By the 23:00 local close, China's most-active futures contracts were mostly higher: coking coal up nearly 2%; coke and soybean oil rose more than 1%; propylene, rebar, iron ore and glass gained about 1%. On the downside, fuel oil, pulp, soybean No.1 and ethylene glycol (EG) fell over 1%; asphalt declined about 1%.

Sources: President Trump met Wednesday with the Energy, EPA and Agriculture secretaries to discuss refinery waiver requests under the US Renewable Fuel Standard.

Hong Kong Rating and Valuation Department: July private residential property price index 321.5, down 0.46% MoM (ending a 13-month gain), up 11.6% YoY; Jan–Jul cumulative +7.3%. July residential rent index 207.4, +0.8% MoM, +5.07% YoY (record high); Jan–Jul rent index +3.44%. Cushman & Wakefield’s Hong Kong research head said the new US Fed chair has added near-term uncertainty over rate direction, and, together with geopolitical and global market volatility, is prompting some buyers to adopt a cautious wait-and-see stance. She added sustained local housing demand, population inflows and record rents support underlying market strength, so July’s modest price dip likely represents consolidation rather than a fundamental shift.