China’s producer deflation deepened to its worst level in almost two years in June as the economy grappled with uncertainty over a global trade war and subdued demand at home, piling pressure on policymakers to roll out more support measures.
Thailand’s economy is expected to slow in the second half of the year and faces heightened uncertainty, the central bank said at a briefing on Wednesday.
Most Asian stocks moved in a flat-to-low range on Wednesday as investors remained uncertain over the full scope of U.S. President Donald Trump’s trade tariffs, while mixed inflation data from China also weighed.
The yen fell broadly on Tuesday while the dollar held steady as U.S. President Donald Trump unveiled 25% tariffs on goods from Japan and South Korea in the latest development of his chaotic trade war.
The Bank of Japan could potentially delay its interest rate hikes to 2026, Capital Economics analysts warned on Tuesday, as the central bank grapples with heightened uncertainty over U.S. trade tariffs.
