Equities in Asia's emerging markets gained on Friday, boosted by optimism around chipmakers in South Korea and Taiwan, while investors digested Bank of Japan's widely-expected interest rate hike.

Emerging Asia stocks ride AI rally, currencies inch higher

Currencies in emerging Asia fell to multi-week lows on Thursday after the US Federal Reserve's (Fed) first rate hike in more than three years and hawkish tone sent the US dollar to a seven-week high, while regional stocks made gains.

Emerging Asian currencies trim losses after hawkish Fed propels dollar; shares muted

Chip-heavy South Korean and Taiwanese benchmarks lifted emerging Asia stocks on Wednesday, while regional currencies were muted with the US dollar near multi-week peaks ahead of a widely expected Federal Reserve rate hike.

Asian stocks gain, FX subdued ahead of Fed decision

Emerging Asia stocks fell to a three-week low on Tuesday as rising crude and calls to slow AI development weighed on investor sentiment, while currencies weakened as US rate-hike expectations pushed the dollar to a near two-week high.

Asian stocks hit three-week low on oil, AI concerns

Emerging Asian currencies slipped on Monday as higher oil prices weighed on energy importers, while South Korean and Taiwanese shares fell on growing concerns over the outlook for artificial intelligence (AI).

Emerging Asian currencies slip on oil; AI worries hit tech stocks

Emerging Asian stocks and currencies extended losses on Friday as surging oil prices raised inflation concerns, ahead of US inflation data later in the day.

Stocks, currencies in emerging Asia fall as soaring oil fans inflation fears

Emerging Asian stocks declined and currencies were flat on Thursday as the biggest wave of attacks on shipping in the ongoing six-month-old war in the Middle East pushed crude oil prices above US$100 a barrel.

Emerging Asia stocks slide, currencies tread water as oil tops US$100

Indonesia's rupiah hit a near four-month high on Wednesday, leading gains in emerging Asian currencies as the dollar weakened and investment inflows picked up.

Indonesia's rupiah near four-month high as dollar weakens, AI optimism helps emerging Asian stocks

Emerging Asian stock markets lost momentum on Tuesday, as South Korean shares gave up early gains on profit-taking, while risks of a prolonged conflict in the Middle East lifted oil prices and kept investors cautious.

South Korea drags emerging Asian stocks lower on profit-taking

Chip stocks in South Korea and Taiwan drove Asian emerging markets to a multi-month high on Monday, helped by a healthy appetite for artificial intelligence (AI)-related equities, while the Philippine peso hit a record low as elevated oil prices threaten the country's trade balance.

South Korea, Taiwan stocks surge on AI appetite; Philippine peso at record low

Most emerging Asia stocks advanced on Friday with Singapore's benchmark hitting an all-time high, as waning expectations of a near-term US rate increase spurred demand for risk assets, while regional currencies gained ground.

Emerging Asian stocks rise as Fed hike odds ease, Singapore hits record high

: Emerging Asian currencies strengthened on Thursday, with the South Korean won near a 14-month high, while Malaysia's ringgit and stocks were steady after the central bank kept rates unchanged as expected.

Emerging Asian FX gains as dollar softens; Malaysian assets steady after rate hold

The Philippine peso touched a record low on Wednesday, while Asian stocks slid as investors fled risk assets after renewed US strikes on Iran drove up oil prices and pushed global bond yields to multi-year highs.

Philippine peso hits record low as oil shock, bond rout batter Asian assets

Equities in Southeast Asia fell on Tuesday, with Malaysia and Singapore leading losses, as oil prices climbed above US$90 a barrel and a global bond sell-off fuelled by concerns about inflation and tighter monetary policy weighed on risk assets across emerging markets.

Southeast Asian stocks retreat as Middle East tensions drive oil rally

Artificial intelligence giant Anthropic said on Thursday that AI systems are increasingly capable of building future versions of themselves, adding to mounting concerns about the dangers of the powerful technology.

Anthropic says AI systems moving towards building themselves

Malaysia Rail Link Sdn Bhd (MRL) is working towards opening the East Coast Rail Link (ECRL) to the public as early as mid-December, with testing and commissioning by its comprehensive inspection train (CIT) progressing well.

Malaysia Rail Link: ECRL may begin operations mid-December 

Prime Minister Datuk Seri Anwar Ibrahim on Friday urged the Negeri Sembilan government and Menteri Besar Datuk Ismail Lasim to take a firm stand and not bow to political pressure in handling the controversy surrounding the state’s royal institution.

Anwar tells Negeri Sembilan govt, MB not to succumb to political pressure 

The Democratic Action Party (DAP) said its central executive committee will be meeting on Saturday to discuss and decide on the party's stance and follow-up actions, after former prime minister Datuk Seri Najib Razak was allowed house arrest to serve out his remaining corruption sentence.

DAP respects King’s prerogative on Najib, CEC to meet Saturday to decide party direction

The pardon given by the Federal Territory Pardons Board on Friday — for imprisoned former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence for his SRC International Sdn Bhd conviction under house arrest until the end of his sentence in August 2028 — on condition that the RM50 million fine he had been given is paid first, sets a precedent for white collar crimes, says senior criminal lawyer Datuk N Sivananthan.

Pardon to serve house arrest sets precedent for white collar and other crimes, says lawyer

Global shares and bonds dipped on Friday while Japan's well-telegraphed hike fell short of supporting the yen, as markets approached the end of a turbulent week marked by a global push by central banks to quell inflation.

Global stocks, bonds dip as central banks jack up rates to tame inflation

India's Tata Group, which owns Jaguar Land Rover and Air India, is facing its worst crisis in years, pitting the board of its holding company against its controlling charity arm and raising questions about the future of the 158-year-old conglomerate.

