US President Trump signed an order to identify and fix potential national security vulnerabilities by requiring defence contractors to screen their supply chains, aims to stop weapons makers from working with certain foreign suppliers including China
This executive order reflects escalating concerns over national security and supply chain vulnerabilities, particularly targeting Chinese suppliers in the defense sector.
PBoC is expected to set USD/CNY mid-point at 6.7706 (prev. 6.7948)
[MARKET UPDATE] Asia-Pac stocks are mixed in early trade following the mostly subdued handover from US, where most major indices declined as oil prices and yields climbed amid the ongoing geopolitical backdrop, although the Nasdaq showed some resilence
US President Trump signed an order to identify and fix potential national security vulnerabilities by requiring defence contractors to screen their supply chains, aims to stop weapons makers from working with certain foreign suppliers including China
Israeli army starts pilot to withdraw from three Lebanon villages, while it was separately reported that Israeli drones strike Gaza city centre
Greek oil tanker was attacked near Strait of Hormuz, according to Nour News
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The implications could ripple through various asset classes, likely strengthening the USD as investors seek safe havens, while geopolitical tensions may increase volatility in equities and commodities, notably energy and gold.
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