Singapore's FTSE Straits Times Index (STI) closed down 1.4% at 5,638.64.

The Bank of England plans to stop selling long‑dated gilts — specifically 20‑ and 30‑year paper accumulated during the financial crisis. Economists estimate gilt disposals since 2022 have cost taxpayers about £22bn; pausing sales until the end of the decade would save roughly £2.5bn a year versus continuing current disposals and could avoid tens of billions in losses. The decision comes as a global bond sell‑off and higher borrowing costs have heightened pressure on the new chancellor ahead of a first budget on Oct. 28; pausing sales would free up room to ease cost‑of‑living measures but would complicate meeting fiscal rules that require day‑to‑day balance.

China's National Bureau of Statistics said August equipment-manufacturing value added rose 12.1% YoY and high-tech manufacturing rose 16.7% YoY, respectively 6.9 and 11.5 percentage points faster than total industrial value added for enterprises above designated size.