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Asian stocks lean lower due to tech sell-off, rising US-Iran tensions
Asian stocks face downward pressure on Thursday, delivering mixed results as a renewed sell-off in semiconductor shares dragged down the tech sector. The retreat stems from persistent investor skepticism over whether the artificial intelligence rally can sustain its current valuations.Fxstreet
Thu, Jul 16
Indonesian Rupiah weakens as higher oil import costs stretch the trade balance
USD/IDR gains ground after two days of losses, trading around 18,100 during the Asian hours on Thursday. The pair holds ground as the Indonesian Rupiah (IDR) faces downward pressure as surging oil import costs stretch the nation's trade balance and stoke inflation.Fxstreet
Thu, Jul 16
Chinese Yuan: Upside bias against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH drop to 6.7691, shifting the short-term bias to the downside. They see scope for further weakness, though the 6.7600 support is unlikely to be reached immediately.Fxstreet
Wed, Jul 15
Singapore Dollar: Range trading persists with strong performance against US Dollar – Commerzbank
Commerzbank’s Moses Lim highlights that USD/SGD fell 0.3% to 1.2910 on Dollar weakness, with the pair consolidating in a 1.29–1.30 range since mid-June. Singapore’s strong growth backdrop and benign inflation support the Singapore Dollar, which is the third-strongest Asian currency this year.
Fxstreet
Wed, Jul 15
Indonesia: Post-S&P optimism faces weak risk uptake – DBS
DBS Group Research economist Radhika Rao notes that S&P Global Ratings has retained Indonesia’s sovereign rating and stable outlook, citing fiscal discipline and expectations of rationalized flagship spending and improved revenues.Fxstreet
Wed, Jul 15
China: Q2 growth slowdown raises policy pressure – Commerzbank
Commerzbank’s Dr. Henry Hao notes that China’s Q2 2026 GDP growth slowed to 4.3% year-on-year, below Beijing’s 4.5%-5% target and consensus expectations. Fixed-asset investment contracted sharply, while June industrial output and retail sales surprised on the upside.Fxstreet
Wed, Jul 15
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