Foxconn says next year’s outlook is positive and customer demand for AI is very strong.

Foreign media, citing sources, report UAE state oil company ADNOC is proposing to help Iraq export crude that would bypass the Strait of Hormuz via ‘dark’ ship-to-ship transshipments, moving Basra cargoes to Asian refiners. Sources say the plan would use short-haul rendezvous in the Persian Gulf with vessels reportedly switching off AIS before transferring cargo offshore; ADNOC is a leading Persian Gulf crude exporter.

Rising oil prices have rekindled inflation worries and pushed Japanese government bond yields higher. The five-year JGB yield hit a record high and the two-year yield rose to its strongest level since May 1995, prompting markets to increase bets on further BOJ tightening; Tokyo traders' association data place the probability of a September BOJ rate hike at roughly two-thirds. Domestic yield moves have not produced clear yen support: strategists say external forces — higher U.S. Treasury yields, firmer oil and a strong dollar/yen — remain the dominant drivers. Higher JGB yields could eventually help the yen by narrowing the Japan-U.S. yield gap, but current external pressure outweighs that effect. Wednesday's U.S. CPI print is the key near-term catalyst for the dollar and global yields.