Philippine economy minister says the government will rebuild investor confidence.

US continuing jobless claims for week ended July 25: 1.801 mln, vs. 1.79 mln expected; prior revised to 1.777 mln from 1.782 mln.

CITIC Securities says tighter tax‑compliance requirements for Hong Kong insurance policies could disrupt near‑term demand for Hong Kong insurance, while direct financial impact on banks should be limited. Over the medium to long term, CITIC says Hong Kong insurance retains differentiated advantages in yields, foreign‑currency asset allocation and overseas life protection, and cross‑border wealth‑allocation demand remains resilient. Current market moves largely reflect short‑term sentiment and policy expectations and do not change the long‑run operating logic for Hong Kong financial firms.