Samsung Electronics fell 6% and SK Hynix fell 7% in Seoul pre-market trading. Overnight, U.S. memory and storage names declined broadly.

Thursday Asian morning US Treasuries rallied across the curve: 10-year yield fell 4bps to 5.14%; the policy-sensitive 2-year also eased; 30-year, which had been heavily sold amid inflation and fiscal worries, declined as well. ITC Markets senior analyst Kit Lowe said the market has reverted to a safe‑haven pattern of buying sovereign bonds on equity sell‑offs. Hotter-than-expected US inflation data sparked the stock selloff and renewed demand for bonds. Asset managers including PIMCO have recently advised increasing bond allocations after sell‑offs.

美联储褐皮书：自上一份褐皮书发布以来，12个联储辖区中有两个报告经济活动温和增长。