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According to Fox News: US President Trump stated that Iran must not be allowed to possess nuclear weapons, and Iran will not possess nuclear weapons.Chinas composite PMI for August was 49.5, compared to 49.3 in the previous month.On August 31st, it was reported that Chinas Manufacturing Purchasing Managers Index (PMI) for August was 49.8%, up 0.6 percentage points from the previous month. Huo Lihui, Chief Statistician of the Service Industry Survey Center of the National Bureau of Statistics, explained that among the 21 industries surveyed, 16 saw an increase in their PMI compared to the previous month, indicating a significant improvement in the manufacturing sectors economic climate. Specifically, both production and demand in the manufacturing sector expanded simultaneously, with the production index and new orders index at 50.4% and 50.6% respectively, up 0.5 and 2.1 percentage points from the previous month. Domestic demand rebounded significantly, and overseas market demand also improved. He Hui, Vice President of the China Federation of Logistics and Purchasing, explained that both domestic and international market demand for manufacturing expanded in August, with both the new orders index and new export orders index showing significant year-on-year and month-on-month increases. The month-on-month change in market demand was better than the same period last year, indicating that policy support has effectively strengthened the driving force of economic development.Chinas official manufacturing PMI for August was 49.8, below the expected 49.6 and the previous reading of 49.2.Hong Kong stocks opened lower, with the Hang Seng Index down 0.64% and the Hang Seng Tech Index down 0.42%. Mainland property and banking sectors led the gains, while gold stocks fell sharply. Meituan (03690.HK) rose 2.52% after its earnings report, and Beike (02423.HK) rose more than 4%.

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