Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)

(FILES) Sailors stand on deck of a U-34 submarine at the TKMS (ThyssenKrupp Marine Systems) submarine shipyard, during a visit by the German and Indian Defence Ministers in Kiel, northern Germany on April 22, 2026. German warship-maker TKMS on August 12, 2026 raised its outlook for the second time this year as the company cashes in on global rearmament, sending its shares up a whopping 14 percent. (Photo by Gregor Fischer / AFP via Getty Images)

(FILES) The sun shines behind the logo of TKMS (ThyssenKrupp Marine Systems) at their submarine shipyard, in Kiel, northern Germany on April 22, 2026 during a visit by the German and Indian Defence Ministers. German warship-maker TKMS on August 12, 2026 raised its outlook for the second time this year as the company cashes in on global rearmament, sending its shares up a whopping 14 percent. (Photo by Gregor Fischer / AFP via Getty Images)

(FILES) The logo of TKMS (ThyssenKrupp Marine Systems) is seen on the facade of their submarine shipyard, in Kiel, northern Germany on April 22, 2026 during a visit by the German and Indian Defence Ministers. German warship-maker TKMS on August 12, 2026 raised its outlook for the second time this year as the company cashes in on global rearmament, sending its shares up a whopping 14 percent. (Photo by Gregor Fischer / AFP via Getty Images)

TOPSHOT - Window cleaners hang from ropes as they descend the front of a building in the central business district (CBD) of Sydney on August 12, 2026. (Photo by DAVID GRAY / AFP via Getty Images)

A fisherman heads out to fish on a plastic boat in the Arabian Sea in Karachi on August 12, 2026. (Photo by Rizwan TABASSUM / AFP via Getty Images)

An artisan embosses a design onto a brass sheet at a workshop in Hyderabad on August 12, 2026. (Photo by Noah SEELAM / AFP via Getty Images)