Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
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Asian stock markets mostly advanced on Tuesday, led by gains in regional tech shares that mirrored strength in U.S. counterparts. Optimism was tempered, however, by lingering concerns over U.S.-China trade tensions and fragile economic indicators.
Japan’s Nikkei 225 added 0.3%, while Hong Kong’s Hang Seng Index surged 1.2%, rebounding from recent losses. Technology stocks outperformed, buoyed by easing U.S. Treasury yields and sustained investor confidence in artificial intelligence demand. Taiwan Semiconductor Manufacturing Co. (TSMC) rose 1% after its CEO acknowledged tariff pressures but reaffirmed robust AI-driven growth.
Electric vehicle shares also rallied. BYD Co. climbed nearly 2%, snapping a six-day losing streak after strong May sales, especially overseas. Li Auto jumped nearly 5%, leading Hang Seng gainers following a Goldman Sachs price target hike.
Chinese markets reopened after a holiday, but the Shanghai Composite and CSI 300 traded flat. Investor caution grew after U.S. President Donald Trump accused Beijing of breaching a trade agreement, claims China firmly denied. Trade talks appeared stalled, dampening hopes for a lasting resolution. Meanwhile, China’s Caixin manufacturing PMI unexpectedly contracted in May, signaling the negative impact of U.S. tariffs and soft overseas demand.
Elsewhere in Asia, Australia’s ASX 200 rose 0.3% as central bank minutes reaffirmed a dovish stance following a recent rate cut. Still, economic data remained weak, with a surprise contraction in company profits and a wider-than-expected current account deficit ahead of key GDP figures.
Singapore’s Straits Times Index edged up 0.1%, while futures suggested a cautious open for India’s Nifty 50 ahead of the Reserve Bank of India’s interest rate decision. Markets expect a 25 basis point cut to support growth amid global headwinds.
