Hong Kong chip stocks extended gains: Tianyu Semiconductor (02658.HK) rose over 14%, Jiangbolong (09976.HK) and Tianshu Zhixin (09903.HK) climbed more than 7%, Hua Hong Hongli (01347.HK) gained over 6%, and Innosilicon (02577.HK) and SMIC (00981.HK) were up more than 5%.

South Korean President Lee Jae‑myung met Kazakhstan’s President Tokayev on Tuesday and signed a memorandum of understanding on the peaceful use of nuclear energy. The two leaders pledged to deepen cooperation on trade, energy, critical minerals and artificial intelligence. South Korea’s presidential office said 13 documents were signed, including the atomic energy MoU and pacts on crude oil and technology; specific terms were not disclosed.

Jason Thomas, Carlyle Group, said the Federal Reserve must take price stability seriously.