China

• India won four additional medals on Day 2 of the Asian Games 2026 in Aichi-Nagoya, bringing their total count to six. • The team earned three medals in shooting and a historic bronze in mixed martial arts, resulting in a total of four silver and two bronze medals. • India currently ranks 12th in the medal standings, trailing dominant leaders China, Japan, and South Korea.

• European stock markets rallied midday as investors reacted positively to US-China relations and falling oil prices. • The FTSE 100 index rose 100.10 points, or 0.9%, to reach 10,759.23. • Market gains occurred despite warnings regarding France's soaring government debt and limited fiscal headroom for the UK chancellor.

• China imported $1.65 billion worth of silver ore during the month of August. • Oil tanker charter rates have surged to their highest inflation-adjusted level in more than 20 years. • The Global Financial Tightness Indicator has reached its most restrictive level in approximately two years.

• Scott Bessent proposed that the United States and China establish an AI incident alert system to increase transparency between the two leading AI powers. • The proposal aims to move from opaque operations to more open communication regarding AI risks and failures. • This approach allows the U.S. to maintain its competitive lead because Donald Trump has resisted calls to slow down AI development.

• Hong Kong Exchanges and Clearing (HKEx) added Bursa Malaysia to its list of recognized stock exchanges in July. • This update joins Malaysia with Singapore, Indonesia, and Thailand to allow companies from these markets to apply for secondary listings in Hong Kong. • The move creates new cross-border opportunities for South-East Asian companies to access capital and investors in the Hong Kong equity market.

• Accenture shares rose over 7% following a new partnership with Anthropic to perform independent safety assessments on artificial intelligence models. • Anthropic is targeting an annualized revenue of $100 billion and may pursue a public stock listing as early as November. • Greenland-related stocks surged, with Greenland Energy rising over 100% after Donald Trump announced a security agreement with Denmark and Greenland.

• The U.S. is proposing a new notification system with China to alert each other about artificial intelligence incidents that could threaten national security. • This proposal comes as Donald Trump resists calls to slow down AI development to prevent China from catching up to U.S. capabilities. • The system aims to reduce the risk of accidental escalation or security breaches caused by autonomous AI systems.