Hong Kong stocks closed lower after a weak open and midday rebound. HSI fell 0.29%; Hang Seng Tech Index down 0.41%. Oil names outperformed—00857.HK up ~3%—and port/transport rallied, 01138.HK +>2%. Banks, agriculture, auto dealers, power and gas saw buying. Biotech underperformed, 09969.HK down >7%; chip names extended losses, 03986.HK down >5%. Other laggards included optical communications, mainland property, media, airlines and nonferrous metals.

Axios: A U.S. judge found the White House failed to notify certain news organizations, violating Fifth Amendment due process, and issued a temporary restraining order requiring restoration of their access. The order is effective immediately for 14 days and bars Trump from appealing during that period.

Some local small banks are actively reducing stock of out-of-province deposits, cutting them on a quarterly basis while shifting funding toward in-province customers, a private-bank insider said. Regulators in July instructed some local commercial and private banks on local-customer determination: of five elements — ID address, habitual residence, primary business location, mobile-number registration location and device-location data — at least three must match to qualify as a local client. The guidance bars banks from taking on new non-local business; existing non-local business must be fully wound down by end-2027 and may not be extended via rollovers or restructurings. Regulators said the requirement covers deposits as well as loans and expects natural runoff, allowing a transition period rather than an immediate blanket cut-off.