Bank for International Settlements warned fierce competition in AI risks overinvestment, potentially leading to a sharp economic reversal, according to WSJ

PBoC is expected to set USD/CNY mid-point at 6.8041 (prev. 6.8166)

Australia's ACCC says excise tax cut on fuel to be lowered from AUD 0.32/litre to AUD 0.16/litre from July 1st to August 2nd

Bank for International Settlements warned fierce competition in AI risks overinvestment, potentially leading to a sharp economic reversal, according to WSJ

[MARKET UPDATE] Asia-Pac stocks begin mixed heading closer to month- and quarter-end, while participants reflect on the US-Iran tit-for-tat strikes and reports that the sides have since agreed to halt attacks and will meet for talks this week

Australia's APRA says it is to consult on changes to bank risk weights, while proposals include allowance of lower risk weight for large domestic public infrastructure exposures and others