Lam Soon (Hong Kong), part of Malaysia's Hong Leong Group and known in Hong Kong for Knife peanut oil and Axion dishwashing liquid, reported full-year results to end-June. Revenue rose 5% year on year to HK$5.063 billion, driven by growth in its food and home care businesses, according to Ming Pao. Net profit attributable to shareholders fell 3% to HK$293 million, as higher selling and distribution expenses and lower other income weighed on earnings. The company declared a final dividend of HK$0.35 per share, up 6% from a year earlier.

Goldman Sachs' latest survey found that high-net-worth investors are keeping about 20% of their net worth in cash and cash equivalents. According to Sina Finance, market volatility and concerns about persistently high inflation were the main reasons investors sold stocks and bonds. The article also said U.S. stocks are flashing a warning signal that has appeared only twice in 155 years, with the S&P 500's Shiller CAPE ratio above 41. According to Sina Finance, Brookings Institution senior fellow Robin Brooks said rising U.S. Treasury yields suggest conditions are worse than they appear.

Canada is poised to impose tariffs of 15% to 50% on hundreds of products from the US on Tuesday, according to Bloomberg. Prime Minister Mark Carney is betting that pushing back against US President Donald Trump will eventually strengthen Ottawa’s negotiating position with its biggest trading partner.

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