Wednesday, September 02, 2026 — US strikes Iranian targets, Japan benchmark JGB hits 3% first time in 30 years, India GDP surprises at 7.8%. Risk-off rates shock meets oil spike.

US military carries out new strikes on Iranian targets as hostilities flare, while South Korea-US-Japan joint drills go ahead despite North Korea warning. Two conflict fronts mean energy and defense bids in Asia. Japan benchmark yield at 3% is the big one—30-year high resets global carry funding costs. US Treasury yields rising, Bessent met Ueda and pushed sound policy to avoid currency volatility; Washington is watching yen. India GDP at 7.8% is a strong surprise, but Indian 10-year bond yield tops 7% on global debt rout and oil rally. ICICI Bank closes in on HDFC Bank for Nifty top spot as rate-cut hopes fade. SHEIN shares slip after lacklustre Hong Kong debut—bad signal for HK IPO revival and China consumer pricing. Joshua Wong guilty plea keeps HK national security risk premium in place. 'Red-hot' data center boom fuels public backlash across Asia. Not sure people appreciate how fast power constraints and NIMBY pushback will slow capacity; watch Singapore/Korea data center REITs an

US military carries out new strikes on Iranian targets as hostilities flare, while South Korea-US-Japan joint drills go ahead despite North Korea warning. Two conflict fronts mean energy and defense b