Tata Group's boardroom clash rocks India's most storied conglomerate

Umno is seeking public donations to help former party president and prime minister Datuk Seri Najib Razak pay a RM50 million fine as a condition for his house arrest.

Umno seeking public donations to help Najib pay RM50 million fine

Saudi Arabia has sold about 60 million barrels of crude from its Gulf port of Ras Tanura inside the Strait of Hormuz for loading via ship-to-ship transfer at the Omani port of Sohar this month and next, multiple trade sources said on Friday.

Aramco to boost Gulf exports to 60 mil barrels in September, October — traders 

A China Coast Guard vessel rammed a Philippine boat on a resupply mission in the South China Sea on Friday, damaging its railings and deck structures but causing no injuries, the Philippine Coast Guard (PCG) said, in the latest confrontation between the two countries in disputed waters.

China vessel rams and damages Philippine boat on refuelling mission, coast guard says

AirAsia Group Bhd's (KL:AAGB) operation is sustainable with over RM1 billion cash in hand, group adviser Tan Sri Tony Fernandes said&nbsp;as he dismissed concerns about the airline's finances.

AirAsia sustainable with RM1 bil cash, no govt bailout requested, says Fernandes

Former prime minister Datuk Seri Najib Razak has been allowed house arrest to serve out his&nbsp;remaining sentence for grand corruption.&nbsp;

King consents to house arrest for Najib until August 2028

AirAsia Group Bhd (KL:AAGB) has sold six newly-delivered aircraft since the start of last year, including two in July, in an unusual about-face that points to the financial strain gripping the airline.&nbsp;

Cash-strapped AirAsia takes unusual step of unloading new planes

Budget 2027 could see further sales and service tax (SST) exemptions to reduce costs embedded in businesses, alongside possible personal income tax relief for middle-income taxpayers, according to CIMB Securities.

Budget 2027 may bring SST exemptions, income tax relief for middle-income earners — CIMB Securities

Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh has denied signing any house arrest order involving former prime minister Datuk Seri Najib Razak, which has been circulating on social media.

Hannah Yeoh denies signing Najib’s house arrest order

Malaysia Airlines’&nbsp;parent is said to be closing in on an order for Boeing Co 787 Dreamliners as the carrier seeks to renew its long-haul fleet, according to people familiar with the matter. 
&nbsp;

Malaysia Airlines closing in on order for Boeing 787 Dreamliners — Bloomberg

It is unfeasible for rivals to absorb AirAsia Group Bhd's (KL:AAGB) domestic market share even as a contingency plan, the airline’s adviser Tan Sri Tony Fernandes said.

Talks of rival airlines absorbing AirAsia's capacity 'ludicrous' — Fernandes

Keyfield International Bhd (KL:KEYFIELD) slid to a one-year low amid softer accommodation workboat demand and charter rates.

Kenanga says sell-off unjustified after Keyfield hits one-year low

The Bank of Japan (BOJ) raised its benchmark interest rate in a split decision showing dissent within the board as it confronts mounting inflation risks and unusually explicit calls for further policy normalisation from Washington.

Japan's central bank hikes rates in split decision after US pressure

Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East.

Brent crude futures LCOc1 fell by US$2.14, or 2%, to US$102.68 a barrel by 0806 GMT. US West Texas Intermediate CLc1 futures fell US$1.83, or 1.8%, to US$100.08.

Oil prices fall 2% on easing fears over Saudi supply disruption

Pakatan Harapan will hold a presidential council meeting on Friday evening to discuss current developments, according to a local news report.

Pakatan Harapan leaders to meet on current political developments — report

Sunway Medical Group broke ground for the RM800 million Sunway Medical Centre Iskandar Puteri in Johor on Friday, further completing the 2,000-acre Sunway City Iskandar Puteri township development.&nbsp;

Sunway Medical Group breaks ground for RM800 mil Sunway Medical Centre Iskandar Puteri in Johor

Binastra Corporation Bhd (KL:BNASTRA) eked out a new all-time high in Friday trading while analysts raised their outlook after the construction firm’s latest results.

Binastra shares eke out new record, analysts raise outlook after results

Tenaga Nasional Bhd (KL:TENAGA) will absorb the impact from the electricity tariff fuel surcharge exemption that has been expanded to more households up until the end of this year.

Tenaga Nasional to absorb fuel surcharge for electricity subsidy expansion

Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh and Attorney General Tan Sri Mohd Dusuki Mokhtar attended the&nbsp;64th meeting of the Pardons Board for the Federal Territories of Kuala Lumpur, Labuan, and Putrajaya at Istana Negara on Friday.

Hannah Yeoh, AG attend Pardons Board meeting

Indonesian tycoon Andi Syamsuddin Arsyad agreed to acquire a major stake in miner PT Bayan Resources, setting the stage for him to become one of the biggest players in the global coal industry. 
&nbsp;

Indonesian tycoon close to Prabowo creates coal mining giant

TMK Chemical Bhd (KL:TMK) has agreed to acquire Chemical Company of Malaysia Bhd (CCM) from Batu Kawan Bhd (KL:BKAWAN) and its wholly-owned unit Enternal Edge Sdn Bhd for RM939.9 million.

TMK Chemical to buy CCM from Batu Kawan for RM939.9m

Global shares and bonds dipped on Friday while Japan's well-telegraphed hike fell short of supporting the yen, as markets approached the end of a turbulent week marked by a global push by central banks to quell inflation.

Malaysia's inflation was a tad faster than expected in August as price growth in transport, utilities and food picked up, official data released on Friday showed.

Emerging Markets

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