- Asian stocks fell as results exceeded expectations Data from China did not allay worries about the country's economic prospects, while rising Middle East tensions restrained optimism.
- Indicating still-fragile sentiment, Hong Kong's share indices reversed a modest surge sparked by a deluge of positive economic data. While the housing market continued to be a drag, China's retail sales and economic growth indicated that the economy is starting to take off. US futures and onshore Chinese benchmarks both continued to decline. Australian and South Korean stock prices changed.
- While crude oil and copper continued to rise, both the onshore and offshore yuan rose. As tension in the industry continues to mount in the wake of declining home sales and large developers' worsening debt problems, an indicator of China's real estate developers is on track to reach its lowest level since 2009.
- After Japan's 10-year yield reached a new decade-high, the Bank of Japan announced unexpected bond purchases. Japan's government debt has come under fresh selling pressure amid expectations that the central bank may soon alter its ultra-accommodative monetary policy. At its policy meeting later this month, the BoJ is expected to explore increasing its inflation prediction, according to sources with knowledge of the situation.