US Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
South Korea, US Discuss Warship Building Cooperation 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
European Stocks Slip as Iran Tensions Offset Strong Eurozone Data 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Trump, Xi Focus on Trade and AI at White House Summit 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
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Asian stock markets traded mostly higher on Tuesday as investors cautiously returned to technology stocks after July’s AI-driven selloff, while Australia’s strong gains helped offset weakness in Japan and Hong Kong. Improved sentiment followed another rally on Wall Street, where technology shares extended their rebound on the back of upbeat corporate earnings and strong U.S. economic data.
Investor confidence was boosted after Palantir raised its full-year revenue and profit forecasts, reinforcing optimism generated by recent strong results from Microsoft and Alphabet. Meanwhile, the Dow Jones Industrial Average closed at a record high after U.S. manufacturing activity expanded at its fastest pace in more than four years during July. Nasdaq 100 and S&P 500 futures also advanced during Asian trading.
Chinese equities outperformed regional markets as technology stocks recovered from Monday’s sharp losses. The CSI 300 climbed 0.6%, while the Shanghai Composite remained nearly flat. Major tech names including Foxconn Industrial Internet, BOE Technology, SMIC, iFlytek, and Luxshare Precision posted gains as investors bought back AI-related shares.
Hong Kong stocks were mixed despite Alibaba unveiling its largest artificial intelligence model, Qwen3.8-Max, which the company said surpassed competing models from Anthropic and Moonshot on several benchmarks while offering lower costs. Alibaba shares gained modestly after Monday’s rally, while Tencent and Xiaomi declined, leaving the Hang Seng Index down 0.6%.
South Korea’s KOSPI recovered from steeper early losses to trade 0.3% lower after Monday’s sharp decline, with Samsung Electronics holding steady and SK Hynix edging higher. Citi analysts noted that sentiment across Asian technology stocks remains divided, although improving confidence in artificial intelligence could support further gains.
Japan continued to lag regional peers, with both the Nikkei 225 and TOPIX falling around 0.6%. Kioxia Holdings advanced, but declines in Murata Manufacturing, Sony, and TDK weighed on the broader market.
Australia’s S&P/ASX 200 outperformed, reaching a record high as lithium miners surged on stronger commodity sentiment. Pilbara Minerals, Liontown Resources, Core Lithium, and European Lithium all posted solid gains.
Investors are now focused on the Reserve Bank of India’s policy decision, U.S. labor market data, and earnings from SpaceX, Disney, Uber, and Airbnb, which are expected to provide fresh insights into the economic outlook, Federal Reserve policy, and continued AI investment trends.
