OPEC+ Expected to Hold October Oil Output Steady 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Chinese AI Stocks Rally After OpenAI Launches GPT-6 Astra 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
US Oil Blockade Deepens Iran’s Economic Crisis 
Gold Holds Near $4,400 as Fed Hike Bets Rise 
Asian Currencies Rise as Yen Surges on Fed Rate Outlook 
UK House Prices Fall for First Time Since 2023 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
China Expands Influence in Global Gold Market 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
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Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japan’s decision to keep interest rates unchanged. Market sentiment remained cautious despite record highs on Wall Street, where technology stocks continued to drive gains.
The Bank of Japan held its short-term interest rate steady at 0.75% in a widely anticipated move, with a 6–3 vote backing the decision. Policymakers signaled a gradual path toward monetary tightening, noting that future rate hikes will depend on economic conditions and developments surrounding the Middle East conflict. The central bank also highlighted moderately rising inflation expectations, reinforcing the possibility of further policy adjustments later this year.
Japan’s Nikkei 225 slipped 0.7% to 60,107.50 after reaching a record high in the previous session, while the broader TOPIX index rose 0.8%, reflecting mixed investor sentiment. In contrast, South Korea’s KOSPI surged more than 1% to a fresh all-time high, outperforming regional peers.
Elsewhere in Asia, markets were subdued as rising crude oil prices continued to pressure risk appetite. Ongoing disruptions near the Strait of Hormuz, linked to the Iran conflict, have kept oil prices near multi-week highs, fueling inflation concerns across global markets. Technology stocks in the region also declined, mirroring a cautious tone ahead of key U.S. earnings reports and increased scrutiny over artificial intelligence valuations.
A Wall Street Journal report indicating that OpenAI missed internal revenue and user growth targets ahead of a potential IPO added to uncertainty in the AI sector. Meanwhile, China’s Shanghai Composite dipped 0.1%, Hong Kong’s Hang Seng fell 0.7%, and Australia’s S&P/ASX 200 declined 0.5%. Singapore’s Straits Times Index edged up slightly, while India’s Nifty 50 futures pointed lower.
Global investors are now closely watching the U.S. Federal Reserve’s upcoming policy decision, which is expected to provide further direction for financial markets.
