Japan's 10-year government bond yield has climbed to its highest level in 29 years, driven by a convergence of rising oil prices and renewed inflation pressure tied to the breakdown of US-Iran nuclear talks. The collapse of negotiations has pushed energy markets higher, with the US Navy's planned blockade of the Strait of Hormuz amplifying supply disruption fears across Asian economies heavily dependent on Gulf crude imports. For Japan, which imports the vast majority of its energy needs, sustained oil price increases translate directly into imported inflation, complicating the Bank of Japan's already delicate policy calculus. Bond markets are now pricing in a higher probability that the BoJ moves on interest rates this month, with yield moves reflecting investor anticipation rather than confirmed guidance. Any rate signal from the BoJ would reprice Japanese government bonds across the curve, affect yen carry trade dynamics, and ripple into global fixed income positioning. The Strait of Hormuz situation remains the primary variable to monitor.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
