Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
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Asian stock markets traded mixed on Tuesday, with most major indices rising on expectations that the U.S. Federal Reserve will cut interest rates next week. Japan’s Nikkei 225 briefly surged 1.2% to a record 44,185.7 points before easing to 43,732.6, still up 0.2% by 02:50 GMT. The broader TOPIX also edged higher, extending a four-day winning streak.
Investor sentiment in Japan strengthened after Prime Minister Shigeru Ishiba resigned following heavy election losses, fueling speculation that his successor may adopt more expansionary fiscal and monetary policies. Markets also expect the Bank of Japan to delay further tightening. Positive momentum was supported by revised GDP data showing 2.2% annualized growth in Q2, up from the earlier 1.0% estimate, driven by private consumption and inventory gains. On a quarterly basis, GDP expanded 0.5%, above the 0.3% forecast. Additionally, optimism grew after a U.S.-Japan trade deal promised reduced tariffs on auto exports by mid-September.
Elsewhere, Hong Kong’s Hang Seng index rose 1.5%, while the Hang Seng TECH sub-index gained 1.7%, tracking Wall Street’s Nasdaq record close. South Korea’s KOSPI advanced nearly 1%, with chipmakers Samsung Electronics up 1% and SK Hynix jumping 2.8%. China’s Shanghai Composite was flat, and the CSI 300 dipped 0.1%.
Australia’s S&P/ASX 200 slipped 0.6%, pressured by financials after ANZ Group announced 3,500 job cuts and a A$560 million restructuring charge. Singapore’s Straits Times Index fell 0.3%, while India’s Nifty 50 futures traded largely unchanged.
Overall, expectations of U.S. rate cuts, upbeat Japanese economic data, and political shifts drove market sentiment, though regional performances varied.
