白宮貿易顧問納瓦羅：美國海關官員不堪重負，疲於應對關稅規避問題。

Signs US inflation have strengthened and bond traders are no longer fully pricing a Federal Reserve rate hike this year. A U.S. Treasury rally sent yields down as much as 9bp across maturities; the 30-year yield fell 8bp ahead of a new 30-year issue expected to price at the highest yield for that tenor since 2001. Benchmark oil dropped over 3% on Thursday — oil, the chief driver of UST moves since a late‑February US strike on Iran sparked a supply shock, is reinforcing views that US inflation has peaked. US data showed July PPI slowed and Wednesday’s CPI indicated inflation eased for a second consecutive month. Short-dated interest-rate contracts rallied, lowering implied policy rates and signalling traders are scaling back Fed hike bets.

Aug 13 — Shanghai-Shenzhen combined turnover CNY 2.551 tln, up CNY 398.494 bln from the previous session. Shanghai turnover CNY 1.1642 tln (prior CNY 986.122 bln); volume 573 mln lots (prior 503 mln). Shenzhen turnover CNY 1.3867 tln (prior CNY 1.1663 tln); volume 738 mln lots (prior 625 mln). Top stocks by turnover: Zhongji Xuchuang CNY 27.745 bln, Changxin Technology CNY 25.386 bln, GigaDevice CNY 22.901 bln, Newiscom CNY 19.447 bln, Dongshan Precision CNY 17.278 bln.