U.S. 10-year Treasury auction yielded 5.3%, the highest level since November 2000.

The office of opposition lawmaker Choi Eun-sik said retail clients of ten Korean brokers suffered estimated losses of KRW2.3 trillion ($1.7bn) between May 27 and Aug. 14 after buying leveraged ETFs and related notes linked to single shares of Samsung Electronics and SK Hynix — the first public estimate of the scale. Launched in May, those single-stock leveraged products amplified AI-driven volatility in the Korean equity market, reversing earlier gains and producing heavy losses. The spike in volatility prompted Korean regulators to step in to curb retail trading, and turnover in the affected products has since fallen sharply.

A source said Iran routes funds to HEZBOLLAH through intermediaries, and amid heightened risk those intermediaries are charging four times the usual fees.