Gold Rebounds as Oil Falls and Treasury Rout Eases 
UK Housebuilder Stocks Surge on New First-Time Buyer Loan Scheme 
US Alcohol Ban Exposes Canada’s Internal Trade Barriers 
XRP Price Targets $1.70 as Bullish Momentum Builds 
Dollar Eases Near Two-Month High as Yen Rebounds 
Gold Plunges 4% as Treasury Yields Surge and Fed Rate Hike Bets Rise 
Asian Currencies Mixed as Yen Weakens, RBA Hike Looms 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
Fed’s Williams Signals One More Rate Hike Before Year-End 
Asian Stocks Fall as Bond Yields and Oil Prices Surge 
Asian Currencies Weaken as Dollar, Oil Prices Rise 
Nvidia China Chip Sales Report Sends Chinese Semiconductor Stocks Lower 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
Asian Stocks Fall as Oil Surge, Bond Yields and AI Concerns Hit Markets 
U.S. Stock Futures Steady as AI, Rate Concerns Weigh 
Japan Factory Output Unexpectedly Falls 1.7% in August 
Japan Warns Markets Over Yen Weakness 
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Asian stocks were mostly higher Wednesday as easing global bond yields and softer oil prices supported risk appetite, while investors awaited key U.S. inflation data for clues on the Federal Reserve’s interest-rate outlook.
Japan led regional gains, with the Nikkei 225 surging 2.2% and the broader TOPIX advancing 1.9%. Chip-related shares provided support, while SoftBank Group jumped about 7%.
Chinese equities also moved higher, with the CSI 300 and Shanghai Composite gaining about 0.5% each. Hong Kong’s Hang Seng rose 0.3% after reversing earlier losses. South Korea’s KOSPI bucked the trend, falling 0.4%.
Australia’s S&P/ASX 200 climbed 1.1%, while Singapore’s Straits Times Index and India’s Nifty 50 slipped about 0.1% each. U.S. stock futures also edged higher during Asian trading following a muted Wall Street session.
Bond markets offered some relief after a recent selloff. The U.S. 30-year Treasury yield eased to around 5.55% after reaching 5.6206% on Tuesday, its highest level since 2002.
Oil prices stabilized following Tuesday’s sharp decline. Brent crude traded near $103 a barrel as recovering Saudi exports and greater use of alternative supply routes eased some concerns surrounding the Middle East conflict and Strait of Hormuz disruptions.
Investors are now focused on the August U.S. PCE price index, the Fed’s preferred inflation measure. The data is expected to show inflation remaining above the central bank’s 2% target and could shape expectations for future interest-rate moves.
Regional economic data also drew attention. Australian inflation accelerated to 4.0% in August from 3.5% in July, although it came in slightly below forecasts. The reading followed the Reserve Bank of Australia’s decision to raise its cash rate to 4.6%, the highest in 15 years.
China’s official manufacturing PMI returned to expansion, while its non-manufacturing gauge strengthened. The private RatingDog manufacturing PMI reached a five-month high.
Meanwhile, Japan’s industrial production fell 1.7% month-on-month in August, missing expectations for an increase and marking a second consecutive monthly contraction.
