UK PM Burnham to Unveil Economic Vision at Labour Conference 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Trump, Xi Focus on Trade and AI at White House Summit 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Add as a preferred source on Google
Asian stock markets traded mixed on Wednesday amid rising geopolitical tensions and investor caution ahead of the U.S. Federal Reserve’s interest rate decision. Hong Kong’s Hang Seng Index led regional losses, falling over 1% as risk sentiment weakened due to escalating conflict between Israel and Iran. Both nations exchanged missile strikes for a sixth consecutive day, with concerns intensifying after reports that U.S. President Donald Trump was considering military options against Tehran.
Trump’s comments demanding Iran’s “unconditional surrender” and asserting U.S. air superiority further rattled investors, contributing to a cautious market tone across Asia. Chinese markets also declined, with the Shanghai Composite down 0.5% and the CSI 300 shedding 0.4%. Singapore’s Straits Times Index dipped 0.5%, while Indonesia’s benchmark index slipped 0.1%. Australia’s ASX 200 and India’s Nifty 50 Futures remained largely flat.
Japan’s Nikkei 225 bucked the trend, gaining 0.7% to reach a four-month high, supported by a weaker yen amid surging oil prices. The broader TOPIX index rose 0.5%. Despite the gains, Japan’s trade data revealed a 1.7% drop in exports for May, marking the first annual decline in nine months. Exports to the U.S. plummeted 11.1%, reflecting the impact of steep U.S. tariffs on Japanese vehicles and industrial goods.
South Korea’s KOSPI also outperformed, rising 0.7%. Meanwhile, U.S. stock futures hovered in a narrow range, with investors awaiting signals from the Federal Reserve. While no rate hike is expected, market participants will closely watch for policy guidance and updated economic forecasts amid signs of slowing retail sales and growing recession concerns.
The overall market mood remained cautious, shaped by geopolitical uncertainty and macroeconomic headwinds.
