Kevin Buckland

Japan's benchmark 10-year bond yield hit 3% on Tuesday for the ​first time since September 1996, pushed higher by investor concerns about inflation, fiscal health and mounting pressure on the central bank to ‌raise interest rates faster.

Japan's benchmark 10-year government bond yield climbed to a three-decade high on Tuesday as a stalemate in ​the Middle East conflict stoked inflation worries and reinforced speculation about ‌a near-term Bank of Japan interest-rate increase.

Chinese regulators have issued guidance to some banks barring them from conducting bill re-discount ​operations at rates below 0.5%, sources said on ‌Tuesday, as regulators move to rein in aggressive bill buying amid weak loan demand.

Chinese memory chipmaker ChangXin Memory Technologies has signed a long-term supply agreement with Tencent Holdings worth ​more than 20 billion yuan ahead of its blockbuster stock market debut, according to three people with knowledge of the matter.

China is expected to keep benchmark lending rates unchanged for a 13th consecutive month in June, a Reuters survey showed, as a ​K-shaped divergence in the broad economy persists.

The Japanese city of Utsunomiya has suspended all 94 of the primary and middle schools ​that it operates on Monday after its ‌first-ever bear sighting, a municipal official said.

Japan's Nikkei share average topped 67,000 for the first time on Monday, powered by AI-related stocks, as startup investor SoftBank Group ​overtook Toyota Motor to become the country's most valuable company.

Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over ​the past month to support the yen, but ‌with only limited effect as the currency hovers near the same levels that prompted Tokyo to act.

AI exuberance and robust earnings will continue to ​power Japan's Nikkei to record highs, even as its blistering rally makes it hard for forecasters to keep ‌up, analysts said in a Reuters poll.

A look at the day ahead in European and global markets from Kevin Buckland