US Treasury yields extended gains after the US CPI release; 10-year yield up 9.03 bps at 4.952%, 2-year yield up 16.54 bps at 4.715%.

France's top trade official said that despite Republican setbacks in last week's US midterms, President Trump may not alter his trade policy. Trade Minister Nicolas Forissier said Democratic control of both the House and Senate would increase scrutiny of tariffs but that final policy authority rests with the president; he said he was uncertain how much would actually change. He added it remains important to continue talks on last year's EU‑US trade deal, under which the EU removed tariffs on US industrial goods in exchange for a 15% cap on tariffs for most exports.

Investors returned to AI-related trades after last week’s selloff, sending Korea’s KOSPI up more than 5% intraday on Tuesday; Samsung Electronics and SK Hynix both rose over 5%. U.S. tech had posted gains on Monday; NVIDIA (NVDA.O) slipped but did not halt the rebound. The move was supported by falling oil prices and eased Middle East risk after Trump said no further strikes on Iran were needed. ANTHROPIC’s release of a new AI model ahead of its Wall Street IPO also boosted sentiment.