Xi Hosts Putin, Pushes for Iran Ceasefire

In a significant geopolitical event, Chinese President Xi hosted Russian President Putin in Beijing, emphasizing the need for a ceasefire in the Middle East. Meanwhile, global markets grappled with inflation fears, with stocks experiencing their longest losing streak in over two months. The bond selloff pushed long-end Treasury yields to their highest since 2007. In corporate news, Samsung workers planned a strike due to failed wage negotiations, potentially disrupting global tech supply chains.