AGP Executive Report
Last update: 8 hours agoWest Asia Shock to Markets: Asian stocks stayed choppy as investors weighed the fragility of US-Iran and Israel-Lebanon ceasefire efforts, keeping oil and risk sentiment volatile. Central Banking & FX: Bloomberg Economics said India’s RBI may have sold about $12b in gold to protect foreign-currency reserves amid capital outflows and higher oil costs. Rates Watch: Morgan Stanley’s Chetan Ahya said India doesn’t need an immediate rate hike ahead of the June 5 RBI meeting. AI & Chips: Nvidia CEO Jensen Huang told Taipei supply is still constrained even as AI demand stays strong, while Asia’s trading leaned toward AI beneficiaries. Private Capital Shift: Blackstone raised $13.1b for its biggest Asia private equity fund, underscoring global capital moving east. ASEAN Trade Push: DHL Express and ASEAN-BAC signed an MoU to help MSMEs with digital logistics, finance and cross-border standards. Energy Transition: Vietnam is accelerating onshore wind and exploring offshore wind-hydrogen integration as electricity demand surges. Business & Law: Kirkland & Ellis opened a Tokyo office, hiring partners from Morrison Foerster and White & Case.
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