In Asian Equity Markets stocks advanced on Tuesday as investors kept an eye on bond yields and the falling Chinese yuan. Japan’s Nikkei 225 advanced 0.48 percent. Insurers led the climb on Tuesday, rising 1.45 percent, as most sectors recorded gains, although index heavyweight Fast Retailing slipped 0.5 percent. Greater China markets also tracked higher. Hong Kong’s Hang Seng Index rose 0.94 percent in morning trade as sharp gains in the property and construction sector, industrials and materials lifted the index.

In Currency Markets the dollar weakened slightly in early trade on Tuesday, as Japanese exporters bought the yen, offsetting earlier greenback gains made after U.S. Treasury yields rose on expectations the Federal Reserve would persist with its rate hikes this year. The yen was up 0.1 percent, last changing hands at 111.17 yen per dollar. It had weakened to 111.515 per dollar before giving up those losses. The offshore yuan touched as low as 6.8448 per dollar, hitting its lowest level since trading at 6.8582 per dollar on June 27, 2017, before recouping some losses.

In Commodities Markets oil prices extended declines into a second session on Tuesday as attention shifted to the risk of oversupply, with market participants shrugging off escalating tensions between the United States and Iran. Brent crude oil was down 0.3 percent, at $72.87 a barrel, after settling down 1 cent on Monday. U.S. crude was down0.3 percent, at $67.68 a barrel. The contract fell 37 cents the previous day. Earlier in Monday’s session, the market had risen after President Donald Trump warned of dire consequences for Iran if it threatened the United States.

In US Equity Markets the benchmark U.S. S&P 500 index and the Nasdaq index rose on Monday as a jump in 10-year bond yields boosted financial sector stocks and investors anticipated continued strength in corporate earnings and U.S. economic growth. The S&P 500 gained 0.18 percent, to 2,806.98 and the Nasdaq Composite added 0.28 percent, to 7,841.87. Amazon.com Inc fell 0.6 percent and was the biggest drag on the Nasdaq and the S&P 500 after Trump renewed his attacks on the retailer.

In Bond Markets benchmark 10-year U.S. Treasury yields rose to their highest in five weeks on Monday as the Federal Reserve was seen as likely to continue raising interest rates despite criticism from President Donald Trump. A White House official told CNBC on Friday that Trump is concerned the U.S. central bank will raise rates two more times this year. Benchmark 10-year Treasury notes fell 18/32 in price to yield 2.960 percent, the highest since June 14 and up from 2.893 percent on Friday.