Foxconn reported June sales of TWD 821.8 billion, up 52.1% YoY; Q2 revenue rose 39.83% YoY. The firm said AI server-rack shipments are expected to continue rising in Q3 and overall operating performance is forecast to increase both QoQ and YoY, while it will monitor the impact of volatile global political and economic conditions.

U.S. President Trump said he was surprised Iranians were crying at Khamenei's funeral because he had expected people to dislike him, and suggested the displays might be fake tears.

Oil prices fell across the board after a US-Iran peace deal freed substantial crude supplies that demand cannot absorb. Less than three months ago global physical crude benchmarks hit record highs, and until weeks ago industry executives warned inventories were at extremely low levels amid the Iran crisis. Analysts from Morgan Stanley to Goldman Sachs this week warned of a risk of supply overhang next year; Energy Aspects head of oil research Kit Haines said market sentiment is overwhelmingly bearish. Persian Gulf suppliers had begun ramping shipments before the June MOU reopening the Strait of Hormuz, and in the weeks after the deal more than 60 mln barrels of oil that had been trapped by the war flowed into the market.