Emerging Asian equities edged higher on Friday after a sell-off in the previous session, while Singapore stocks recouped some losses after hitting three-month lows as concerns over the impact of higher bond yields on bank earnings persisted.

Emerging Asian equities edge higher; Singapore shares off three-month lows

Major banks in Southeast Asia declined more than 1% on Thursday, with the region's top lender, DBS Group, dragging Singapore stocks more than 3% lower as rising bond yields brought into focus risks to bank earnings growth and funding costs.

Bank sell-off casts pall in Southeast Asia, Singapore stocks drop 3%

An index of emerging Asia equities booked its steepest one-day loss in a week on Wednesday, with Singapore and South Korea shedding the most, as surging crude prices and US yields holding near multi-year peaks steered investors away from the region.

Surging oil, high US yields drag emerging Asian shares to steepest fall in a week

Stocks in Indonesia jumped more than 1% to outperform a subdued emerging Asia on Tuesday as investors took advantage of low prices following sharp losses last week, while regional currencies remained muted against a firm greenback.

Jakarta stocks jump 1% on bargain hunting, leading subdued emerging Asia

Taiwan stocks posted a record closing high on Monday while equities across emerging Asia booked their biggest daily gains in nearly two weeks, after weaker-than-expected US jobs data reduced expectations of imminent policy tightening.

Soft US payrolls lift EM Asia stocks, Taiwan notches record closing high

Indonesian stocks were headed for their worst week in more than three months on Friday, hurt by a new minimum share price rule, while elevated bond yields, higher oil prices and a stronger US dollar put regional currencies on track for weekly losses.

Jakarta stocks set for worst week since June on new rule; Asia forex down for week

Emerging Asian currencies made a subdued start to October as rising global bond yields continued to erode the region's rate advantage, while Indonesian assets held onto losses after inflation accelerated as expected.

Emerging Asian currencies start October weaker as US yield pressure persists

Most emerging Asian stocks fell on Wednesday, with regional equities and currencies headed for monthly losses as high US yields, a firm dollar and expectations of prolonged Federal Reserve (Fed) rate increases weighed.

Most emerging Asian assets set for monthly losses, chip-heavy markets buck trend

Indonesia's rupiah breached 18,000 per US dollar for the first time in nearly two months on Tuesday, as Asian currencies stayed under pressure from rising global bond yields, US-Iran tensions and higher oil prices.

Rupiah breaches 18,000/USD for first time since August on rising yields, oil

Most Asian currencies weakened on Monday, with Thailand's baht leading losses, as surging oil prices and elevated US Treasury yields stoked concerns over sticky inflation and narrowed the region's rate advantage.

Asian forex weakens as oil, Treasury yields rise; Thai baht hits two-month low

Indonesia's rupiah was headed on Friday for its biggest weekly decline since May, pressured by rising US Treasury yields, a stronger dollar and expectations that the Federal Reserve (Fed) will keep rates higher for longer, while other regional currencies traded mixed.

Rupiah set for biggest weekly fall since May as higher US yields, stronger dollar bite

Emerging Asian stocks and currencies retreated on Thursday, with Indonesian assets leading the decline, weighed down by oil-driven inflation risks and sharply higher US Treasury yields.

Emerging Asian stocks, currencies pressured by oil prices, bond rout

Indonesian equities advanced and the rupiah held onto early gains after the country's central bank delivered a widely expected rate hold, while Asian AI-linked stocks extended their winning streak amid renewed optimism about chip demand.

Indonesian stocks extend gains after rate hold, AI-linked equity rally continues

South Korean stocks and the won led gains across Asian markets on Tuesday, as investors returned to artificial intelligence (AI)-linked trades after a rally in US chipmakers and tech stocks, while Indonesian stocks and the rupiah fell a day ahead of a central bank rate decision.

