AGP Executive Report
Last update: 3 hours agoWest Asia Shock, India’s Response: India is moving to protect forex and the current account as the Iran conflict keeps oil and shipping costs high—customs duty on gold and silver is lifted to 15% (platinum to 15.4%), while fuel supply is framed as secure with 60 days of crude/LNG and 45 days of LPG; officials also warn OMC losses could run about Rs 1,000 crore a day. Markets: The rupee hit a fresh low and Indian equities slid again, with Sensex and Nifty pressured by crude and geopolitical uncertainty. US–China Focus: Ahead of Trump’s Beijing visit, China’s online chatter is fixated on the summit’s trade and Iran-linked stakes, while Asian stocks stay mixed as AI enthusiasm cools. ASEAN Aviation & Digital Push: ASEAN says the aviation disruption is becoming a catalyst for deeper cooperation—liberalising air cargo, harmonising rules, and accelerating the ASEAN Single Aviation Market—alongside a major regional digital agreement expected later this year. Energy Pivot in Southeast Asia: In the Philippines, rooftop solar demand is surging as fuel costs spike, with China set to benefit from the rush.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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