Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Trump, Xi Focus on Trade and AI at White House Summit 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
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Asian stocks traded mixed on Friday, weighed down by renewed concerns over U.S. trade tensions following President Donald Trump’s announcement of a steep 35% tariff on Canadian imports. This followed earlier tariffs on South Korea and Japan, raising fears of a broader trade conflict.
Despite strong overnight gains on Wall Street, regional markets largely failed to follow suit, with S&P 500 futures slipping 0.4% in Asian trading. Investors turned cautious as the outlook for global trade darkened.
However, Chinese and Hong Kong stocks bucked the trend. The Shanghai Shenzhen CSI 300 and Shanghai Composite gained 0.7% and 0.6%, respectively, while Hong Kong’s Hang Seng index jumped 1.6%. Optimism was fueled by expectations of additional Chinese stimulus, especially after soft inflation data earlier in the week. Sectors like consumer goods and industrials led the gains.
Investor sentiment in Hong Kong also received a boost from Goldman Sachs, which upgraded its rating on the market to Market-Weight, anticipating easing monetary policy and milder U.S. tariffs. WuXi AppTec shares surged 10.5% after projecting strong first-half earnings, becoming the top performer on the Hang Seng.
Tech stocks in the region mirrored Wall Street’s positive momentum, particularly after Nvidia surpassed a $4 trillion valuation. Continued optimism around artificial intelligence supported gains across Asian tech sectors. South Korea’s KOSPI posted a weekly gain of over 4%, though it edged slightly lower on Friday.
Elsewhere, markets retreated. Japan’s Nikkei 225 and TOPIX slipped up to 0.3%, Australia’s ASX 200 dropped 1.5%, and India’s Gift Nifty 50 Futures fell 0.2%, pointing to a weak open. Traders remain hopeful for a potential U.S.-India trade agreement following Trump’s recent comments.
