Trump, Xi Focus on Trade and AI at White House Summit 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
US Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
South Korea, US Discuss Warship Building Cooperation 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
European Stocks Slip as Iran Tensions Offset Strong Eurozone Data 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Add as a preferred source on Google
Asian stock markets moved higher on Tuesday, supported by a strong rebound in semiconductor and artificial intelligence-related shares after heavy losses in previous sessions. Investor sentiment also improved as geopolitical tensions in the Middle East showed signs of easing following reports that Israel and Iran agreed to halt military strikes after pressure from U.S. President Donald Trump.
South Korea’s KOSPI index emerged as the top performer in Asia, climbing 3% after suffering a sharp decline in the previous session. The recovery was driven by gains in major chipmakers, with Samsung Electronics rising 3.4% and SK Hynix surging 7.7%. SK Hynix also benefited from news of a significant partnership with AI chip leader Nvidia. Additional support came from revised economic data showing South Korea’s GDP expanded by 1.8% in the first quarter, fueled largely by strong semiconductor exports.
Japan’s Nikkei 225 gained 0.9%, recovering from steep losses earlier in the week, while the broader TOPIX index added 0.5%. Technology stocks led the advance, with Tokyo Electron jumping 7.6%. However, investors remain cautious about the sustainability of the AI-driven market rally amid concerns over elevated interest rates and ongoing geopolitical risks.
Chinese equities also advanced after stronger-than-expected May trade data highlighted the resilience of the country’s export-driven economy. The Shanghai Composite and CSI 300 indexes each rose 0.4% as exports and imports exceeded forecasts, reflecting robust demand for semiconductors and AI-related infrastructure. Markets largely shrugged off the U.S. decision to place several Chinese technology giants, including Alibaba, Baidu, and BYD, on a blacklist linked to military concerns.
Elsewhere in the region, Singapore’s Straits Times Index gained 1.1%, while Hong Kong’s Hang Seng Index slipped 0.2%. Australia’s ASX 200 underperformed, falling 0.3% due to weakness in mining stocks. India’s Nifty 50 futures pointed to a subdued opening as investors continued to monitor the impact of higher oil prices on the country’s import-dependent economy.
The broader Asian market outlook remains tied to developments in artificial intelligence, semiconductor demand, global interest rates, and Middle East geopolitical stability, all of which continue to influence investor confidence across regional financial markets.
