South Korea's KOSPI opened 2.43% higher; SK Hynix gained 4.8% and Samsung Electronics added 3.6%.

ECB policymaker Moulin said the central bank must prevent inflation from spreading beyond energy.

On the 3rd, Iran said talks with the US have made no new progress and reiterated that Washington must fully and explicitly accept and implement seven conditions before the Strait of Hormuz will be reopened. Iran said it is battle-ready and on the highest defensive alert. Qatar, acting as mediator, said US and Iranian parties are reviewing a mediation proposal, remain willing to continue talks but significant gaps persist, and Qatari mediators expect responses to a new proposal within 36 hours. President Trump said he would not rule out military action against Iran after the US midterm elections.