Tuesday, October 06, 2026 — Japan 30Y yield hits record high before the 10Y auction, India waits on RBI with Sensex +300/Nifty above 22,600, and Nasdaq's record drags Asia higher despite Treasury yiel

Japan: Nikkei rises with Wall Street, but the JGB 10Y coupon at a 30-year high and 30Y at record is the real story. Suzuki's mini EV bet also shows Japan's battery vulnerability to China. Watch the 10Y auction — if it tails, Nikkei gives back fast. China/HK: Hong Kong's gold bridge completing China's yuan ambition is a slow-burn structural bid. HK becomes the offshore plumbing for Beijing's commodity-currency push. Good signal for China internationalization, less so for short-term HK beta. India: Sensex opened +78, then ran +300; Nifty above 22,600 ahead of RBI. A 25bp repo hike on Oct 7 is the risk — banks and rate-sensitives get hit if it lands. Rupee edged higher as traders wait. Axis Bank Q2 gross advances +23% to ₹13.8 lakh crore, but banks cut CD borrowings by ₹1.3 lakh crore in a month amid RBI liquidity boost. Strong credit demand meets easy funding — until tomorrow's RBI decision tests it. SEBI's Tuhin Kanta Pandey warns on anonymous tips and finfluencers, launches Project Jag

Japan: Nikkei rises with Wall Street, but the JGB 10Y coupon at a 30-year high and 30Y at record is the real story. Suzuki's mini EV bet also shows Japan's battery vulnerability to China. Watch the 10