At least two loud explosions heard in the city of Taif in Saudi Arabia, according to ISNA

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US Department of Justice probes NVIDIA's (NVDA) licensing deal with AI startup Groq, according to NYT

US Treasury Secretary Bessent touts tax cuts, increased jobs, trade rebalance and Trump accounts in speech at RNC Midterm Convention

At least two loud explosions heard in the city of Taif in Saudi Arabia, according to ISNA

PBoC is expected to set USD/CNY mid-point at 6.7074 (prev. 6.7769)

[MARKET UPDATE] Asia-Pac stocks begin mostly lower following the declines stateside where all major indices declined as yields and oil prices climbed, while nearly every sector was in the red aside from energy after Brent crude topped USD 100/bbl

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