In New York markets on the 10th, the yen rose against major currencies, U.S. Treasury yields climbed, and the S&P 500 index extended its gains. The yen strengthened 0.44% to 161.67 per dollar after Finance Minister and Financial Services Minister Satsuki Katayama indicated she would encourage pension funds, including the Government Pension Investment Fund, to increase investment in domestic financial assets. The yen also rose about 0.5% against the euro and the British pound. U.S. Treasury yields advanced on concerns that higher oil prices, driven by renewed tensions between the U.S. and Iran, would add to inflationary pressures. The 10-year yield rose 3 basis points to 4.569%. The S&P 500 ended 0.42% higher at 7,575.39, as the Nasdaq listing of South Korea's SK Hynix fueled optimism about memory semiconductors, and President Trump's statement on continuing talks with Iran also lifted the market. Gold futures fell on inflation worries and expectations of monetary tightening amid the worsening Middle East situation, while U.S. crude oil futures declined on hopes for the resumption of shipments through the Strait of Hormuz.
SK Hynix IncNasdaq listing of SK Hynix fuels optimism about memory semiconductors.