Japan's manufacturing activity contracted for the second month in August as U.S. tariffs weighed on overseas demand, a private-sector survey showed on Thursday.
Yields on Japan’s super-long government bonds climbed to multi-decade highs, driven by persistent concerns over fiscal expansion and fading demand from key investors.
Car sales in Indonesia are down by 18.4 per cent year-on-year this July despite growing sales of battery electric vehicles (BEVs). Data from the Indonesia Automotive Industries (GAIKINDO) revealed that a total of 60,552 new vehicles were sold last month, down from 74,230 units sold in the same month last year.
Indonesia's central bank cut interest rates again in a surprise move on Wednesday and flagged it could cut some more, as it stepped up support for Southeast Asia's largest economy against the backdrop of global uncertainties.
Oil prices gained slightly on Thursday as larger-than-expected declines crude oil and fuel inventories in the US, the world's biggest oil user, supported expectations for steady demand.
US crude exports are finally picking up after a muted summer as domestic refineries begin preventive maintenance and the Trump administration threatens tariffs on India for purchasing Russian oil.