Federal Reserve's Williams said the current monetary policy stance is very well suited to achieving that objective.

Iran's state broadcaster IRIB reported early on Wednesday that the U.S. attacked a wheat storage silo in Hoveyzeh.

Hong Kong shares closed higher; HSI +1.4%, Hang Seng Tech Index +1.3%. Market turnover HKD 304.3 bln. Biotechnology and innovative-drug names led gains: 06127.HK (Zhaoyan New Drug) +23.78%; 09887.HK, 01477.HK and 02315.HK each rose over 10%. AI agent names also outperformed: 00100.HK (MINIMAX-W) +13.3%, 02513.HK (Zhipu) +16.69%. Large-cap internet stocks firmed—03690.HK (Meituan) up more than 5%, 00700.HK (Tencent) and 09988.HK (Alibaba) both up over 2%. Precious-metals names lagged: 01182.HK -8.75%, 03330.HK and 06693.HK down more than 5%.