Fed's Barkin: Inflaiton is down but we're not there yet

An unverified social media account alleges a former Tsinghua professor was briefly detained and had his accounts erased after warning of a possible 20 to 30 year stagnation for China's economy, in a claim that has not been independently confirmed.

PBOC sets USD/ CNY central rate at 6.8054 (vs. estimate at 6.7838)

MU dips 22% from highs. Analysts see a buying op, but some warn of shorting risks & valuation shifts.

Iranian forces fired missiles at commercial vessels in the Strait of Hormuz, hitting two ships and setting a loaded LNG tanker ablaze, a U.S. official said, reviving fears over shipping safety through the critical oil and gas chokepoint.

PBOC is expected to set the USD/CNY reference rate at 6.7838 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.

South Korea's Kospi slammed 4% lower at open, Samsung slide Samsung Q2 profit beat, but shares lower

Trump's Dell endorsement sparks a 7% stock surge, but gains are fading. Investors watch valuation.