Demingli shares rose as much as 9% in afternoon trade; gains have narrowed to 7.41%.

USD/JPY rose above the 163 handle, its highest level since 1986, trading up 0.34% on the day.

Mohammad Karami, commander of the IRGC ground forces, inspected Persian Gulf coastal areas and strategic islands and reviewed units under the 'Madinah Outpost Base.' He said sustained training, rapid‑response capability and a robust IRGC ground presence are central to protecting Persian Gulf waters, and ordered reinforcement of civilian defense networks and expansion of Basij forces to secure islands. Karami criticized the U.S. military posture in the region and said the IRGC is closely monitoring cross‑regional movements and continuously adjusting and enhancing defenses to counter potential threats.