The Information reports that DeepSeek generated about CNY475 million ($70.7 million) in revenue in the first seven months of this year, roughly ten times its full-year 2025 revenue.

Australia's second-largest pension fund has built its largest yen overweight in years, betting markets understate the odds of Bank of Japan tightening, senior portfolio manager Jimmy Louca said. The fund, which manages about A$370 billion (US$265 billion) in retirement savings, added the position over the past six months as USD/JPY slid toward 160. The long-yen stance is uncommon amid broad yen selling. Louca said the market has only partially judged the sell-off—the energy-driven drag is largely priced in—but the probability of BOJ rate hikes appears underestimated. He said the BOJ could hike as soon as next month and signal two further increases; if it follows through, Japanese government bond yields could rise further.

IMF總裁格奧爾基耶娃：全球經濟在伊朗戰爭引發的能源衝擊中表現優於預期，這得益於石油和天然氣儲備的減少，以及非海灣能源供應的增加。