China A-share retail sector strengthened; Dongbai Group and Huijia Times hit the daily trading limit, Zhongbai Group rose more than 4%, Baida Group, Guoguang Chain, Guofang Group and Gongxiao Daji also gained.

Financial Times reports the UK government is drawing up plans to mandate safety reporting and monitoring for frontier AI, and the minister responsible is preparing to require firms to implement tighter controls on autonomous models.

DBS Group CEO Chen Shushan said markets are reassessing risks tied to AI infrastructure investment, which could lead to tighter financing discipline as investors demand higher returns and scrutinize deal structures. Markets are testing whether large AI capex will deliver sufficient long-term returns to repay debt, bonds or equity; DBS warned some weaker firms may face credit-rating downgrades but called the repricing healthy for ensuring sustainable, profitable AI investment. DBS said it has participated in about $20bn of AI-related transactions this year, mainly as lead arranger on syndicated loans while retaining only a small share of the risk.