Market Briefing: September 28, 2026
### Market Briefing: September 28, 2026
- **Global Overview:** Asian stocks slipped as crude oil climbed on the unresolved US-Iran standoff in the Strait of Hormuz, while Treasury yields at multi-decade highs pressured bonds, though Bitcoin pushed higher on strong ETF inflows in a notable divergence from the broader risk-off tone.
- **Asia Pacific:** South Korean equities climbed on surging September semiconductor exports and a sharply wider trade surplus, whereas Indian assets declined as the rupee weakened further under oil-driven pressure despite continued central bank intervention, and Japanese stocks edged higher as ministers reinforced the end of reflationary policy amid US concern over yen weakness.
- **Europe:** UK assets dropped after a fresh hawkish Bank of England signal from Governor Bailey, while French equities fell on the central bank governor's warning that a budget is needed before year-end to avoid a financing squeeze, and Belgian bonds came under pressure following S&P's downgrade to AA- on difficult fiscal consolidation.
- **North America:** US markets are anchored to geopolitics and rising yields, with oil majors like Exxon Mobil rising alongside the broader crude complex as Saudi September exports rebounded toward pre-disruption levels, whereas Canadian equities were tugged lower by the global bond selloff and a widening gap between US and Canadian rate expectations ahead of the Bank of Canada meeting.
- **Asset Classes:** Crude oil and related instruments climbed on the Saudi export rebound and Hormuz tensions, while gold dropped sharply on US rate-hike bets, creating a tension where firm energy and elevated yields coexist with lively speculative appetite in crypto ETF inflows.
Sources
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