Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
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Asian markets saw mixed movement on Thursday as investor sentiment was rattled by renewed trade tensions and escalating geopolitical risks. U.S. President Donald Trump announced plans to impose new trade tariffs on major economies within weeks, signaling a tough negotiation stance. While Trump hinted at a completed U.S.-China trade deal, lack of concrete details and ongoing tariffs dampened investor optimism.
Markets also tracked weakness from Wall Street, as reports of U.S. personnel evacuations from Iraq and failed nuclear talks with Iran spurred concerns. Israel’s potential military response to Iran further weighed on risk appetite. Rising oil prices added to the cautious tone, though commodity-linked indexes gained modestly.
In Asia, S&P 500 futures dropped 0.4% during regional hours. China’s Shanghai Composite and CSI 300 edged lower, while Hong Kong’s Hang Seng fell 0.5%. Despite initial gains earlier in the week on news of a U.S.-China trade framework, Chinese equities faced pressure due to vague deal terms and continued tariffs. EV giants BYD and NIO both dropped over 2% amid local headwinds.
Japan’s Nikkei 225 slipped 0.8%, with the yen’s strength and tech losses dragging the index. Australia’s ASX 200 bucked the trend, rising 0.2% on gains in energy and gold stocks, supported by expectations of rate cuts. South Korea’s KOSPI gained 0.5% to a 3.5-year high, boosted by political stability and a bullish earnings outlook.
Singapore’s Straits Times index rose 0.3%, while India’s Nifty 50 futures edged up 0.2% following reports that Reliance Industries is in talks to invest in OpenAI. Overall, uncertainty over global trade policies and Middle East tensions kept investors cautious across Asian markets.
