Iranian media report explosions heard in the Shiraz region.

Tickmill Group analyst Patrick Munnelly says SK Hynix’s ADR trades at a premium of more than 50% to its Seoul-listed shares, reflecting strong global investor demand for AI hardware and a scarcity premium for AI-focused assets. Chip names led a Wednesday rebound in the KOSPI, but the index had earlier suffered a sharp pullback and its further direction will hinge on whether the interest-rate environment improves.

A U.S. judge has blocked the Trump administration from enforcing visa restrictions targeting researchers who study social-media misinformation.