China's ChiNext index intraday gain widened to 1.0%; Shanghai Composite up 0.2%; Shenzhen Composite up 0.57%.

Axios, citing three people familiar with the matter, reports President Trump convened a meeting in the White House Situation Room on Tuesday to discuss a new large-scale offensive against Iran. The operation under discussion would be broader than current strikes around the Strait of Hormuz. Trump appears intent on escalating to inflict sufficient damage to compel Tehran to reopen the Strait of Hormuz and accept his demands on nuclear issues.

OpenAI said weekly usage of its agent products, Codex and ChatGPT Work, rose 2.5x week-on-week.