WBG chief economist Gill said developing countries will benefit from AI and related productivity gains.

Sources say the Bank of Japan is open to raising policy rates more frequently than once every six months.

HK-listed chip stocks opened higher after reports TSMC will raise wafer prices from 2027. Biren Technology (06082.HK) rose more than 5%; GigaDevice (03986.HK) and Innosilicon (02577.HK) gained over 3%; Montage Technology (06809.HK), SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) also advanced. Sources say TSMC plans base price increases of up to 10% for advanced and mature process nodes, with incremental orders for some AI high-performance‑computing chips potentially subject to larger uplifts.