U.S. existing-home sales annualized 3.98 mln units in August, matching estimate 3.98 mln; prior 4.06 mln.

President Trump said he will make all of his tax-cut policies permanent.

The Bank of Korea urged tighter monitoring of overseas derivatives linked to Korean chipmakers, warning their rapid growth could amplify domestic market volatility. In its semiannual monetary report to the National Assembly the bank said concentration in semiconductor stocks, foreign investor rebalancing and the build-up and unwind of domestic leverage were key drivers of unprecedented KOSPI volatility from January to July, and cited a leveraged bet by a hedge fund called Situational Awareness as a recent example. It said global banks and ETF managers hedging total-return swaps traded Korean spot, futures and options, which amplified price swings. While not naming cases, the report noted a July anomalous trade in SK Hynix in the offshore crypto derivatives market triggered nearly $60m of liquidations, highlighting rising cross-market risks from leveraged products tied to Korean chipmakers.