South Korean stocks, won lead Asian gains as AI trade rebounds

EdgeUP: AI vs AI: Cybersecurity Arms Race

The affordable Medi Asas plan will be launched in January 2027, featuring standardised hospital charges based on diagnosis and treatment type to ensure medical costs are better controlled and predictable, says Prime Minister Datuk Seri Anwar Ibrahim.

Affordable Medi Asas plan to be launched in January 2027 — Anwar

Indonesia's palm oil production next year is expected to be affected by El Niño dry weather, while exports are estimated to drop nearly 15% amid higher domestic demand, palm oil group Gapki said on Friday.

Indonesia's 2027 palm oil output, exports seen shrinking due to dry weather, domestic demand 

Micro, small and medium enterprises will get a one-percentage-point reduction in income tax rates next year to cope with rising costs of doing business.

SME income tax rates cut by one percentage-point

Some 40,000 KTM Komuter users stand to benefit from the MYKOMUTER50 incentive next year, Prime Minister Datuk Seri Anwar Ibrahim said.

Anwar said the initiative would save users up to RM160 a month, while free passes would also be given to 360,000 schoolchildren, the disabled community and children under six. The My50 facility will continue for Prasarana bus and rail users in the Klang Valley.

MYKOMUTER50, free passes and ECRL Phase 1 in major transport boost

The government has agreed to amend the Road Transport Act 1987 to compel drivers who cause accidents while under the influence of alcohol or drugs to compensate victims.

Drunk, drug-impaired drivers to be made to compensate victims, says PM

Prime Minister Datuk Seri Anwar Ibrahim announced that the value of government procurement allocated to Bumiputera G1-G4 contractors will be increased to RM7.5 billion by 2027, compared to RM4 billion this year.

Procurement value for Bumiputera G1-G4 contractors increases to RM7.5 bil — Anwar

The government will provide 50 acres of strategically located land in Kuala Lumpur, valued at RM1 billion, as a new endowment to the Bumiputera Investment Foundation, Prime Minister Datuk Seri Anwar Ibrahim said.

Govt to provide 50 acres of KL land worth RM1 bil for Bumiputera agenda

The government has extended the income tax exemption for Malaysian shipping companies by a decade and introduced fixed stamp duty rates for loans to buy or build ships.

Tax holiday for Malaysian shippers extended to 2036, fixed stamp duty on ship loans

The allocation for repairing and maintaining all types of schools has been doubled from RM1 billion to RM2 billion under Budget 2027.

Allocation for school repairs, maintenance doubled to RM2b under Budget 2027

Follow our live coverage of Budget 2027 as Prime Minister Datuk Seri Anwar Ibrahim tables it.

Highlights of Budget 2027

KUALA LUMPUR (Oct 8): Klang member of Parliament (MP) V Ganabatirau has filed a defamation suit at the High Court here against independent preacher and activist Firdaus Wong over social media postings questioning the lawmaker's loyalty to the country.

Klang MP Ganabatirau sues Firdaus Wong over social media posts questioning his loyalty to Malaysia

The government on Thursday has announced key individual tax reforms aimed at reducing the cost of living for the middle 40% of earners (M40).&nbsp;

Income tax relief level raised to RM12,000, tax rate cuts to put RM1,600 into pockets of people 

KUALA LUMPUR (Oct 9): A former company director of a property development company has been charged with criminal breach of trust (CBT) for transferring RM100,000 of company funds to himself for a non-existent "director fee".

Former property development company director charged with CBT for transferring RM100k to himself for non-existing 'director fee'

首相拿督斯里安华提呈2027年财政预算案重点摘要：

2027年财政预算案重点摘要

KUALA LUMPUR (Oct 9): Dagang NeXchange Bhd (KL:DNEX) could see renewed investor interest after settling its long-running legal dispute over semiconductor subsidiary SilTerra Malaysia Sdn Bhd, removing a major uncertainty that has weighed on the stock, according to TA Securities.

