Global FX DATA:

• • • ASIAN MARKET
      
      Asian stocks rose across the board and long-term U.S. Treasury yields hovered near four-month highs on Wednesday with investors looking past the latest escalation in the U.S.-China trade feud, seen by some market participants as less severe than expected.

    • GOLD
      
      Gold prices rose on Wednesday along with equities as the U.S. dollar softened, with markets showing little worry over the latest escalation in the U.S.-China trade war.
       
  • • OIL
      
      Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in U.S. crude stockpiles.
       
    • YEN
      
      The Japanese yen stood near-two-month lows as financial markets took fresh U.S. tariffs on Chinese goods in their stride and as U.S. bond yields shot up to four-month highs on fears of higher inflation.
       
    • CRYPTOCURRENCY
      
      Bitcoin and other major cryptocurrency prices gained on Wednesday despite reports that the People’s Bank of China issued a new warning regarding investments in crypto and initial coin offerings.
         
    • INDIA
      
      India’s steel ministry has proposed increasing the effective import duty on some steel products to 15 percent from current rates ranging from 5 percent to 12.5 percent, as the country looks to support the rupee.
       
    • DENMARK
      
      Danske Bank will lift the lid on how billions of euros from Russia and ex-Soviet states flowed through its accounts in Estonia, the latest scandal to highlight Europe’s inability to tackle alleged money-laundering.

    • US
       

      U.S. President Donald Trump welcomed developments at an inter-Korean summit in the North Korean capital of Pyongyang as “very exciting”.

    • CHINA
       

      Hillhouse Capital, an investor in top Chinese technology firms including Tencent and Baidu, has closed its latest funding round at $10.6 billion, making it the region’s biggest private equity capital raising.

    • KOREA
      
      North Korea agreed to “permanently” abolish its key missile facilities in the presence of foreign experts, and it is willing to close its main nuclear complex if the United States takes unspecified “reciprocal action”.

    • NORWAY
      
      When the owners of Norwegian oil firm Aker BP decided to digitize its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.

    • UAE
      
      Gulftainer, the UAE-based port operator, said it won a 50-year concession to operate and develop the Wilmington port in Delaware, USA, with a $600 million investment.
       

    • JAPAN
      
      
      Japan’s exports rose in August and its central bank kept its view the economy was expanding modestly, but policy makers and analysts warned of risks to the outlook from a U.S.-led trade war that some fear could chill global investment and growth.