Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
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Asian stock markets mostly advanced on Friday, driven by a rally in tech shares after Alphabet’s strong earnings and bullish AI outlook. The U.S. tech giant beat earnings expectations and reaffirmed its commitment to artificial intelligence, boosting global investor sentiment and lifting Nasdaq 100 futures by 0.5% during Asian trading.
Japan’s Nikkei 225 led regional gains, rising 1.4% despite hotter-than-expected Tokyo inflation, which raised prospects of further Bank of Japan rate hikes. Optimism around upcoming U.S.-Japan trade talks also buoyed Japanese markets, with the broader TOPIX gaining 1.1%.
Technology-heavy indexes, including South Korea’s KOSPI and Hong Kong’s Hang Seng, rose between 0.6% and 1.2%, following Alphabet’s performance. The positive momentum was further supported by Amazon and Nvidia’s outlooks, which highlighted strong, AI-driven demand for chips and data centers.
Baidu shares surged 4% in Hong Kong after unveiling upgrades to its Ernie AI model. BYD also gained 0.7% ahead of its quarterly earnings release.
In contrast, Chinese mainland stocks underperformed, with the CSI 300 and Shanghai Composite trading flat. Lingering concerns over U.S.-China trade tensions weighed on sentiment, especially after mixed messages on negotiations. While President Trump claimed talks were underway, Chinese officials denied any formal engagement, casting doubt on progress.
Broader Asian markets were mixed. Singapore’s Straits Times Index slipped 0.5%, and India’s Nifty 50 futures indicated a muted open. Australian markets remained closed for a public holiday.
Overall, AI momentum and tech earnings lifted Asian equities, but geopolitical uncertainty and inflationary pressures remain key risks for investors navigating the region’s markets.