DNeX's SilTerra legal settlement clears path for growth, says TA Securities

Oriental Kopi Holdings Bhd (KL:KOPI) could see its share price rise by more than 50%, according to CGS International Securities (CGSI), which expects the cafe operator's expansion and growing packaged food business to drive stronger earnings over the next few years.

CGSI sees over 50% upside for Oriental Kopi on expansion, earnings growth

Malaysia is expected to spend 82% of its forecasted record RM459.84 billion budget on operating expenditure (opex) in 2027, leaving RM83 billion, or 18%, for development expenditure (devex).

Budget 2027 expected to hit record RM459.84b, 82% for operating expenditure

Oil declined after President Donald Trump said the US would not attack Iran before November’s midterm elections, signalling a period of more than three weeks for no offensive military action against Tehran.

Oil retreats as Trump rules out attacks on Iran before US midterms

World stocks edged up on Friday and oil prices slipped after US President Donald Trump said the US would not attack Iran before next month's midterm elections, easing some near-term concerns about energy supplies.

Oil eases, bringing some respite to stocks and battered bonds

The worsening haze in Malaysia could disrupt manufacturing operations, affect worker attendance and drive up business costs, according to the Federation of Malaysian Manufacturing (FMM).

Haze threatens manufacturing productivity, raises business costs — FMM

Despite raising the minimum wage and the economy's recovery since the pandemic, wage progression remains weak beyond the minimum wage floor, according to the Economic Outlook 2027 report. 
&nbsp;

Minimum wage lifts the floor, but Malaysia's 'missing middle' remains

Malaysia is proposing a full stamp duty exemption on loan agreements and instruments of transfer for the purchase of first&nbsp;homes priced up to RM500,000.

Govt proposes full stamp duty exemption for first homes priced up to RM500,000

Unisem (M) Bhd (KL:UNISEM) and its subsidiary plans to invest RM396 million to expand its semiconductor manufacturing plant in Gopeng, Perak, as the group seeks to capture growing demand for advanced chip packaging used in artificial intelligence (AI) and data centres..

Unisem plans RM396 mil second phase of Gopeng plant expansion

A selloff in chipmakers weighed on stocks as speculation around OpenAI’s revenue revived worries that the artificial-intelligence spending spree is becoming harder to justify.

S&P 500 falls as reports on OpenAI sink chipmakers

Singapore’s Formula 1 race will go ahead this weekend despite haze from Indonesian wildfires that has choked the city for weeks, pushing it to the top of the global rankings for air pollution. 
&nbsp;

F1 says Singapore race will go ahead despite Indonesia haze

KUALA LUMPUR (Oct 9): Malaysia's fiscal deficit is projected to narrow to 3.3% of gross domestic product (GDP) in 2027, even as the actual shortfall remains elevated at RM77.5 billion.

Malaysia's fiscal deficit to narrow to 3.3% in 2027, but shortfall remains above RM77 bil

PMB Technology Bhd (KL:PMBTECH), a 58.78%-owned subsidiary of Press Metal Aluminium Holdings Bhd (KL:PMETAL), plans to invest RM650 million to build a silicon-aluminium (Si-Al) alloy plant in Sarawak as the group seeks to diversify away from a struggling silicon metal business.

PMB Technology plans RM650 mil silicon-aluminium alloy plant in Sarawak

BENGALURU (Oct 8): OpenAI has told investors its annualised revenue for September was almost US$50 billion, a drop from what it signaled earlier, a person familiar with the matter told Reuters on Thursday.

OpenAI's September annualised revenue nears US$50 bil, less than previously indicated — Reuters

The collapse of Nvidia-backed data centre operator Firmus' US$5 billion IPO is a blow to Australia's capital markets which are already facing a shrinking pool of listed entities, investors said.

Australia's benchmark share index is heavily skewed to the Big Four banks and huge mining companies, so some money managers had hoped a big tech listing would make the market more attractive by offering more choice to investors.

Emerging Markets

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