Federal Reserve Chair Kevin Warsh said he is not impatiently waiting for any single data point; trends matter and individual data points are noisy.

Vietnam's Ministry of Industry and Trade told the prime minister that delays in generation and grid projects could produce power shortages from next year and jeopardize the government's double-digit economic growth target. The ministry said only about 5% of power projects under the national growth plan are operational; most remain under development or awaiting approval, hampered by investor selection, land procedures and grid readiness. It said supply should meet demand this year but rising consumption and project delays could leave a roughly 4,200 MW gap and about 2.9 bln kWh shortfall next year; the deficit could widen to about 13,900 MW and 61.2 bln kWh by 2030.

China A-share baijiu sector staged a short-lived rally; Kuaijishan hit the daily limit, Guyue Longshan rose over 7%, and Laiyifen, Zhongrui, Weilong Dangjia and Huangtai also advanced.