After President Trump told the United Nations he would "wipe out" Iran, Tehran warned Washington not to carry out any new strikes. State media Press TV cited the Islamic Revolutionary Guard Corps saying any such action would yield "nothing but failure." The Iranian Armed Forces General Staff warned Tehran would respond with "harsher, more destructive and unpredictable" strikes and said Washington's repeated "baseless accusations and threats" should not be read as a sign of strength.

Hong Kong stocks closed higher: the Hang Seng Index rose 0.18% and the Hang Seng TECH Index rose 0.34%. Tech and internet names outperformed; Tencent Holdings (00700.HK) closed up 5.02%.

New York Fed System Open Market Account manager Perli said the Fed’s monetary policy toolkit remains highly effective. The Fed has maintained strong interest-rate control and kept reserves ample, and its Treasury purchases have been operating smoothly. Recent liquidity injections are currently paused but were not a preset path; the Fed could resume Treasury purchases if it judges market liquidity needs them. Reserve management purchases (RMP) of Treasuries will be adjusted based on market liquidity conditions.