The year’s 18th typhoon, Shader, was centered at 13:00 on the 28th in Taishun County, Wenzhou, Zhejiang, with maximum winds near the center at force 10 (strong tropical storm). It is moving WSW at about 20 km/h, expected to weaken and enter northern Fujian on the afternoon of the 28th. At 14:00 on the 28th Fujian provincial typhoon command downgraded the typhoon emergency response to level 3 and maintained the flood-control emergency response at level 4.

Societe Generale rates strategists say 2027 budget negotiations are a key risk for the euro-area government bond market. Talks could refocus investors on fiscal strains and political uncertainty in countries such as Italy and Spain; the strategists recommend remaining short French sovereigns and modestly long Italian and Spanish sovereigns. Euro-area yields are near recent highs but remain within Societe Generale’s forecast range. They cite ongoing geopolitical risks, elevated oil and gas prices, rising sovereign debt, an expected pick-up in bond supply and the prospect of increased political uncertainty after the summer recess as additional headwinds.

The Hong Kong Transport Department invited interested platform companies to apply for ride‑hailing service licences; application deadline is Oct 30. Applicants must have paid‑up capital of at least HKD50m (≈$6.4m), at least HKD30m in bank deposits and a HKD30m credit facility.