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The nonpartisan primary remains volatile after the departure of Eric Swalwell. A televised debate featured six leading candidates, but produced few fireworks.
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Investors found some relief after Trump prolonged a ceasefire with Iran, sending U.S. stocks higher and setting up a positive open across Asia.
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Despite an extension of the ceasefire in Iran byTrump, Iran has seized ships in the Strait of Hormuz, raising questions if the truce is on shaky ground.
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Officials say the frozen blocks are being melted due to "dangerous and unsafe activities" after they were set up to promote the singer's album.
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U.S. Treasury yields were little changed on Wednesday after President Donald Trump announced an indefinite extension to the ceasefire with Iran.
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Three vessels came under fire in the Strait of Hormuz, after the U.S. and Iran failed to meet in Pakistan for talks to end the war and as President Trump extended the ceasefire but kept the blockade.
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