Oil Prices Retreat as Markets Await Tougher Iran Sanctions 
Canada Announces Dollar-for-Dollar Retaliation Against 50% U.S. Tariffs 
Trump Vows Tougher Iran Sanctions as US Weighs New Economic Pressure 
Asian Stocks Slide as Samsung, Alibaba Lead Tech Selloff 
China EV Stocks Slide as Door Handle Recall Hits 4.3 Million Vehicles 
RBA Debated Rate Hike as Inflation Risks Persist 
China opens new Arctic trade route – but obstacles will prevent its wider use 
Merz Pushes Faster Reforms to Revive German Economy 
Europe EV Sales Surge as High Fuel Prices Drive Demand 
Indian Sugar Stocks Surge on Tight Supply, Festive Demand 
Dollar Near Multi-Month Lows as Treasury Buybacks Rattle Markets 
Asian Currencies Steady as Dollar Hovers Near Multi-Month Lows 
Gold Prices Hit Three-Month High as Dollar Weakens 
Unitree Shares Plunge 45% After Blockbuster IPO, Raising China Tech Bubble Fears 
Peru Economy Grows 2.6% in Q2 as Private Investment Surges 
Dollar Hovers Near Multi-Month Lows as Treasury Buybacks Rattle Markets 
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Asian stocks mostly fell Tuesday as technology shares came under renewed pressure, while geopolitical uncertainty and upcoming U.S. economic data encouraged investors to reduce risk.
The MSCI AC Asia Pacific index dropped about 0.5%. U.S. stock futures were firmer during Asian trading, with Nasdaq 100 futures rising 0.3% and S&P 500 futures gaining 0.1% after Wall Street closed lower Monday.
Technology stocks remained in focus ahead of Nvidia’s earnings on Wednesday. The AI chip giant is expected to report quarterly revenue of roughly $92 billion, making its results a major test of whether strong artificial intelligence spending can justify elevated market expectations.
Geopolitical concerns also weighed on sentiment after the Trump administration threatened broader secondary sanctions against countries doing business with Iran as part of its “economic D-Day” campaign. Brent crude pulled back to around $92 a barrel.
South Korea’s KOSPI fell 1.3%, with SK Hynix down 3.5% and Samsung Electronics losing 1.8%. Samsung remained under pressure after its recently announced shareholder-return plan disappointed investors.
Japanese markets performed better. The Nikkei gained 0.2% and the TOPIX rose 0.3%, although semiconductor-related shares were mixed. Kioxia advanced 0.7% and Sony added 0.4%, while TDK and Murata Manufacturing edged lower.
Australia’s S&P/ASX 200 climbed 0.6%, supported by corporate earnings. Coles gained about 2.3% following stronger-than-expected FY2026 results. Woodside Energy fell 1% despite reporting a 7% increase in first-half profit after abandoning its $5 billion clean-energy investment target. Ampol added 0.8% following Monday’s earnings-driven rally.
Elsewhere, India’s Nifty 50 declined 0.3%, while Singapore’s Straits Times gained 0.3%. China’s CSI 300 dropped 0.5%, the Shanghai Composite slipped 0.14%, and Hong Kong’s Hang Seng lost 0.3%.
Investors are now awaiting Wednesday’s U.S. PCE inflation report, the Federal Reserve’s preferred inflation gauge. Markets currently anticipate one 25-basis-point Fed rate hike by the end of 2026.
