Public Markets 3 Hours

Last updated: July 13, 2026, 11:30 PM ET

Asian Markets Navigate Geopolitical Headwinds and Sector Weakness

The Singapore dollar but faced potential headwinds from rising Middle East tensions. Similarly, the Philippine peso as escalating geopolitical conflict pushed oil prices higher. In South Korea, leveraged bets on chip stocks backfired spectacularly, with a leading ETF tumbling 45%, contributing to a rout in SK Hynix Inc. shares that fell in Seoul following a Wall Street AI memory sell-off. China’s major airlines are also by nearly 50 percentage points this year, with analysts anticipating persistent profit weakness due to lackluster domestic travel demand.

Energy Prices Surge Amidst Mideast Escalation; Gold Dips

Oil prices, with the U.S. launching further strikes on Iran. This development also, adding pressure to currencies like the Philippine peso. Meanwhile, gold and concerns over monetary policy, as global bond yields climbed.

Indian Equities Show Resilience; Chinese Air Quality Concerns Persist

India’s large-cap stocks are eyeing a comeback as global funds increase support, with Jefferies suggesting valuations are becoming more reasonable. Despite this optimism, India’s youngest airline, Akasa Air, is ($110 in equity and debt to navigate rising costs driven by regional conflicts. Separately, the UK-India trade deal, while Dr. Reddy’s Laboratories faces challenges with its weight-loss drug . In China, despite significant progress in air quality since the "airpocalypse," a surge in coal power generation has.

U.S. Government Funding Reversal and Political Discord

The Department of Health in funding for five Democratic states, reversing a pause that had jeopardized programs for low-income households after facing legal setbacks. Meanwhile, tensions emerged among Democratic Socialists over a 2028 presidential endorsement, turning acrimonious during a meeting to decide on backing a candidate, with a proposal to poll members being rejected. The U.S. also resumed fighting, with President Trump announcing shipping fees.

Japanese Bonds Could See Significant Inflows

Societe Generale estimates that Japan’s Government Pension Investment Fund could buy as much as ¥12.3 trillion ($76 of additional government bonds without altering its asset allocation, presenting a significant potential inflow for the JGB market.