Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
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Asian stock markets rose on Friday, led by Japan, as a strong rally in U.S. tech and bank shares lifted investor sentiment. However, gains were capped by caution ahead of the July 9 deadline for potential new U.S. tariffs, despite signs of progress in U.S.-China trade talks.
Japan’s Nikkei 225 surged 1.6%, hitting a five-month high, while the broader TOPIX gained 1.2%. Tech giants led the charge, with Tokyo Electron jumping 5%, Sony rising 2.6%, and SoftBank Group adding nearly 3%. The rally came even as Tokyo's June consumer price index rose less than expected, casting doubt on the Bank of Japan’s ability to continue raising interest rates. Tokyo’s inflation figures are seen as a key gauge for nationwide price trends.
Overnight, Wall Street posted solid gains with the S&P 500 and Nasdaq closing just below record highs, fueled by tech and financial stocks. U.S. futures were flat during Asian hours, reflecting investor caution ahead of trade policy developments.
U.S. Commerce Secretary Lutnick stated that a U.S.-China trade deal outlined in Geneva has been finalized, with additional agreements involving 10 major partners expected soon. Meanwhile, a ceasefire between Israel and Iran continued to hold, easing concerns over global supply chains.
Across Asia, performance was mixed. China’s Shanghai Composite was flat, while the CSI 300 edged up 0.1%. Hong Kong’s Hang Seng rose 0.4%, and Australia’s ASX 200 hovered near record highs. Southeast Asian markets also gained, with the Philippines’ PSEi up 0.7% and Singapore’s STI advancing 0.6%. India’s Nifty 50 futures ticked 0.2% higher. South Korea’s KOSPI bucked the trend, falling 0.8% on profit-taking after a strong recent rally.
