Fed official says rates are in a “good position” as Asia markets diverge

Fed official says rates are in a “good position” as Asia markets diverge.

A senior Federal Reserve official said current interest rates are in a “good position” and forecast that inflation will cool in the second half of this year. Iran said it is not currently holding talks with the United States. It said its discussions at this stage are with Oman and include the Strait of Hormuz. The U.S.

and Japanese finance ministers said they would not hesitate to carry out further coordinated intervention in the yen market. The yen rose sharply against the dollar during the session. South Korea’s presidential policy chief faces criminal charges over the rushed promotion of a single-stock leveraged ETF listing.

South Korean regulators are considering measures to reduce leverage, including cutting the multiple on single-stock leveraged ETFs directly to 1x. The Bank of Korea increased its gold holdings for the first time in 13 years. Samsung’s foundry capacity utilization is expected to reach 100% this year, with a return to profitability nearing.

Alibaba released Qwen 3.8-MAX, which has 2.4 trillion parameters and performed strongly in long-horizon autonomous coding. The Nikkei 225 closed down 0.9%, the Shanghai Composite fell 0.59%, and the Hang Seng Index rose 0.48%.

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