In Asian Equity Markets stocks declined on Wednesday, with China markets failing to sustain late gains notched in the last session as trade jitters continued to simmer ahead of a deadline when tariffs are due to take effect. In Japan, the Nikkei 225 declined 0.4 percent, with the electric appliances sector among the worst performing in the afternoon. South Korean stocks failed to hold onto early gains, with the Kospi slipping 0.38 percent, while in Australia, the S&P/ASX 200 edged down by 0.57 percent amid broad-based weakness.

In Currency Markets major currencies marked time on Wednesday while the Chinese yuan recovered from 11-month lows, after efforts by authorities the previous day to calm financial markets which had been rattled by worries about trade wars. The onshore yuan opened at 6.6365 per dollar, after hitting 11 month low of 6.7294 on Tuesday. Ahead of the U.S. Independence Day holiday on Wednesday, the dollar was down 0.14 percent against a basket of six major currencies at 94.440, after notching up three consecutive months of gains.

In Commodities Markets oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United States. Prices were also pushed up by looming U.S. sanctions against Iran, which threaten to cut supplies to an already tight market despite pledges by producer cartel OPEC to raise output to make up for the disruptions. U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.6 percent, to $74.60 a barrel, compared with their last settlement.

In US Equity Markets stocks fell on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session ending early ahead of the U.S. July 4 holiday. Facebook declined 2.35 percent after the Washington Post reported a federal probe on the data breach linked to Cambridge Analytica was broadened and will include more government agencies. The S&P 500 lost 0.49 percent to 2,713.22. The Nasdaq Composite dropped 0.86 percent to 7,502.67. Tesla fell 7.2 percent, on questions over whether it could sustain the pace of making its Model 3 sedans.

In Bond Markets Japanese government bond prices were mostly firmer on Wednesday, supported by risk aversion in the broader financial markets and the Bank of Japan’s regular debt-buying operation. September 10-year JGB futures gained 0.03 point to 150.95. The 30-year JGB yield declined half a basis point to 0.840 percent and the 40-year yield was also half a basis point lower, at 0.840 percent.