FTSE China A50 futures extend gains to 2%.

Tasnim News Agency quoted a senior Iranian security official telling U.S. President Trump that the Strait of Hormuz is governed by Iran's will, not by his tweets.

Samsung Electronics is in preliminary talks to issue American Depositary Receipts (ADRs) in the US, sources say. The company has held early discussions with several banks but has made no decision and will closely monitor volatile memory-chip peers before proceeding. If pursued, structuring a US listing could be complicated by Samsung’s diversified business mix and ongoing labor disputes. Sources say Samsung has considered ADRs before but shelved the idea; SK Hynix’s recent successful US listing has renewed interest. Samsung shares are up about 120% year-to-date, pushing market value above $1 trillion; that rally already reflects elevated earnings growth expectations. Samsung’s preliminary results beat forecasts last week but the subsequent sharp share drop highlights the high bar for investor satisfaction. Additional industry capacity coming online also poses downside pressure for chip stocks.