US Treasury: In the latest two-week reporting period, foreign investors bought $8.749 bln of 5-year Treasuries maturing Aug. 31, 2031, versus $6.623 bln in the prior month.

China Index Academy data show average residential rents in China's first-tier cities have risen MoM for six consecutive months since March. In Shanghai, rents rose across districts in August, led by Jinshan, Minhang, Putuo, Pudong New Area and Xuhui; average residential rent was 84.39 yuan/sq m/month in August, up 0.61% MoM and 1.25% YoY. Shenzhen also posted a sixth straight MoM increase: August average rent 83.05 yuan/sq m/month, up 0.27% MoM but down 0.11% YoY. Districts with MoM gains in Shenzhen included Guangming, Bao'an, Nanshan, Futian and Longgang; only Guangming, Bao'an and Futian showed YoY growth.

DBS Group Research says Miniso’s 2026-27 core profit could be pressured by slower-than-expected overseas sales growth and larger-than-expected margin dilution as the company shifts to directly operated stores. Miniso’s latest guidance is more cautious and reflects a European restructuring that will close about 100-110 underperforming distributor-run stores. Analysts cut 2026-27 core profit forecasts by 23-32%; profitability may remain weighed down by the overseas direct-store transition and rising selling expenses. DBS lowers its ADR target from $20 to $12 but maintains a buy rating, noting market concern over margins may already be reflected in the share price.