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Gold price hits $4,400 per ounce, reaching 10-week high amid sustained Chinese demand, US-Iran uncertainty over Strait of Hormuz.
China's NEV penetration rate hit a new high of 65.1 percent of total passenger car retail sales in July, up 11.6 percentage points year-on-year, according to the China Passenger Car Association. Among domestic brands the rate reached 83.8 percent, while luxury vehicles stood at 30.9 percent.
Tokyo stocks closed higher on Monday, with the Nikkei 225 rising 1,363.51 points, or 2.08 percent, to 66,970.22, supported by gains in heavyweight technology and AI-related shares and a weaker yen. The broader Topix index added 25.68 points, or 0.63 percent, to finish at 4,100.61.
Tanzania's central bank on Friday launched a sovereign yield curve, a key financial benchmark expected to enhance transparency, efficiency and investor confidence in the country's government securities market. Speaking at the launch ceremony in Dar es Salaam, Emmanuel Tutuba, governor of the Bank of Tanzania, said the new framework marks a major milestone in the modernization of the country's domestic financial markets, providing a reliable reference for pricing government securities and other financial instruments.