Samsung Electronics confirmed plans to raise DRAM prices by about 20% in the third quarter, while SK Hynix moved ahead with a $29 billion American depositary receipts listing. Hon Hai Precision Industry, an Nvidia server assembly partner, reported quarterly sales up 40% year on year. South Korea’s Kospi rose 1.8%, leading gains across Asia-Pacific. The developments provided a clear earnings and pricing catalyst for chip stocks, benefiting Samsung, SK Hynix and the broader Korean index.

Donald Trump’s military campaign against Iran may have ended, but the resulting jump in Middle East geopolitical risk has lifted the projected path for global interest rates for years. Bloomberg Economics says the short-term closure of the Strait of Hormuz and related energy-supply disruptions have added to inflation stickiness. In its guide to 23 major central banks, it sees several policy-rate endpoints more than 50 basis points above pre-war expectations over the coming years.