Australia Aug S&P Global services PMI preliminary 52.9, prior 53.6.

Israel's defense minister Katz said Turkish President Erdogan is dragging Turkey into a dangerous venture in Syria.

Galaxy Securities research: AI-era compute clusters are boosting demand for both front- and back-end networking. 1.6T port switches are expected to ramp from 2027, and WAIC 2026 highlighted supernodes as the dominant architecture. Rapid internal interconnect bandwidth upgrades raise per-switch value and support margins; Scale-Up switches compress latency from microsecond to ~100ns levels, increasing design and validation complexity versus legacy products and sustaining incumbents’ pricing power, creating industry chokepoints that accelerate domestic switch‑chip substitution. With overseas switch leaders' earnings catalysts, the report recommends focusing on leading domestic switch and switch‑chip names.