Fed FOMC statement: rate hikes will support a more timely return of inf to the 2% target.

U.S. S&P 500 E-mini futures rose 0.19%, Nasdaq-100 futures gained 0.42% and Dow Jones futures rose 0.12%.

Property transactions have stabilized this year, prices are gradually recovering and new-home inventories continue to fall. Through August, national contracted area for second-hand home transactions reached 549 mln sqm, up 10.6% YoY. In August, new-home and resale prices in first-tier cities rose 0.1% MoM; MoM declines in second- and third-tier cities narrowed overall. The market, led by first-tier cities, shows continued resilience after local authorities applied city-specific policy adjustments. In late August central authorities issued a package of systemic property measures to restructure core sales and financing arrangements; Beijing, Shanghai, Chengdu and Xi’an also eased or tweaked local property rules. Momentum toward stabilization is strengthening but remains fragile; authorities stress full on‑the‑ground implementation of new measures to convert policy support into market activity.