π° Hourly Briefing | 2026-08-13 11:00 CST
US Dollar Index breaks above 100; Japan 30Y bond yield hits 4.000%; silver falls below $65; China carbon market cumulative volume exceeds 9.3 billion tons; Shanghai issues computing vouchers to support private enterprise; Capital Economics warns Korea semiconductor boom may cool within two years.
π Market Snapshot
| Instrument | Last | Change | % Change |
|---|---|---|---|
| Gold XAUUSD | 4407.28 | -1.14 | -0.03% |
| WTI Crude USOIL | 81.280 | -0.399 | -0.49% |
Gold continues narrow range trading with ~$50 intraday range (4398-4449), direction pending. Crude oil remains weak, briefly breaking below $81.
Other markets: US Dollar Index DXY breaks above 100; silver falls below $65/oz, down 0.49% intraday; Japan 10Y yield rises to 2.855%, 30Y hits 4.000%; A-shares active with brokers, CRO, and MLCC concepts rallying; HK biotech stocks gain.
π₯ Key News This Hour
1. US Dollar Index DXY Breaks Above 100
The dollar index broke above 100, up 0.03% intraday. This marks continued stabilization of the USD recently, pressuring dollar-denominated commodities like gold and crude. Combined with rising JGB yields, Asia-Pacific FX market dynamics warrant attention.
2. Japan 30Y Bond Yield Hits 4.000%
Japan’s 30-year bond yield rose 1bp to 4.000%, with the 10Y climbing to 2.855%. The persistent rise in JGB yields reflects market expectations for BOJ policy normalization, potentially triggering capital flows back to Japan from emerging markets.
3. China Carbon Market Cumulative Volume Exceeds 9.3 Billion Tons
The Ministry of Ecology and Environment announced at the “15th Five-Year Plan” briefing that the national carbon emissions trading market has surpassed 9.3 billion tons in cumulative volume as of end-July. A new air quality improvement action plan is being formulated, with plans for a more precise and efficient modern ecological supervision system.
4. Shanghai Issues Computing Vouchers to Support Private Enterprise
Shanghai released an action plan to promote private investment, introducing “computing vouchers,” “model vouchers,” and “data vouchers” to reduce costs of digital factors including computing power, models, and datasets. The plan also supports private enterprises participating in national-level projects including railways, nuclear power, and hydropower.
5. Capital Economics: Korea Semiconductor Boom May Cool Within Two Years
Capital Economics economist Marcel Thieliant noted that while Korea’s GDP growth faces upside risk in the near term, the semiconductor-driven economic boom could lose momentum within two years. A slowdown in US AI investment growth would be the primary drag factor.
π§ Market Assessment
The dollar index breaking above 100, combined with rising JGB yields, signals marginal tightening of Asia-Pacific liquidity conditions.
Gold trades narrowly above 4400 while silver leads the downside below $65, indicating short-term weakness in precious metals.
Japan’s 30Y yield hitting the 4.000% milestone continues the yield curve steepening trend.
China’s policy support continues β carbon market expansion, computing vouchers for private enterprise, and 15th Five-Year environmental plans provide support to A-share tech and environmental sectors.
Capital Economics’ warning about Korea’s semiconductor boom cooling is noteworthy β if AI investment growth slows, global tech valuations may face repricing.
β° Upcoming Key Data
- Tonight 20:30 β US Initial Jobless Claims (week ending Aug 8)
- Tomorrow β US July PPI data (watch producer-side inflation trends)
- Aug 14 β PBOC overnight reverse repo operation