The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.

2057 ET - The chip-industry boom is expected to generate substantial corporate cash in South Korea, with the extent to which companies repatriate overseas earnings likely to be a key determinant of domestic financial-market dynamics, Goldman Sachs analysts say. South Korean semiconductor companies are projected to generate roughly 150 trillion won in net cash, equivalent to 4.9% of gross domestic product in 2026, and the figure could rise to 9.3% of GDP in 2027, analysts led by Irene Choi write in a research note. Historically, companies have repatriated around 60% of their foreign-affiliate earnings on average, they note. They expect wage and dividend payments by major chip companies to reach 5.2% of GDP in 2027, the highest level in the available historical data. (kwanwoo.jun@wsj.com)

2042 ET - The Reserve Bank of Australia is likely to increase the cash rate by 25 basis points in September, with another in November, ANZ says, after adding another hike to its latest projections. That would take the cash rate to 4.85%, the highest since 2008, says Adam Boyton, head of Australian economics at ANZ. The change of view follows hawkish remarks last week by senior RBA officials. The board of the RBA meets early next week. (james.glynn@wsj.com; @JamesGlynnWSJ)

2041 ET - Japanese bank stocks look relatively attractively valued, as the potential benefit of rising interest rates doesn't appear to be fully priced in, T. Rowe Price's Daniel Hurley says in a note. The U.S. asset manager expects the Bank of Japan to continue to tighten, which will likely present a stock-selection opportunity, the portfolio specialist for Japanese equity strategy says. While T. Rowe Price remains constructive on the long-term potential of artificial intelligence, growth expectations are already reflected to a significant extent in the valuations of many AI stocks, the U.S. asset manager says. Improving corporate governance, stronger capital discipline, dividends and share buybacks can also support companies even where underlying earnings growth is relatively modest, it says. Japan's stock market is closed for holidays Monday through Wednesday. (kosaku.narioka@wsj.com; @kosakunarioka)

2033 ET - Asian currencies consolidate against the dollar in early trade. Markets will scrutinize a meeting between President Trump and Chinese leader Xi Jinping later this week for signals on the future direction of U.S.-China relations, MUFG Bank analysts say in a report. Economic and trade issues are likely to dominate discussions, while technology and artificial-intelligence-related restrictions are expected to remain key areas of contention. "Any constructive post-meeting statement would support Chinese assets and regional supply-chain beneficiaries," they say. The dollar is little changed at 156.87 yen and 6.6943 offshore Chinese yuan, while the Australian dollar edges 0.1% higher to US$0.7125, LSEG data show. (amanda.lee@wsj.com)

2016 ET - Attention in Australian financial markets will be on the Reserve Bank of Australia amid high expectations that it will raise interest rates next week. RBA Gov. Michele Bullock "firmly retired" the so-called "narrow path" rhetoric last week, says Tapas Strickland, chief market strategist at Moomoo, Australia. The narrow path emphasized protecting employment while fighting inflation. But Bullock is now pointing hard at the inflation risks, which would be deeply problematic if allowed to persist, he says. Markets now price an 87.9% chance of a rate increase next week, with another fully priced by early 2027.