South Korea's KOSPI opened 1.1% higher as SK Hynix rallied 18% and Samsung Electronics gained 15% at the open.

On July 30 Beijing time, China’s He Lifeng held a video call with US Treasury Secretary Bessent and Trade Representative Grier. China expressed serious concern about recent US trade restrictions; both sides agreed to leverage bilateral economic and trade consultation mechanisms, strengthen communication, build trust, expand practical cooperation and properly address mutual concerns under leaders’ strategic guidance to stabilize and improve China‑US economic and trade ties and support a constructive strategic‑stability relationship.

PHILIPPINE C.BANK said July annual inflation likely 5.6–6.6% YoY.