The Bank of Japan’s Tankan survey showed sentiment among large nonmanufacturing firms rose to its highest level since 1991. Inflation expectations continued to strengthen even as companies faced ongoing cost pressures, according to Jin10. The survey also indicated corporate willingness to invest remained steady. Markets have increasingly priced in a faster pace of policy normalization by the central bank.

Indonesia has formally implemented its B50 palm-based biodiesel blending mandate, requiring diesel to contain 50% palm oil. Malaysian palm oil futures have fallen for a second consecutive session. The edible oils market is being pulled in opposite directions, with El Nino-linked supply risks offset by expectations for higher output and rising inventories, according to Jin10.

Shares of Chinese solar inverter maker Sungrow fell 20% on Wednesday after a report said a US regulator is drafting an import ban citing national security concerns, according to Bloomberg. The move would directly hit the company’s US business, even after it reduced reliance on the market in recent years. The report described the action as a sudden, legally binding trade-policy measure rather than a routine review or market rumor.

Iran said the rules governing passage through the Strait of Hormuz have been revised, replacing a proposed “transit fee” with an “environmental service fee” under a new postwar legal framework. Ship traffic through the waterway rose to 51 transits on June 30, recovering from weekend lows, according to Jin10. The announcement did not specify the fee amount or an implementation timetable. Iran’s statement frames the change as a unilateral regulatory measure rather than a physical blockade or a military escalation, though it may add to geopolitical risk premia that could affect shipping costs and timing expectations for Middle East crude.

The South Korean won briefly slid to 1,559.10 per dollar, nearing its weakest level since the 2009 financial crisis. Over the same period, foreign investors have been net sellers of KOSPI constituent shares for eight consecutive trading days. The moves highlight accelerating capital outflows and growing depreciation pressure, weighing directly on won-denominated assets and the KOSPI.

South Korea’s Fair Trade Commission (KFTC) alleges Google used its “Project Hug” program to offer exclusive financial incentives to game developers, requiring them to launch only on Google Play and potentially abusing a dominant market position. The KFTC said the conduct involved 14.16 trillion won ($9.1 billion) in affected revenue. If the allegations are upheld, penalties could be as high as 6% of that amount, or about $5.5 billion. Google has eight weeks to respond before the KFTC issues a final decision.

On July 1, COMEX gold fell 1.13% to $3,993 per ounce, marking a seven-month low, while silver dropped 2.93% to $57.735 per ounce. The market was pressured as the probability of a Federal Reserve rate hike in September rose to 67%, alongside stalled US-Iran talks that reinforced expectations of tighter policy. Investors are awaiting the ADP employment report later in the day and Thursday’s nonfarm payrolls data to better gauge the path of interest rates.

The Reserve Bank of India is considering tighter oversight of funding used by proprietary trading firms, which could restrict capital for cash-futures arbitrage, index arbitrage and options market-making. The move is not yet a policy, but market participants see it as a clear signal of a regulatory shift. It could squeeze returns for these strategies and affect liquidity and pricing efficiency in India’s equity index derivatives market.