Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Asian stock markets edged higher on Friday in thin holiday trading, following record-breaking gains on Wall Street, while investors remained cautious about escalating tensions between the United States and Iran. Trading activity across the region was subdued, as key markets including China, Hong Kong, Singapore, and India were closed for public holidays.
Despite lower volumes, regional equities were supported by a strong U.S. session, where both the S&P 500 and NASDAQ Composite reached new all-time highs. Positive corporate earnings and a pullback in oil prices boosted investor confidence, particularly in technology stocks after Apple reported better-than-expected quarterly results.
Japan’s Nikkei 225 rose 0.6%, while the broader TOPIX index remained flat. However, gains were limited due to rising geopolitical risks. Reports suggested that U.S. President Donald Trump was preparing to review military options against Iran, increasing fears of further conflict. Iran responded with warnings of “long and painful strikes” if attacked, heightening uncertainty in global markets.
Concerns also grew over disruptions in the Strait of Hormuz, a critical oil shipping route, which has tightened supply expectations. Brent crude prices previously surged above $126 per barrel, marking a four-year high, before easing later.
Asian equities had already posted strong gains in April, fueled by optimism around artificial intelligence growth and a temporary easing of geopolitical tensions. South Korea’s KOSPI jumped over 30%, Japan’s Nikkei gained more than 15%, China’s Shanghai Composite rose nearly 6%, and India’s Nifty 50 advanced 7.5%.
Meanwhile, Tokyo’s inflation data showed modest growth, with consumer prices rising 1.5% year-on-year in April, still below the Bank of Japan’s target. Australia’s S&P/ASX 200 climbed 0.9%, supported by strong retail performance from Coles Group.
Overall, global market sentiment remains positive but fragile, as investors balance strong economic signals with ongoing geopolitical risks.
