President Trump said AI risks are manageable but he "wouldn't mind" setting guardrails.

Japan government bond yields rose on Monday, clawing back part of last week's falls after an AI-related equity sell-off had driven demand for havens. The 5-year yield climbed 5.5bps to 2.10%; the 10-year rose 6.5bps to 2.70%. Yields had hit multi-month lows on Friday amid a tech stock rout. Mitsubishi UFJ Morgan Stanley Securities senior bond strategist Keisuke Tsuruta said uncertainty around AI-related investment remains high and the risk-off effect merits close monitoring, but the rapid late-week drop in yields makes a near-term rebound correction possible.

IRNA reports explosions on Iran's Qeshm Island; Iranian authorities have not confirmed.