Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Trump, Xi Focus on Trade and AI at White House Summit 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
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Asian stock markets surged Tuesday following U.S. President Donald Trump’s announcement of a potential ceasefire between Israel and Iran, boosting investor confidence and risk appetite. South Korea’s KOSPI index led regional gains, jumping 2.5% as shares of Samsung Electronics rose 3.5%. Hong Kong’s Hang Seng Index followed with a 1.8% increase, while Japan’s Nikkei 225 climbed nearly 1%, and the TOPIX rose 0.8%.
Trump revealed the tentative ceasefire through a post on Truth Social, outlining a staged plan starting with a 12-hour pause from Iran, followed by a similar move from Israel, leading to a potential end to hostilities within 24 hours. The announcement came just days after U.S. airstrikes on Iranian nuclear facilities and Tehran’s retaliatory missile attack on a U.S. base in Qatar. However, Iranian Foreign Minister Abbas Araghchi stated that no ceasefire had been finalized.
Despite the uncertainty, markets responded positively. China’s Shanghai Composite rose 0.9%, while the CSI 300 gained 1.1%. Southeast Asian markets also advanced, with Singapore’s Straits Times Index up 0.5%, Indonesia’s Jakarta Composite surging over 2%, and the Philippines’ PSEi rallying 2%. India’s Nifty 50 Futures were also up 1% during Asian hours.
Australia’s S&P/ASX 200 gained 1%, supported by strong corporate news. Rio Tinto and Hancock Prospecting announced a joint A$2.4 billion (US$1.61 billion) investment in the Hope Downs 2 iron ore project in Western Australia. Each firm will invest US$800 million, with expected annual output of 31 million tonnes by 2027. Rio Tinto’s shares rose on the news, contributing to broader market optimism.
