U.S. Treasury Secretary Bessent said he supports Pakistan achieving economic self-sufficiency.

South Korea’s JoongAng Ilbo reports SK Hynix (SKHY.O) is negotiating to acquire Intel’s (INTC.O) large semiconductor campus in Ohio, aiming to start front-end production of memory chips at the site within five years. SK Hynix is conducting internal reviews and seeking required government approvals; price and timing are still being worked out. If completed, the deal would help SK Hynix meet U.S. domestic-production requirements and provide cash relief to Intel’s strained foundry business.

JP Morgan strategists say they are staying on the sidelines before taking outright duration in the US short end, citing short-term yields near recent highs, a Fed blackout period and key jobs data still weeks away; they continue to advise patience and do not recommend establishing duration at current levels. The two-year Treasury yield briefly fell 0.8bps intraday to 4.252%, near the multi-month high of 4.298% hit on July 14.