Bilibili (BILI.O) shares fell 3.3% in pre-market trading after the company said it plans to raise $700 million through convertible notes.

Ban Kil-joo, professor of international security at the Korea National Diplomatic Academy, said a South Korean deployment to the Strait of Hormuz would send an important signal to Washington that Seoul remains willing to shoulder alliance responsibilities despite recent trade friction. He described media-reported options — maritime patrol aircraft, logistics support ships and mine countermeasure/clearance units — as a "medium-intensity" military contribution that would support international efforts to secure navigation in the Strait of Hormuz without amounting to combat operations against Iran.

REUTERS SURVEY: Australian housing market downturn expected to last six to 12 months or longer; prices forecast to decline 6.0-7.5% peak-to-trough.