Indonesian Imports YoY (Dec) Y/Y 10.81% vs. Exp. -0.7% (Prev. 0.46%)
The Indonesian imports data shows a significant jump of 10.81% year-on-year, far exceeding the expectation of a 0.7% decline.
Indian HSBC Manufacturing PMI Flash (Jan) 55.4 vs. Exp. 56.8 (Prev. 55)
Singaporean Business Confidence (Q4) 11.00 (Prev. 8.00, Rev. From 8)
Indonesian Imports YoY (Dec) Y/Y 10.81% vs. Exp. -0.7% (Prev. 0.46%)
[MARKET UPDATE] Risk assets extend on their declines with US equity futures at fresh session lows, while South Korea leads Asia lower with the KOSPI down 5%, while metal prices continues to slump with spot silver down 10%
PRE-MARKET INDIAN STOCKS NEWS: Indian benchmarks were pressured in a rare-budget session on Sunday following the announcement to raise the Securities Transaction Tax on futures and options trading
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This unexpected surge suggests robust demand and may indicate strengthening domestic economic activity, which could impact currency dynamics and trade balances, particularly for the IDR against major currencies.
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