In Asian Equity Markets indices traded cautiously on Wednesday morning as trade tensions continued to linger between the U.S. and China. Shares in mainland China slipped in early trade, with the Shanghai composite declining 0.5%. The Nikkei 225 in Japan added 0.16% in morning trade as shares of index heavyweights Fast Retailing and Softbank Group. In South Korea, the Kospi fell 0.28% as chip-maker SK Hynix’s stock fell more than 2%. Over in Australia, the ASX 200 declined 0.25%.

In Currency Markets the U.S. dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies. Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen touched on Monday last week. The pound was at $1.2713, hovering near a four-month low of $1.2685 touched overnight.

In Commodities Markets oil prices fell on Tuesday after Saudi Arabia reiterated it would aim to keep the market balanced and try to reduce tensions in the Middle East, while industry data showed a surprise increase in U.S. crude inventories. Brent crude futures were down 37 cents, or 0.5%, at $71.81 at barrel, having risen 21 cents on Tuesday. U.S. West Texas Intermediate (WTI) crude futures for July delivery were down 54 cents, or 0.9%, at $62.59. The June contract, the previous front-month contract which expired on Tuesday, settled at $62.99 a barrel, down 11 cents.

In US Equity Markets technology companies helped push Wall Street forward on Tuesday after the United States temporarily eased curbs on China’s Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. The S&P 500 gained 0.90%, to 2,865.92 and the Nasdaq Composite added 1.15%, to 7,791.24. Kohl’s shares fell 11.1%, the largest decline among S&P 500 companies, after the retailer cut its full-year profit forecast and reported quarterly same-store sales and profit that missed expectations.

In Bond Markets U.S. Treasury yields edged higher on Tuesday, lifted by gains on Wall Street and higher overall risk appetite after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies. U.S. 10-year note yields rose to 2.429% from 2.414% late on Monday, after hitting a one-week high of 2.435%. Yields on U.S. 30-year bonds advanced to 2.843% from 2.835% on Monday. The session high was a one-week high of 2.849%.