Russian President Putin meets with Philippine President Marcos in Kazan in Russia, while Putin signals readiness to increase energy exports to the Philippines

PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: ASMedia Tech (5269 TT) is developing high-speed data transmission chips for AI servers, edge AI devices, robots and autos; Nasdaq dropped post-hawkish FOMC, but futures rebound overnight on US-Iran MoU signing

PBoC is expected to set USD/CNY mid-point at 6.7752 (prev. 6.8096)

Russian President Putin meets with Philippine President Marcos in Kazan in Russia, while Putin signals readiness to increase energy exports to the Philippines

Source on Telegram posted that several IRGC boats were engaged in unspecified activity in the Strait of Hormuz, while a US ship broadcast a warning message in Persian to tell them to cease operations and return to port or the US Navy would attack them

[MARKET UPDATE] Asia-Pac stocks begin mixed, albeit with a positive bias and US equity futures claw back some of the losses seen from the hawkish FOMC, with the rebound facilitated by the signing of the US-Iran MoU