After CPI data were released, spot gold briefly rose $13 to $4,096.2/oz.

Chongqing issued its first red high-temperature warning of the year this morning, forecasting that between 13:00 and 20:00 today daily maximum temperatures will reach 40–42°C across 31 districts and counties — including Yuzhong, Shapingba, Dadukou, Jiulongpo, Nan'an, Liangjiang New Area and the High-tech Zone — and 37–40°C in seven districts including Wansheng Economic Development Zone, Nanchuan, Wulong, Chengkou, Shizhu, Qianjiang and Xiushan.

South Korea's KOSPI index fell 4.00% intraday to 6,534.34, with SK Hynix down more than 7%.