Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
The National Development and Reform Commission (NDRC) said downward pressure on the Chinese economy is increasing.
Key Takeaways
- Chinese economy is stable and ZHAO from NDRC confident of achieving economic growth goals.
- China’s state planner Vice Chairman said they will adopt multiple measures to stimulate the private sector.
- Local governments aim to complete special bond issuance by the end of Oct.
- Plans to issue 200 billion Yuan in advance budget spending and investment projects from next year.
