Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
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Asian markets mostly declined on Wednesday, echoing Wall Street’s weak overnight performance as hotter-than-expected U.S. inflation data and renewed trade tariff threats from President Donald Trump rattled investor sentiment. Most indexes across the region slipped, weighed down by concerns over prolonged Federal Reserve rate hikes and global trade tensions.
Mainland Chinese markets underperformed after a mixed Q2 GDP report fueled fears of an extended economic slowdown. The Shanghai Composite and CSI 300 both dipped 0.2%. However, Hong Kong’s Hang Seng Index defied the regional trend, rising up to 0.8% on strong gains in tech stocks. Optimism surged after Nvidia (NASDAQ:NVDA) confirmed it would resume sales of its sought-after AI chips in China, sparking rallies in local AI giants like Baidu (NASDAQ:BIDU), Alibaba (NYSE:BABA), and Tencent.
Baidu further gained momentum with a 3% jump in its Hong Kong shares (HK:9888) following news of a global robotaxi partnership with Uber Technologies Inc (NYSE:UBER). Analysts say access to Nvidia’s chips could significantly boost China’s AI capabilities through leaders like ByteDance and DeepSeek.
Still, broader gains were limited due to economic worries from the mainland. Across Asia, Japan’s Nikkei 225 and TOPIX both fell 0.2%, while South Korea’s KOSPI declined 0.7%. Australia’s ASX 200 slid 0.9% on profit-taking near record highs. Singapore’s Straits Times edged slightly higher, and India’s Gift Nifty 50 Futures remained flat.
U.S. CPI data reinforced concerns over inflationary pressure from Trump’s trade policies, with the S&P 500 Futures down 0.1% in Asian trade. Trump’s latest move includes imposing 25% tariffs on imports from South Korea and Japan starting August 1, and a 19% duty on Indonesia, raising fears of escalating trade tensions across Asia.
