Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
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Asian Stocks Fall as Surging Bond Yields Rattle Markets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
South Korea, US Discuss Warship Building Cooperation 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Dollar Holds Near Two-Month High as Yen Approaches 160 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
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Asian stocks traded on shaky ground on Wednesday as global markets digested sharp losses in U.S. and European equities, driven by growing fears that rapid advances in artificial intelligence could disrupt traditional software and professional services industries. While selling pressure was milder in Asia, the cautious tone reflected broader uncertainty around the future impact of AI on global growth and corporate earnings.
MSCI’s Asia-Pacific shares outside Japan slipped 0.2%, while Japan’s Nikkei dropped 1.23%. South Korea’s technology-heavy KOSPI edged down 0.14%, and Taiwan stocks fell 0.68%. Nasdaq futures declined 0.25% after a steep overnight loss, with S&P 500 and EUROSTOXX 50 futures also slightly lower. Analysts noted that Asia was relatively insulated, given its stronger exposure to hardware manufacturing rather than software-centric business models.
Investor anxiety intensified after Anthropic launched new plug-ins for its Claude Cowork agent, fuelling concerns of AI-driven disruption across data analytics, software, and consulting firms. Market strategists highlighted that the “AI trade” is increasingly dividing between winners and losers, rather than lifting the entire technology sector.
In commodities, oil prices climbed as geopolitical tensions resurfaced in the Middle East. Brent crude rose 1% to $68.03 a barrel, while U.S. crude gained 1.1% to $63.90. The move followed reports that the U.S. military shot down an Iranian drone near an aircraft carrier and that Iranian boats approached a U.S.-flagged tanker in the Strait of Hormuz, a critical oil shipping route for Asia.
Precious metals rebounded after a recent selloff, with spot gold rising 1.5% to $5,014 an ounce and silver gaining 1.7%. The earlier rout was triggered by expectations that a more hawkish Federal Reserve, under nominee Kevin Warsh, could shrink its balance sheet, pressuring non-yielding assets.
Currency markets were steadier, with the dollar pausing its rally. The yen weakened past 156 per dollar ahead of Japan’s election, while the euro and sterling held firm. Bitcoin hovered near multi-month lows as investors reassessed risk amid shifting Fed expectations.
