South Korea's KOSPI was up 2.05% in early trade. SK Hynix and Samsung Electronics each rose more than 3%.

Zurich Insurance CEO says Switzerland is re-emerging as a financial center.

San Francisco Fed President DALY said further Fed tightening may be necessary to reduce inf, noting persistent price pressures that are not confined to industries directly affected by tariffs or oil. She said an increasing number of firms report plans to pass higher input costs to consumers and that pricing willingness is strengthening. DALY said she supports a September rate hike and holding policy unchanged in October. On AI, she said AI infrastructure is raising prices in some areas but its overall effect on inf is so far modest and not broad-based; she expects AI to boost productivity over the long run but the timing is uncertain. DALY is not an FOMC voter this year.