WTI nears $95.75 as Hormuz closure drives supply fears; IEA taps 400 million barrels to curb prices.
OCBC warns Asian FX, including SGD, vulnerable to oil-driven inflation despite IEA release; spikes may pressure MAS.
Mojtaba Khamenei urges Hormuz closure pressure, threatens US bases; US escorts tankers, underestimation noted; oil surges.
Gold slips under $5,100 as dollar and yields rise; PCE due; Middle East tensions and inflation outlook watched.
Malaysia’s January industrial production jumped 5.9% on strong semiconductor exports; ringgit steady as oil rises.
Standard Chartered said offshore renminbi remained stable; RGI flat, boosted by dim sum bonds and trade settlement.
BNY sees rising yuan demand since conflict; hedging down 30%, volatility managed; gradual shift toward Chinese assets.
New Zealand’s manufacturing PMI eased to 55 in February from 55.2, still indicating sector expansion.
HSBC highlights Asia for diversification from US, citing growth drivers, tech support, valuations, dividends, and bonds.
Taiwan February exports rose 20.6%, missing estimates; US share hit 36-year high amid Middle East risks.
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