Public Markets 3 Hours

Last updated: July 9, 2026, 11:30 PM ET

Asian Markets Mostly Higher Amid Geopolitical Calm

Japanese government bonds edged higher, tracking overnight gains in U.S. Treasurys. The yen strengthened as the government indicated a desire to encourage pension fund investment. In China, the central bank than 6.80 per dollar, signaling comfort with currency appreciation. Gold prices held steady in early Asian trade as markets absorbed rising geopolitical tensions between the U.S. and Iran. Copper track weekly, with traders looking past potential demand headwinds from Middle East conflict.

Emerging Market Currencies Face Pressure

The Indonesian rupiah’s, according to MUFG Bank. Meanwhile, the Reserve Bank of India may face renewed pressure on the rupee as it unwinds bearish dollar bets, with short dollar forward positions ballooning to $106.7 billion in May. Indian IT firms like HCL Technologies and Wipro are facing an uncertain earnings outlook, with investors questioning the value of traditional services amid advancements in artificial intelligence and geopolitical risks from Iran weighing on earnings.

Corporate and Tech Sector Watch

Nigerian industrialist Aliko Dangote has seen his wealth surge by billions of dollars this year, largely due to a significant bet on oil refining surged by billions. In the sportswear sector, Nike and Adidas are vying for dominance, with both companies placing large bets on the upcoming World Cup bet big on the tournament. China’s AI star Zhipu faces continued risk of volatile share swings after a $4 billion equity fundraising that did little to boost its thin pool of tradable shares. JPMorgan Chase and Citigroup bankers will join the Hong Kong stock exchange panel responsible for approving initial public offerings to join panel.