US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
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Asian markets were mostly subdued on Tuesday as investors assessed the fragile U.S.-China trade truce and growing concerns over renewed technology tensions. South Korea’s KOSPI led regional losses, retreating sharply after a record-setting rally, while investors in Australia awaited the Reserve Bank of Australia’s (RBA) latest interest rate decision.
On Wall Street, stocks ended mixed overnight, supported by gains in the tech sector following a $38 billion cloud partnership between Amazon and OpenAI. However, U.S. stock futures slipped slightly during Asian trading hours, signaling investor caution amid ongoing geopolitical uncertainty.
Tensions resurfaced after U.S. President Donald Trump announced that Nvidia’s next-generation Blackwell AI chips would be reserved for domestic use, effectively restricting exports to China. In a “60 Minutes” interview, Trump emphasized that these advanced chips would “stay in the U.S.,” highlighting the persistence of tech export curbs even after the recently agreed one-year trade truce. The move raised fresh concerns over potential supply-chain disruptions and the impact on China’s technology sector.
Following the Trump-Xi summit in South Korea, Chinese Ambassador to the U.S. Xie Feng urged Washington to respect Beijing’s “red lines,” stressing that while the truce has “recalibrated” relations, tensions could easily reignite if issues such as Taiwan and human rights are challenged.
In regional markets, China’s CSI 300 slipped 0.5%, while the Shanghai Composite dipped 0.3%. Hong Kong’s Hang Seng Index was flat, and Japan’s Nikkei 225 was little changed after a holiday, though the TOPIX rose 0.4%. Singapore’s Straits Times Index edged down 0.2%, and India’s Nifty 50 futures also moved slightly lower.
Attention turned to the RBA, which was widely expected to keep rates unchanged at 3.60% amid sticky inflation. Investors are watching closely for signals on potential rate cuts in 2026 as global economic uncertainty lingers.
