The Malaysian Automotive Association (MAA) has revealed vehicle sales data for the month of July 2023, which saw a total of 63,676 units delivered to customers. This represents an increase of around 1.7% from the 62,593 units sold in June 2023.
The All India Rubber Industry Association expects 5% higher production of natural rubber in 2023-24, from 8 lakh metric tonne in the previous fiscal.
The dollar was set for a fifth winning week versus major peers, making it longest winning streak for 15 months, buoyed by expectations U.S. interest rates will stay high for longer, and by a shift to safer assets due to worries over China's economy.
Most Asian stocks kept to a tight range on Friday amid persistent fears of rising U.S. interest rates, although signals of more Chinese stimulus measures helped local shares mark some gains.
Oil prices rose in Asian trade on Friday, but were set to snap a seven-week winning streak as fears of a Chinese economic slowdown and rising U.S. interest rates clouded the outlook for demand.
Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters.