ECB policymaker Nagel said it is prudent for monetary policy to respond cautiously, but to act decisively when necessary.

GOOLSBEE says Fed policy working group will be led by senior officials.

Shares of South Korea's Hanmi Semiconductor rose more than 28% after the company posted Q2 consolidated operating profit of 130.3 bln won, up 51.0% YoY and roughly 8% above the street consensus of 121.0 bln won. Operating margin reached 51.9%, the first quarterly print above 50% and a company record. Q2 revenue was 251.1 bln won, up 39.5% YoY and the highest quarterly sales in the firm's history. Overnight softer-than-expected US CPI boosted investor confidence in the AI semiconductor sector, supporting the rally.