South Korea's finance ministry said it will extend temporary fuel tax cuts by two months, now due to expire at the end of January.

A-share storage chip stocks rallied in the afternoon; Puran Co. rose over 9%, Baiwei Storage briefly jumped more than 6%, and Demingli, Juguang Technology and Xiangnong Xinchuang also advanced. Media report said several leading suppliers have verbally informed distributors of intentions to raise prices for enterprise-grade memory chips; formal price-increase notices have not been issued.

The United States did not send a delegation to the UN climate summit in Antalya, Turkey, where 197 countries are meeting — the second consecutive year of non‑participation. Under Trump, the US withdrew from the 2015 Paris Agreement, stopped dispatching representatives to annual UN climate meetings, said it no longer seeks to reduce greenhouse‑gas emissions, cut support for climate science and halted climate adaptation finance for vulnerable countries. Trump previously called global warming “the greatest hoax in human history.” Some observers say a Democratic victory in 2028 could restore US engagement; former US climate envoy John Kerry said if current electoral trends continue the US could elect a leader committed to concrete climate action and that a cooperative US would be welcomed back to negotiations.