Fed's Williams said the US economy has already shown significant resilience.

China A-share education sector staged a short-lived rally; Kede Education jumped more than 14%, while Angli Education, Huatu Shanding, Quantong Education, Kaiwen Education and Xueda Education also rose.

Sources said the Reserve Bank of India ran at least $10 billion of foreign-exchange swap operations in recent weeks to withdraw system liquidity and curb inflationary risk from excess cash. The bank executed sell-buy swaps with lenders across tenors from one month to about six months. Three- to six-month dollar-rupee contract rates rose this month, reflecting the operations. The reported scale exceeds recent publicly announced swap activity — typically offered in $3–5 billion batches — underscoring the larger cash surplus the central bank is addressing.