Philippines says they conducted joint military exercises with the US in the South China Sea, according to Al Arabiya
Newsquawk Staff ·
Philippines says they conducted joint military exercises with the US in the South China Sea, according to Al Arabiya.
What it means
The joint military exercises between the Philippines and the US in the South China Sea highlight an escalation in regional defense collaboration amid ongoing tensions in the area. This could impact market sentiment, particularly for assets sensitive to geopolitical risks, such as oil and local currencies, while also signaling a potential shift in military alliances in the region.
Sources
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