Round-the-clock breaking news from Malaysia.
Malaysia's Economy Minister Akmal Nasrullah has cautioned the nation against complacency over Iran's renewed closure of the Strait of Hormuz, warning of cascading economic impacts on oil prices, shipping costs, and supply chains.
South Korea's stock market halted trading for 20 minutes after the KOSPI index dropped sharply on renewed US-Iran tensions centred on the Strait of Hormuz. It was the seventh circuit breaker activation this year.
The Philippines is urging ASEAN to strengthen maritime security across critical shipping routes including the Strait of Malacca and South China Sea, warning that disruptions could destabilise regional economies and supply chains.
Singapore's sovereign wealth fund Temasek achieved a record S$518 billion portfolio value, adding S$49 billion in the past year. Despite geopolitical tensions and regional conflicts, it delivered solid long-term shareholder returns while positioning itself strategically in emerging markets.
Malaysian banks confront a complex second-half landscape as geopolitical tensions ease but a more hawkish US Federal Reserve stance poses fresh challenges to earnings and capital strategies.
Oil futures gained ground Friday as scepticism mounted over whether a fledgling US-Iran peace agreement would endure, with cancelled Swiss negotiations and escalating Israeli-Hezbollah tensions amplifying market caution.