The Mexican peso gained nearly 1% against the US dollar; Mexico’s main stock index rose more than 3%.

Global banks are restricting hedge fund leverage on leading Asian chipmakers after strong year-to-date rallies raised pullback risk. Brokers including Citigroup, JP Morgan and Goldman Sachs have raised financing costs on swap-based longs in SK Hynix and Samsung Electronics, tightened new-trade sizes and which names they will trade, and in some cases are refusing new swap requests or assessing them case-by-case. Banks have applied similar limits to TSMC.

A-share semiconductor materials sector dipped intraday; Kaihua Materials fell over 7%, with Oulai New Materials, Shanghai Silicon Industry, Kaide Quartz and Youyan Silicon also sliding.