China A-shares CPO sector active in early trade; Tongyu Communication hit the daily limit, Jingwang Electronics up >8%, Woge Optoelectronics up >7%; Yidun Electronics, Tonghui Electronics and Huilv Ecology also rose.

A U.S. official said the executive order signed by the president today will ban travel to the United States for the purpose of giving birth.

Demand for S&P 500 call options has surged, with Tuesday’s call volume topping 4 million contracts — a record — while put volume remained around average. Simplex Trading trader Jason Coogan said the market saw two days of one-way order flow. Analyst Tanvir Sandhu said the options market reflects investor FOMO: traders are prioritizing upside exposure over downside hedging, a shift evident in a marked change in option skew. Strong call buying is keeping implied volatility elevated despite the equity rally.