Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Asian markets rallied sharply on Monday, driven by investor optimism after a decisive election victory for Japanese Prime Minister Sanae Takaichi and renewed confidence in global monetary easing. The strong win boosted expectations for aggressive reflationary policies in Japan, while relief over Wall Street’s late rebound on Friday helped stabilize risk appetite across global markets.
Japan’s Nikkei index led regional gains, jumping 4.2% to fresh all-time highs as investors welcomed the government’s two-thirds majority, which clears the path for higher public spending and tax cuts. Market participants expect measures such as cutting consumption taxes on food to support domestic demand, while increased military spending could benefit Japanese defense stocks. With voters signaling strong support for “Sanaenomics,” analysts believe further stimulus measures may be announced in the coming months.
Across the region, MSCI’s Asia-Pacific shares excluding Japan rose 1.0%, while South Korea’s tech-heavy index surged 3.9%, buoyed by a global rally in semiconductor stocks. U.S. equity futures also advanced, with S&P 500 and Nasdaq futures up after strong rebounds at the end of last week.
Chipmakers were a major driver of sentiment, with Nvidia, AMD, and Broadcom posting outsized gains as investors rotated into perceived beneficiaries of artificial intelligence spending. However, concerns linger over whether massive AI capital expenditures will generate sustainable returns, given that the largest U.S. tech firms plan to spend hundreds of billions of dollars this year.
Markets are now focused on key U.S. economic data, including jobs, inflation, and retail sales, which will shape expectations for Federal Reserve rate cuts. A June rate cut is increasingly viewed as likely, provided data remains soft enough to justify easing without signaling a sharp slowdown.
In currencies, the yen weakened on expectations of debt-funded stimulus, while the dollar held steady. Commodities also rebounded, with silver and gold rising strongly after recent volatility. Oil prices edged lower as traders awaited developments in U.S.-Iran talks, keeping energy markets on edge.
