Monday, June 22, 2026 — U.S. to deploy midrange missiles to Japan for joint drills; China slashes US Treasury holdings to 18-year low; EV makers BYD and Xpeng push upmarket risking a glut.

Geopolitics ratchets up: U.S. sending powerful midrange missile system to Japan for joint exercises. Separately, U.S.-Iran high-level talks wrap in Switzerland. Two-front uncertainty tightening risk premia across Northeast Asia. Tech/AI: Taiwanese brothers behind display-chip boom amass $1B fortune, highlighting Asia’s semiconductor chokehold. Meanwhile, cancer-on-a-chip pioneer Chen Weiqiang returns to China from NYU — talent repatriation accelerating. Macro & bonds: China trims US Treasury pile to 18-year low amid geopolitical fog. BOJ drops May current account balances, securities financing data. Woori chief pitches growth in Japan, Taiwan. Retail sales data from Jan–Apr in focus for China demand pulse. China/HK: BYD ($BYDDF) and Xpeng ($XPEV) move SUVs upmarket, but glut risk looms. NDRC vice chairman meets Indonesia’s coordinating ministry — Belt & Road infrastructure push alive. Anti-dumping probe on nickel-added steel coil signals more trade friction. Investor takeaway: US m

Geopolitics ratchets up: U.S. sending powerful midrange missile system to Japan for joint exercises. Separately, U.S.-Iran high-level talks wrap in Switzerland. Two-front uncertainty tightening risk premia across Northeast Asia.