RBNZ maintains current loan-to-value ratio (LVR) settings.

SMIC co-CEO Zhao Haijun said at the company earnings meeting that Chinese internet companies have materially ramped hardware investment beyond SMIC’s prior forecasts; customers’ expected future volumes are far above earlier projections. Demand tied to data-center circuit boards and compute modules, and supporting chips — including logic, BCD power devices and optical-module transceivers — is outstripping supply.

South Korean stocks opened higher: KOSPI +2.68% at the open; Samsung Electronics +2%; SK Hynix +6%.