Malaysia's central bank says recent movements of MYR and regional currencies continue to be driven by global developments, while it reiterated it will continue to closely monitor developments in financial markets
PRE-MARKET CHINESE STOCK NEWS: Alibaba Group (9988 HK) sues the US government seeking removal from a Pentagon blacklist that claims it is linked to the Chinese military
PBoC sets USD/CNY mid-point at 6.8195 vs exp. 6.7913 (prev. 6.8171)
Malaysia's central bank says recent movements of MYR and regional currencies continue to be driven by global developments, while it reiterated it will continue to closely monitor developments in financial markets
[CALENDAR ADDITION] US President Trump will sign Road to Housing Act at 12:00EDT/17:00BST, will attend Senate Steering Committee lunch at 13:00EDT/18:00BST and will meet NATO Secretary General at 15:30EDT/20:30BST on Wednesday
China fund managers shift to targeted AI stock positioning, with more concentrated bets related to the industry leaders that are capable of delivering orders and addressing capacity bottlenecks, according to China Securities Journal
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Says:
- FMC members agreed Malaysia's favourable macroeconomic fundamentals remain intact, and members observed that onshore FX market remains healthy.
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