AGP Executive Report
Last update: 3 hours agoUS-Iran Tensions and Oil: Brent rose above $88 as talks hit an impasse and Strait of Hormuz reopening looks delayed, keeping inflation worries front and center for Asia markets. Markets and Flows: Foreign investors sold Asian equities for a ninth straight month in July, with heavy outflows from Taiwan and South Korea as AI spending and chip demand concerns spooked tech-heavy portfolios. FX Watch: The yen slid again after intervention efforts faded, while Australia held rates at 4.35%, highlighting diverging policy pressures across the region. APEC Countdown: China’s APEC host year enters its final 100-day push in Shenzhen, aiming for concrete trade, services and digital-economy outcomes. Defense and Diplomacy: A senior Pentagon official urged Asian allies to raise defense spending, stressing the US is “digging in” with partners, not protectorates. Business Moves: JPMorgan plans to expand Asia-Pacific corporate banking hiring through 2027; Merck is expanding biosafety testing in Singapore for biopharma clients across Asia Pacific. Philippines and Sports: Dominion Holdings is buying a 20.43% stake in Atlas Mining, while Bulacan Dreamers won bronze at the Senior League Softball World Series. Regional Culture: Etihad launched its first Abu Dhabi–Tashkent route, and Pokémon Game On! rolls out across multiple Asia markets.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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