U.S. Treasury Secretary Bessent said it is unclear whether G20 ministers will take the necessary measures to achieve higher growth.

South Korea's presidential office confirmed on Sept 1 that policy chief Kim Yong-beom submitted his resignation yesterday, which was approved by President Lee. Kim faces criminal charges over launching leveraged ETFs linked to a single semiconductor stock — accused of abuse of power, coercion and obstruction — products blamed for amplifying market volatility and inflicting tens of billions of dollars in investor losses.

Wang Zonghao, head of China equity strategy at UBS, told a media briefing on Tuesday that investors can resume buying technology stocks and that, given funding conditions, he prefers A-shares to Hong Kong-listed equities. He said the three factors that drove the earlier tech pullback—shifts in the AI narrative, concentrated positioning and deleveraging—have all eased. UBS expects H2 investors to rotate into more non-AI sectors, broadening market leadership versus H1. The firm prefers A-shares partly because domestic liquidity is relatively more ample than Hong Kong, where IPOs and placings remain heavy, and it favors hardware names (which have higher weight in A-shares). UBS also recommends a dumbbell allocation including banks, selective non-AI-linked materials and export/offshore-themed stocks; it is cautious on consumption and sees incremental policy likely to target investment. UBS remains constructive on US tech and sets an S&P 500 year-end target of 8,100.