Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Switzerland Industrial Production Jumps 5.5% in Q2 2026 
China Set to Hold Benchmark Lending Rates Steady for 15th Month 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus 
Wall Street Slides as Treasury Yields Surge to 19-Year High 
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets 
Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears 
Asian Chip Stocks Plunge as Bond Yields Fuel AI Valuation Fears 
UK Inflation Rises to 2.9% in July as Energy Costs Climb 
Asian Currencies Rise as Dollar Hovers Near Multi-Month Lows 
Gold Prices Edge Higher as Dollar Weakens Ahead of Fed Minutes 
US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
European Stocks Slide as Iran War Escalation Sends Oil Higher 
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Asian Stocks Mixed as U.S. Treasury Yields Rise
Asian stocks performed mixed on Wednesday, as rising U.S. Treasury yields and uncertainty around the upcoming U.S. presidential election kept investors cautious. Most regional markets followed a flat lead from Wall Street, which saw mixed corporate earnings and subdued optimism.
Hong Kong's Hang Seng Index Surges on IPO Strength
Hong Kong's Hang Seng Index led the region, rising 1.7%. The market was buoyed by a strong debut from China Resources Beverage, which saw its shares soar by 14%. The company raised $540 million in its IPO, marking Hong Kong’s second-largest IPO of the year. This followed Horizon Robotics, which raised $696 million earlier in the week, fueling optimism about a recovery in Hong Kong's IPO market after a prolonged slump.
Chinese Markets Extend Gains on Stimulus Measures
China’s Shanghai Composite and CSI 300 indexes rose 0.4% and 0.2%, respectively, as Beijing's recent stimulus measures boosted investor sentiment. A surprise interest rate cut from the People’s Bank of China (PBOC) on Monday and expectations of further liquidity injections helped support Chinese stocks.
Other Asian Markets Struggle for Direction
Elsewhere, Japan's Nikkei 225 and TOPIX indices remained flat amid anticipation of a general election and an upcoming Bank of Japan meeting. Australia’s ASX 200 and South Korea's KOSPI also saw minimal movement, while India's Nifty 50 futures pointed to a weak open due to profit-taking and capital outflows.
