U.S. Treasury yields and the dollar fell after oil dropped more than 3% and markets repriced the U.S. rate outlook. CME FedWatch shows a 42% chance of one Fed hike this year; the probability of a second hike fell to 28% from 34% a week earlier as inflation expectations cooled. A Wall Street Journal survey forecasts the University of Michigan consumer sentiment index, due at 10:00 a.m. ET (22:00 Beijing), to rise to 49 from 44.8.

Leapmotor launched its first MPV, the D99, equipped with dual Qualcomm SA8797 chips and an on-device multimodal AI large model. All trims come standard with all-wheel drive and continuously variable damping; powertrain options include range-extender and battery-electric variants. Pricing starts at 249,800 yuan.

SoftBank Group shares fell as much as 12% intraday after reports OpenAI may postpone its IPO until next year, potentially delaying returns for Japanese investors. SoftBank’s exposure to OpenAI was expected to reach about $65bn by October. Markets had treated an OpenAI listing as a major valuation catalyst that helped push SoftBank to record highs and lift its market value above Toyota last month. The New York Times reported OpenAI’s adviser bankers warned tech-sector volatility could damp IPO demand. The move produced SoftBank’s biggest single-day drop in Tokyo in over three months on Friday morning. Strategist Hiroki Takei said an OpenAI IPO would provide a transparent market valuation for SoftBank’s large holdings, including hundreds of unlisted startups, which could narrow the group’s conglomerate discount; a delay would lower those expectations.