USD/JPY trades up more than 0.50% intraday at 158.57.

A vessel caught fire near Kumzar on Oman's Musandam Peninsula at the entrance to the Strait of Hormuz.

Shanghai issued a plan to develop a national service-trade innovation demonstration zone, calling for stronger service-trade support for the integrated circuit sector. It will promote design+manufacturing integration and build an international joint design center in the Lingang New Area. The plan backs IC firms to achieve full industry‑chain breakthroughs and to cultivate internationally competitive leading companies. Customs and trade measures include allowing write‑off of imported consumable testing materials in comprehensive bonded zones based on actual consumption, piloting bonded supervision for IC testing operations with cross‑border inputs and outputs conducted outside comprehensive bonded zones, and supporting IC companies to operate international trade/distribution services.