Asian equities rose, adding to the regional benchmark’s biggest quarterly gain in almost two decades, as technology stocks rallied on optimism over the AI trade. The yen slid to its weakest level against the dollar since 1986. The MSCI Asia Pacific Index climbed almost 1% on the last trading day of the quarter after a tech-led rally on Wall Street. The gauge has risen more than 20% in the past three months, with South Korea’s Kospi index leading as the world’s best-performing major equity benchmark this year. Samsung Electronics Co. has gained about 98% for the three months through June, while SK Hynix Inc. has surged around 225%. Elsewhere, the yen extended its recent losses to weaken beyond 162 per dollar — a milestone that will generate unease in Japan and put traders on alert for authorities wading into the market. Global equities are on track for their best quarter in almost six years as investors piled into companies seen as key beneficiaries of the artificial intelligence buildout, from Asian chipmakers to upstream suppliers. Investors will now turn their focus to US-Iran talks on Tuesday and June US payrolls data on Thursday that may offer clues on whether the Federal Reserve will keep interest rates higher for longer. The resurgence in stocks has defied skeptics, coming in the face of a war, an oil supply shock and inflation jitters. Since bottoming three months ago, the S&P 500 Index has staged one of the swiftest rebounds this century, gaining 20% from its March 30 low to its June 2 peak — something it has done just three other times since 2000. In Asia, Japan’s Nikkei 225 Stock Average has gained over 37% this quarter — the best three-month performance on record. The Kospi has climbed about 68%, the strongest advance since 1998. However, after a banner year for Chinese stocks on the back of AI advances, 2026 is not going well. Elsewhere, Brent crude slipped ahead of the expected US-Iran talks in Doha. The commodity, trading around $72.85 a barrel, is headed for the biggest quarterly decline since the pandemic as flows through the Strait of Hormuz accelerated following progress on a peace deal, with Morgan Stanley warning of a potential glut. Gold slipped below $4,000 an ounce. The yellow metal has fallen more than 15% this quarter, the worst performance since the quarter ended June 2013. A Bloomberg gauge of the dollar climbed 0.2% Tuesday, while Treasuries were little changed. Attention in Asia was on the yen. While the weaker Japanese currency has boosted exporters’ profits and helped propel the country’s stocks to record highs, it has also raised import costs, squeezed households and added to political pressure on Prime Minister Sanae Takaichi’s government. The currency breached the 161.95 mark versus the greenback in New York trading Monday, passing the nadir it touched in July 2024 during an earlier campaign to shore up the exchange rate. It extended its decline to 162.40 in Tokyo on Tuesday, even after jawboning from Chief Cabinet Secretary Minoru Kihara. Subsequent comments from Finance Minister Satsuki Katayama had little immediate impact. US After Hours AVAV +18.2% sharply higher on earnings; ABVX +23.4% on trial results; CNXC -22.2% under pressure after earnings.
