South Korea's KOSPI index saw early trading gains swiftly widen to 13%.

Bank of Japan Governor Ueda said Japan's economy is expected to maintain moderate growth.

Bank of England central forecast shows annual inflation remaining above the 2% target until Q4 2027 as the energy-price shock passes through the economy. In a milder scenario the Bank expects inflation to fall below 2% by Q3 next year; in an adverse scenario its model projects inflation could rise above 4% in early next year and remain above 2% through 2029. Latest UK data showed annual inflation fell to 2.6% last month, a larger decline than expected.