KYODO: Citing a funding shortfall, Japan is considering tapping reserve funds to add several hundred billion yen to extend gasoline subsidies until October.

Jupiter Asset Management favors German five-year bunds. It sees Italy's 10-year government bonds, yielding around 4%, as attractive.

HK-listed chip stocks opened higher after reports TSMC will raise wafer prices from 2027. Biren Technology (06082.HK) rose more than 5%; GigaDevice (03986.HK) and Innosilicon (02577.HK) gained over 3%; Montage Technology (06809.HK), SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) also advanced. Sources say TSMC plans base price increases of up to 10% for advanced and mature process nodes, with incremental orders for some AI high-performance‑computing chips potentially subject to larger uplifts.