Nikkei +1.53% Hang Seng -1.18% CSI +0.86% Kospi +1.96% Shanghai +0.11% Shenzen +1.62%
Eur$ 1.1398 CNH 6.7958 CNY 6.7921 JPY 162.18 GBP 1.3234 CHF 0.8091 RUB 76.9461 TRY 46.6566 WTI$ 70.41 -0.49% Gold 3,974 -1.26% BTC 59,434 -1.34% ETH 1,585 -2.03%
S&P +0.13% Nasdaq +0.37% EuroStoxx +0.65% FTSE +0.12% Dax +0.69% SMI +0.41%
Macro :
- Hormuz Traffic Picks Up as Supertankers Sail Into Persian Gulf
- Warren Buffett Skips Midyear Donation to Gates Foundation Amid Epstein Review -- WSJ
- Warren Buffett Skips Midyear Donation to Gates Foundation Amid Epstein Review -- WSJ
- Grasshopper Club Zurich Sold by LA Team to Bridge Football
- FDA Selects 7 Companies for PreCheck Pilot Program
- Rocket Lab to Buy Iridium in Challenge to SpaceX, Amazon
- Lagarde Says Europe Is Getting More Resilient to Economic Shocks
- EU and China Agree on October Deadline to Reset Trade Ties
- Millennium to Back Citadel Alum’s Quant Hedge Fund Startup
Keep an eye on :
Keep an eye on :
- ABBV US : Genmab, AbbVie Say Epcoritamab Combo Met Phase 3 Endpoint
- ABVX FP : Abivax Jumps After Reporting Positive Results for Obefazimod +25%
- ALKT US : Jana Builds Bigger Stake in Fintech Alkami and Pushes for Sale
- AMGN US : Amgen Drug Tavneos’ Main Study Retracted by Medical Journal
- AVAV US : AeroVironment Shares Up on 4Q Results, Revenue Outlook Beats
- BX US : Blackstone Said to Offer Digital Realty Shares for Up to $188
- BRNK GY : Branicks to Publish 2025 Financial Statements in July
- BVI FP : Bureau Veritas to Sell Oil, Petrochem Ops at €470M Ent. Value
- CRI FP : Compagnie Chargeurs Invest Buys Harwanne Capital Management
- CNXC US : Concentrix Sinks After FY Outlook Cut, 3Q Forecast Misses
- DBV FP : DBV Technologies Now Plans to File BLA for Viaskin in 3Q 2026
- DLR US : Blackstone Prices 12.3m Digital Realty Shares at $185/Shr
- ELUXB SS : Electrolux Submits Claims for IEEPA Tariffs Refund of ~$88m
- ENGI FP : Engie’s Southeast Asia Head Varun Gujral Leaves the Company
- GMAB DC : Genmab, AbbVie Say Epcoritamab Combo Met Phase 3 Endpoint
- GIMB BB : Gimv Sells Stake in Alpenblu Clinics to Impact Healthcare
- HBAN SW : Helvetia Baloise: FINMA Approves Swiss Insurance Units Merger
- HTZ US : Hertz Shares Sink to All-Time Low on Funding Plan
- Infracore IPO : Infracore Launches IPO on SIX Swiss Exchange at CHF 54.00
- 1801 HK : Innovent, Lilly Sign Verzenios China Commercialization Pact
- INS GY : Instone Refinances and Increases Promissory Note to €45m
- MAERSKB DC : Maersk Boosts FY Underlying Ebitda Forecast, Beats Estimates
- MOWI NO : Mowi To Sell Farming Ops in Canada East; Cuts Harvest Forecast
- MUX GY : Regulator Says Mutares 2023 Financial Statement Contains Error, Mutares Says 2023 Financial Statement Error Has Been Remedied
- NVCT US : Nuvectis Pharma Prices Offering of Stock at $20 Per Share
- ORNBV FH : Orion, Shilpa Medicare in Deal for Nivolumab Biosimilar
- REIN LX : Reinet Investments Buys Back 399,415 Shares for ZAR185.5m
- RNO FP : Renault Group Names Quitterie de Pelleport General Secretary
- RNO FP : Renault Group Names Quitterie de Pelleport General Secretary
- ROP SW : Roche Enspryng Gets FDA Priority Review for Thyroid Eye Disease
- SAN FP : Sanofi's Nexviazyme Met Primary Endpoint in Pompe Disease Study
- SESG FP : Sharp, SES to Partner on Satellite Communications Services
- SPCX US : SpaceX Shares Rise After Being Added to the Russell 1000 Index
- SPCX US : SpaceX, US Discuss Stock Donation for Trump Accounts: Semafor
- STLA IM : Stellantis to Start Selling Chinese-Made Jeep in Europe by 2030
- VK FP : Vallourec Gets Contract From Azule Energy for Angola Project
- VOW GY : VW Management Weighs Board Bypass for Cuts: Correctiv
- WAWI NO : Wallenius Wilhelmsen’s Morning Concert Exits Strait of Hormuz