Only 6% of rated companies in Asia-Pacific have an overall high exposure to US tariff-related risks, the lowest globally, reflecting the region’s resilience amid trade and market upheavals, according to Moody’s Investors Service (Moody’s Ratings).
The US trade deficit narrowed in June on a sharp drop in consumer goods imports, and the trade gap with China shrank to its lowest in more than 21 years, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.
Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after US President Donald Trump's threats of tariffs on India over its Russian crude purchases.
Vietnam’s exports jumped more than expected in July, with buyers racing to avoid a 20% tariff on the country’s exports to the US, set to take effect on Aug 7.
Malaysia’s services producer price index (SPPI) recorded a year-on-year increase of 1.0% in the second quarter, up from the 0.6% increase registered in the previous quarter, according to the SPPI report released on Wednesday by the Department of Statistics Malaysia (DOSM).
South Korea’s presidential policy chief said the country’s US$350 billion (RM1.48 trillion) investment pledge as part of the US trade deal is largely structured as loan guarantees rather than direct capital injections, seeking to ease domestic concerns over the scale and risks of the agreement.