Bank of Japan Governor UEDA said that after a bubble bursts, firms cut investment and spend years paying down debt and repairing balance sheets.

YONHAP reports South Korea's Ministry of Economy and Finance held a roundtable with semiconductor experts after US midterm-driven concerns about AI data-center regulation and market volatility. Participants said major AI firms' large-scale investments and planned projects, plus wider adoption of AI agents, support continued mid- to long-term semiconductor demand. They added that, despite some financial-market worries, they have seen no clear signals of reduced AI investment or chip demand. Expansion of domestic semiconductor firms' long-term supply contracts should keep the near-term demand base stable.

Decision Desk HQ projects California voters will reject Proposition 40, a U.S.-first measure that would have levied a one-off 5% wealth tax on billionaires resident in California in early 2026, with most proceeds earmarked to shore up healthcare funding. AP tally with about 71% of votes counted shows 46% support and 54% oppose. Its likely defeat would be a significant setback to nationwide efforts to tax extreme wealth. Opposition to the measure included tech billionaires, Democratic Governor Gavin Newsom and the Planned Parenthood Federation of California.