Market sources report Ukrainian forces attacked a large refinery and an air force base on Russian territory.

Shenzhen retailers report a wave of PC price increases ahead of the school season. HP plans a 15% increase on Aug. 28 and another rise on Sept. 1; cumulative increases through Aug. 28 are about 20%. Lenovo stores say they have received notices to raise prices on Sept. 1. Asus staff expect post-Sept. 1 hikes of at least 500 yuan. Store employees cite upstream chip cost inflation as the primary driver. Low-end models are seeing the largest increases while mid-to-high-end models rise more modestly; used-PC market prices are rising in step.

YONHAP reports South Korea's presidential office appointed Finance Ministry vice minister Lee Hyoung-il as finance minister in a Sunday cabinet reshuffle.