US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
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Asian stock markets mostly moved higher on Wednesday, led by gains in Japan and Singapore, as investors awaited the U.S. Federal Reserve’s latest policy decision. Strong performance in technology and semiconductor stocks helped support regional markets, although caution ahead of the Fed meeting limited broader gains.
Japan’s Nikkei 225 index climbed 0.6%, remaining close to its recent record high above 70,000 points, while the broader TOPIX index gained 0.75%. Technology, semiconductor, and industrial shares led the rally amid continued optimism surrounding artificial intelligence (AI) demand. Recent trade data showed that exports of AI-related electronics and semiconductor products contributed to robust export growth in May, helping Japan record a smaller-than-expected trade deficit.
Despite the positive market sentiment, SoftBank Group shares fell as much as 5% after reports suggested that OpenAI, one of the company’s major investments, continues to face significant operating costs and ongoing losses related to its advanced AI models.
Japanese equities largely shrugged off the Bank of Japan’s recent 25-basis-point interest rate increase. The central bank also indicated that further rate hikes remain possible as it addresses inflationary pressures driven by energy costs.
Elsewhere in Asia, Singapore’s Straits Times Index surged more than 1% to a new record high. The rally followed stronger-than-expected growth in non-oil domestic exports during May, supported by rising global demand for AI-related electronic products.
Australia’s ASX 200 advanced 0.5% after the Reserve Bank of Australia left interest rates unchanged, a move widely anticipated by markets. In China, the CSI 300 index edged up 0.3%, while the Shanghai Composite slipped 0.1%. Hong Kong’s Hang Seng Index declined 0.75% amid concerns over weaker Chinese economic data released earlier in the week.
South Korea’s KOSPI traded mostly flat after recent volatility in semiconductor stocks. Meanwhile, futures linked to India’s Nifty 50 rose 0.6%, signaling a positive market opening.
Investors remain focused on the Federal Reserve’s policy announcement. While rates are expected to remain unchanged, market participants are closely monitoring economic projections and guidance on future interest rate moves. Attention is also turning to a planned memorandum of understanding between the United States and Iran, which could help ease geopolitical tensions and reopen the strategically important Strait of Hormuz.
