The negative yield spread between the 10-year U.S. and Chinese government bonds has exceeded 270 basis points, the largest since May 2002, and the Federal Reserve has signaled that the pace of interest rate cuts will slow, resulting in a significant rise in U.S. bond yields.

The 2-year Japanese government bond yield rose by 3.5 basis points to 0.62%.

Blackstone Group: will acquire the Ritz-Carlton Hotel Okinawa, Kise Beach Palace, and Nest Hotel Osaka. Through these investments, there will be a hotel investment portfolio of $1.3 billion in Japan.