China A-share semiconductor materials sector rallied, led by Youyan Silicon’s 20cm stock hitting the daily trading limit; Yake Technology, Kangqiang Electronics and Youyan New Materials had earlier hit limit-up while Shengong Co. and Xi'an Yicai also advanced.

The Federal Reserve accepted $1.65bn from two counterparties in fixed-rate reverse-repo operations.

EIA data show U.S. distillate fuel exports rose to a record 1.9 mln bpd last week, surpassing May’s prior peak, as global demand for diesel strains supplies. Exports have exceeded 1.5 mln bpd for five straight weeks. Disruptions linked to early U.S.-Iran hostilities — impeding crude and product flows through the Strait of Hormuz — and months of Ukrainian attacks on Russian refineries have tightened global diesel availability, leaving the U.S. one of the few producers able to export at scale. Despite refiners running at full tilt to boost diesel output, seasonally adjusted U.S. distillate inventories fell to their lowest level for this time of year since 1996.