US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
An upward pressure on the USD/CNY exchange rate is expected to affect the remaining Asian exchange rates, according to the latest research report from Commerzbank. The Chinese stock market fell sharply yesterday in reaction to the latest tariff threats from the US.
The Shanghai Composite Index fell nearly 4 percent as opposed to the Dow Jones which fell just over 1 percent. A trade war between the world’s two largest economies will hurt everyone but the market is seemingly of the view that China, being a current surplus country, is likely to be hurt more than the US.
Furthermore, the United States economy is benefitting from the tail-wind from the tax cuts while China’s economy is slowing due to the ongoing deleveraging campaign.
Meanwhile, the stock market turbulence prompted People’s Bank of China (PBoC) Governor Yi Gang to issue some soothing remarks yesterday, pledging to be “forward-looking, prepare relevant policies, comprehensively use all kinds of monetary policy tools” and reiterated that China has room to face all sorts of trade frictions.
