At 05:00 on July 8 the center of Typhoon Bavi (No.9) was about 1,650 km east‑southeast of Keelung, Taiwan, and is forecast to move west at 20–25 km/h. The Zhejiang Maritime Safety Administration activated a level‑III typhoon emergency response at 08:00 on July 8.

Counterpoint Research director MS Hwang said recent share-price weakness does not indicate a fundamental shift in the memory-chip market. Samsung Electronics fell 6.9% and SK Hynix fell 6.1% on Tuesday, even as Samsung expects another record quarter on strong demand; some investors may view much of Samsung’s upside as already priced in on stronger profitability expectations. Hwang said recent strikes and political debate over profit-sharing could raise concerns about future shareholder returns, but manufacturers’ fundamentals remain solid. Counterpoint’s July memory-price tracking report now forecasts Q3 DRAM prices up 10–20% as customers continue to front-load orders, versus an earlier 5–10% projection.

Japanese government bonds fell in Tokyo morning trade, tracking an overnight decline in U.S. Treasuries. Rising crude prices could exacerbate Japanese inflation and may prompt the Bank of Japan to accelerate rate hikes. Nomura FX research said Tuesday’s strong 30-year JGB auction failed to push yields lower, and the government may need to give explicit guidance on fiscal-market effects to restore demand for long-dated JGBs. The 10-year JGB yield rose 1.5 bps to 2.855%, an intraday high since Oct 1996.