Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Oil prices declined on Wednesday after Russia agreed to U.S. President Donald Trump’s proposal to halt attacks on Ukraine’s energy infrastructure, raising prospects of increased Russian oil supply.
Brent crude futures dropped 12 cents to $70.44 a barrel, while U.S. West Texas Intermediate (WTI) fell 15 cents to $66.75. Russian President Vladimir Putin agreed to pause strikes on Ukrainian facilities but stopped short of a full ceasefire. Analysts suggest this could lead to a potential easing of sanctions, boosting global oil supply and lowering prices.
Additional pressure on oil markets came from growing recession fears linked to U.S. tariffs on Canada, Mexico, and China. However, ongoing geopolitical tensions in the Middle East limited further declines. Trump pledged to hold Iran accountable for Houthi attacks in the Red Sea, while Israel’s airstrikes in Gaza, which killed at least 200 people, raised concerns over regional oil supply disruptions.
Meanwhile, U.S. crude oil inventory data provided mixed signals. The American Petroleum Institute reported a 4.59-million-barrel increase in crude stocks for the week ending March 14, while gasoline and distillate inventories fell by 1.71 million and 2.15 million barrels, respectively. Official government data is expected later Wednesday.
With uncertainty in both supply and demand factors, oil markets remain volatile, balancing potential Russian output increases against Middle Eastern instability.
