday’s quarterly debt strategy statement, most market participants expect the Treasury to reaffirm it will “not increase note and bond sizes for at least the next few quarters.” The guidance dates to the Biden administration; BESSENT previously criticized it as aimed at lowering long-term borrowing costs before the 2024 election. With midterms approaching, Republican officials also prefer to avoid signals that could expand auctions and push yields higher. RBC Capital Markets US rates strategist Blake Gwinn said Treasury should preserve optionality: modifying the guidance could lift yields, but the later the change, the larger the potential market impact.