There’s a battle underway to win the energy export market between the world’s two largest economies: The US wants the world to buy its fossil fuels, while China wants to sell the world its clean energy technologies.
Malaysia was among three Asian markets to record net foreign inflows last week, posting RM577.1 million and reversing the previous week’s outflow.
Türkiye's automobile and light commercial vehicle sales rose 9.15% to 927,647 units in the January-September period compared to the same period last year, with September marking record-breaking sales figures, according to data from the Automotive Distributors and Mobility Association (ODMD).
Japan's service sector activity extended solid gains in September, buoyed by strong domestic demand and in sharp contrast to shrinking factory activity, a private-sector survey reported on Friday.
Asian stocks were a mixed bag on Friday amid regional market holidays and a pullback in technology shares, while Japanese markets rallied to near record highs before a key ruling party vote that will decide the country’s next Prime Minister.
Oil prices rose in Asian trade on Friday after hitting over four-month lows, but remained on track for a steep weekly loss due to oversupply worries sparked by reports that OPEC+ would raise output again next month.