Brazil's finance minister said the IMF will raise its forecast for Brazil's potential growth rate.

U.S. Trade Representative said talks with Mexico in the week of July 20 will continue, focusing on rules of origin and economic-security issues.

South Korean equities tumbled after Meta’s plan to sell computing capacity raised concerns of AI compute oversupply. The KOSPI fell more than 6%, sliding as much as nearly 7% in early trade on Thursday and briefly triggering a trading halt. SK hynix dropped about 9% and Samsung Electronics fell over 7%. Overnight U.S. peers Micron (MU.O) and SanDisk (SNDK.O) each fell more than 10%. The moves may intensify investor doubts about the sustainability of the chip rally driven by booming AI infrastructure demand; Korea’s major suppliers occupy a central position in that supply chain.