JP Morgan maintains a bullish view on copper and expects prices to continue rising over the next several quarters toward $15,000 per tonne.

Mitsubishi UFJ Morgan Stanley Securities strategist Daisaku Ueno said FX intervention can only curb speculative yen weakness and is unlikely to permanently stop yen selling while the US–Japan real policy rate gap persists. He called the selling pressure structural, driven by Japanese corporate and household investment decisions and real demand. Japan's finance minister Katayama said the government is prepared to take appropriate FX market action if necessary.

Hong Kong stocks opened lower and extended losses; the HSI fell more than 2% and the Hang Seng Tech Index dropped 1.6%.