{"id":66742,"date":"2026-08-19T00:08:15","date_gmt":"2026-08-19T04:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs\/66742\/"},"modified":"2026-08-19T00:08:15","modified_gmt":"2026-08-19T04:08:15","slug":"global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs\/66742\/","title":{"rendered":"Global Markets Retreat on Rising Bond Yields and Iran War Stalemate; Trump Pauses Canada Tariffs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs\/66742\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs\/66742\/#North_American_Trade_Trump_Grants_Canada_11th-Hour_Reprieve\" >North American Trade: Trump Grants Canada 11th-Hour Reprieve<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs\/66742\/#Monetary_Policy_RBA_Warns_of_Hikes_Amid_Inflationary_Pressures\" >Monetary Policy: RBA Warns of Hikes Amid Inflationary Pressures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs\/66742\/#Asian_Markets_Tech_Stocks_Slump_as_Bond_Yields_Surge\" >Asian Markets: Tech Stocks Slump as Bond Yields Surge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs\/66742\/#Emerging_Markets_Philippine_Peso_Hits_Historic_Low\" >Emerging Markets: Philippine Peso Hits Historic Low<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-on-rising-bond-yields-and-iran-war-stalemate-trump-pauses-canada-tariffs\/66742\/#Corporate_Regional_Developments\" >Corporate &amp; Regional Developments<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>U.S. President Donald Trump paused 50% tariffs on Canadian goods<\/strong> for three days just hours before a midnight deadline, citing a potential trade deal and hinting at the revival of the <strong>Keystone XL Pipeline<\/strong>.<\/li>\n<li><strong>Global bond yields hit multi-decade highs<\/strong>, with the <strong>U.S. 30-year Treasury yield<\/strong> reaching its highest level since 2007, pressuring global equity markets and tech stocks.<\/li>\n<li><strong>The Philippine Peso (PHP)<\/strong> plunged to a record low of <strong>61.952 per U.S. Dollar<\/strong> as surging <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> and regional instability weighed on emerging market currencies.<\/li>\n<li><strong>RBA Deputy Governor Andrew Hauser<\/strong> warned that Australian interest rates may need to rise further if inflation risks &quot;crystallize,&quot; specifically citing energy costs and domestic demand.<\/li>\n<li><strong>PAG<\/strong> is reportedly seeking <strong>$5 billion<\/strong> for a new private equity fund as it pivots its investment strategy away from China toward broader Asian markets.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"North_American_Trade_Trump_Grants_Canada_11th-Hour_Reprieve\"><\/span>North American Trade: Trump Grants Canada 11th-Hour Reprieve<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. President <strong>Donald Trump<\/strong> announced via social media late Tuesday that he has suspended the implementation of <strong>50% tariffs<\/strong> on Canadian imports for a period of three days. The decision came less than two hours before the midnight deadline, with Trump stating that a deal is &quot;subject to the finalization of documents.&quot; The proposed levies would have targeted approximately <strong>$20 billion<\/strong> to <strong>$28 billion<\/strong> in Canadian goods, including wine, honey, and hockey equipment.<\/p>\n<p>In a move that could reshape North American energy policy, Trump also suggested the <strong>Keystone XL Pipeline<\/strong> project &quot;may be awoken from the grave.&quot; Canadian Prime Minister <strong>Mark Carney<\/strong> acknowledged &quot;substantial progress&quot; in negotiations but cautioned that &quot;important work&quot; remains to be done before a final agreement is signed. The pause provides a narrow window for negotiators to resolve outstanding issues related to border security and trade retaliations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Monetary_Policy_RBA_Warns_of_Hikes_Amid_Inflationary_Pressures\"><\/span>Monetary Policy: RBA Warns of Hikes Amid Inflationary Pressures<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Reserve Bank of Australia (RBA)<\/strong> Deputy Governor <strong>Andrew Hauser<\/strong> delivered a hawkish message on Wednesday, stating that the central bank will not hesitate to raise interest rates again if inflation does not trend toward the 2-3% target. Hauser noted that while a recession is not currently forecast, the &quot;upside risks to inflation&quot; remain a primary concern for the Board.