HKO issued a Yellow Rainstorm Warning for Hong Kong.

Aug 25 — A Western Land-Sea New Corridor cross-border road shuttle completed the first trial using documents adapted to the UN Convention on the Transferable Documents of Title to Goods. The fully loaded shuttle, carrying communications equipment and other cargo, departed Chongqing Nanpeng bonded logistics center and exited China via Youyiguan port to Vietnam on a roughly 1,400 km route. The trial, based on the UN convention, marks a key step toward cross-border road-transport documents functioning as certificates of title.

Iran's equity rally is best read as an asset re-pricing in a high-inflation environment, not a traditional fundamentals-driven bull market. Key market signals to watch: whether TEDPIX can hold above 6,000,000; whether the rial continues to weaken; whether inflation remains near 90%; whether gold/USD keeps rising; and whether real profits at export-oriented petrochemical, steel and mining firms improve. If stocks rise while the rial stabilizes, inflation falls and corporate earnings recover, that would signal a substantive economic rebound. If instead stocks rise alongside a weaker rial, higher gold and inflation stuck near 90%, the rally is likely driven by cash flight and hedging of currency depreciation and inflation rather than underlying economic repair.