Yields on government bonds rose in Australia, Japan and Southeast Asia while Treasuries held their sharp move from the previous session as investors reassessed the risks from inflation. Equities fell.
Australia’s monthly trade surplus narrowed more than expected in April — while still remaining healthy — as exports of iron ore and other metals declined and imports advanced.
South Korea’s authorities flagged the need to combat wash trading in its foreign-exchange market, as the country pushes extensive trading reforms to lure more offshore investors and get on global indexes.
The US solar market is on track to more than double over the next five years as the landmark Inflation Reduction Act boosts domestic manufacturing.
China will continue to open up its $60 trillion financial market to foreign banks and investment firms, while sticking to the bottom line of preventing systemic risks, the nation’s new top regulator said.
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