South Korea's KOSPI surged 15% intraday; SK Hynix rose 26% and Samsung Electronics climbed 21%.

HSBC cuts Meta Platforms (META.O) price target to $830 from $905.

The Bank of England held Bank Rate at 3.75% as expected; the vote was 6-3 with three members preferring a 25bp hike. Governor Bailey said the pre-existing disinflation trend that existed before the Middle East conflict remains in place, adding: "This offers some initial evidence that inflation inertia may be weaker than previously expected." GBP/USD 1.3381, below 1.3392 before the decision.