ChiNext Index widened afternoon gains, now up over 4%; China's Shanghai Composite Index +0.44%, Shenzhen Composite Index +2.1%. Fiber-optic, F5G and CPO-related stocks continued to rally.

Federal Reserve's Hammack said if the inf trend does not cool, the Fed may need to act 'as soon as possible'.

Advisor to Iran's supreme leader Rezai said on the 3rd via social media that Iran will not accept excessive US demands in negotiations or any ceasefire and will respond to every shelling or aggression with heavy missile and drone strikes. The Khatam al-Anbia Central Command said in a separate statement that recent US and Israeli military actions have exposed “fake human-rights defenders” and blamed them for the killing of more than 160 children at Minab Primary School, calling that one of hundreds of alleged crimes. The command said Iranians will not yield to threats, will defend national sovereignty, and that the US and Israel have no choice but to surrender to Iran’s armed forces and people.