<\/p>\n<p>The warning comes as <strong>Australian headline inflation<\/strong> remains sticky at <strong>3.8%<\/strong>, exacerbated by high energy costs linked to the ongoing <strong>Iran war<\/strong>. Market participants are now reassessing the timeline for any potential rate cuts, as the RBA emphasizes that its current restrictive stance is necessary to cool domestic demand.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Asian_Markets_Tech_Stocks_Slump_as_Bond_Yields_Surge\"><\/span>Asian Markets: Tech Stocks Slump as Bond Yields Surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hong Kong and mainland Chinese stocks declined on Wednesday as <strong>U.S. Treasury yields<\/strong> continued their upward march. The <strong>Hang Seng Index<\/strong> fell 0.5% to <strong>25,323.70<\/strong>, while the <strong>Hang Seng Tech Index<\/strong> dropped 1.4%. Investors are increasingly concerned that higher borrowing costs will erode the valuations of high-growth technology companies, particularly those in the AI and semiconductor sectors.<\/p>\n<p>The sell-off was mirrored across the region, with Japan\u2019s <strong>Nikkei 225<\/strong> and South Korea\u2019s <strong>Kospi<\/strong> also ending the session lower. Sentiment was further dampened by a stalemate in the <strong>Iran-U.S. conflict<\/strong>, which has kept <strong>Brent crude<\/strong> prices elevated near <strong>$91 per barrel<\/strong>. South Korean officials also expressed concern that recent U.S. pressure to scale back joint military drills is a tactic to force Seoul&#39;s participation in the Middle East conflict.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Emerging_Markets_Philippine_Peso_Hits_Historic_Low\"><\/span>Emerging Markets: Philippine Peso Hits Historic Low<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Philippine Peso<\/strong> fell to an all-time record low of <strong>61.952<\/strong> against the U.S. Dollar during Wednesday&#39;s trading session. The currency has been battered by the rising cost of oil imports and a strengthening greenback. Analysts at <strong>Sumitomo Mitsui Banking Corp.<\/strong> warned that the peso could soon test the <strong>62.00<\/strong> level if geopolitical tensions in the Middle East continue to escalate.<\/p>\n<p>In contrast, the <strong>South Korean Won<\/strong> saw a brief respite, strengthening nearly 1% to <strong>1,398.90<\/strong> per dollar. However, analysts remain cautious about the long-term outlook for Asian currencies as the <strong>Bank of Japan (BoJ)<\/strong> faces increasing pressure to hike rates to defend the Yen, which continues to trade near the critical <strong>160<\/strong> intervention level.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Regional_Developments\"><\/span>Corporate &amp; Regional Developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>PAG Investment Management<\/strong>: The firm is targeting <strong>$5 billion<\/strong> for its latest fund, focusing on diversified Asian assets to accelerate returns for investors looking for alternatives to Chinese equities.<\/li>\n<li><strong>New Zealand Climate Law<\/strong>: The New Zealand parliament passed a controversial law blocking climate-related lawsuits against companies, a move intended to provide &quot;legal certainty&quot; for major emitters like <strong>Fonterra<\/strong> (<a href=\"\/stock\/FCG\">FCG<\/a>).<\/li>\n<li><strong>South China Sea<\/strong>: Reports indicate the <strong>Chinese Coast Guard<\/strong> is proposing the conversion of several South China Sea islands into &quot;robotic fortresses,&quot; potentially escalating maritime tensions with neighboring nations.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. President Donald Trump paused 50% tariffs on Canadian goods for three days just hours before a midnight [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[3872,6052,9130,12252,12742,14596,21791,21792],"class_list":["post-66742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-rba","tag-us-treasuries","tag-hang-seng-index","tag-canada-trade","tag-pag","tag-php","tag-keystone-xl","tag-philippine-peso-php"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=66742"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=66742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=66742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=66742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}