FTSE China A50 futures opened 0.1% higher.

Shiyan’s Housing and Urban Renewal Bureau, Natural Resources and Urban‑Rural Development Bureau and the Shiyan branch of the National Financial Regulatory Administration jointly issued implementation opinions for the Notice on improving the commodity‑housing sales system. The six‑part, 19‑article document is effective on publication. Shiyan is the first third‑/fourth‑tier city to publish Aug. 28 policy implementation rules and the ninth city nationwide. China Index Academy said Shiyan’s details introduce several new measures versus earlier city rules, notably on treatment of ongoing construction projects, standards for public‑facility allocations, and timing of individual mortgage disbursements, indicating localised variations in implementation.

A tech-sector selloff drove flows into traditional havens—yen, Japanese and US government bonds—pushing the yen to a one-month high. After weeks of tight trading the yen broke out in the past 24 hours, rising to 156.08 per dollar in Tokyo trade (up 0.4% intraday) and returning to its Sept. 18 level, the day the Bank of Japan hiked rates; it had gained 0.9% on Thursday. Asian equities fell alongside Wall Street. Japan 10-year bond prices jumped, sending yields down about 10bp; US Treasuries largely held Thursday’s gains. Commonwealth Bank strategist Carol Kong said investors prefer the yen to the dollar as a safe haven after US mega-cap earnings dented the AI-driven growth narrative and added that further tech de-risking could push the yen higher.