Dollar Holds Near Two-Month High as Yen Approaches 160 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
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Most Asian stocks edged higher on Wednesday, led by strong gains in Chinese markets after news of upcoming U.S.-China trade talks boosted hopes for easing trade tensions. The Shanghai Composite and CSI 300 indexes each rose 0.5%, while Hong Kong’s Hang Seng surged 1.5%, outperforming regional peers.
The positive momentum followed confirmation that U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet Chinese officials in Switzerland this week. This marks the most concrete step toward deescalation since the trade war intensified in April, although steep tariffs on both sides remain in place. Investor sentiment was also supported by the People’s Bank of China’s move to cut banks’ reserve requirements, signaling more stimulus for the economy.
Despite overnight losses on Wall Street, U.S. stock index futures rebounded in Asian trading, with S&P 500 Futures up 0.6%, driven by optimism over renewed trade dialogue. However, markets remained cautious ahead of the U.S. Federal Reserve’s decision later in the day, with expectations of steady interest rates and no immediate policy changes.
Indian markets were in focus after military tensions with Pakistan escalated. Despite the conflict, Gift Nifty 50 Futures rose 0.5%, pointing to a resilient open. India claimed strikes on terrorist camps, while Pakistan reported retaliatory actions, including the downing of five Indian aircraft.
Elsewhere in Asia, broader markets saw modest gains. Japan’s Nikkei 225 and TOPIX rose 0.3% and 0.4%, respectively. South Korea’s KOSPI added 0.4%, and Australia’s ASX 200 gained 0.2%. However, Singapore’s Straits Times Index slipped 0.2%, dragged down by United Overseas Bank after disappointing earnings.
Overall, trade optimism and monetary easing supported Asian equities, despite lingering geopolitical and economic risks.
