China A-share semiconductor sector traded higher after intraday volatility; Yuanjie Technology surged over 10%, while Huafeng Measurement & Control, Goke Microelectronics, Weice Technology, Juguang Technology and Xinpeng Micro also advanced.

Oman last week proposed a Malacca Strait‑style joint regional management mechanism for navigation safety in the Strait of Hormuz, funded by voluntary levies on shipping companies; Iran rejected the proposal. Oman also proposed splitting the channel evenly between Iranian and Omani territorial waters so vessels enter on one side and exit on the other; Iran rejected that plan and counter‑proposed that Iran manage its side while Oman manage only part of the opposite channel — a structure that would effectively allow Iran to control traffic on both inbound and outbound lanes. Iranian foreign minister Araghchi said talks with Oman are in their final stages to design a route that respects both countries' sovereignty; foreign ministry spokesman Baghaei said Tehran seeks an acceptable route (neither the northern nor southern lane) to safeguard Iran’s national interests and security and is working with Oman to open a temporary security corridor. Oman has not publicly responded.

Hyundai Motor July global sales were 318,454 units, down 5.1% YoY.