AGP Executive Report
Last update: 10 hours agoAsia Equities Jolt: South Korea’s KOSPI plunged 12.78% after a US chip selloff, dragging SK Hynix and Samsung; Japan’s Nikkei slipped and Kioxia fell sharply as “profit-taking” hit AI and tech winners. FX Watch: Seoul’s vice finance chief warned the won is misaligned and said authorities are ready to act if dollar-won liquidity issues spark excessive swings ahead of 24-hour trading. Trade Tensions: The EU and China move toward a ministerial dialogue on trade imbalances and export controls, as Brussels frames the relationship as structurally unsustainable. USMCA Update: The Trump administration declined to renew USMCA “in its current form,” starting a new negotiation clock with Mexico on autos rules of origin and economic security. Money Markets Reform (India): RBI’s plan to let NBFCs access the term money market could lift volumes 40–60% in a year and deepen liquidity, with top-rated NBFCs seeing modest spread compression. Digital Finance (Africa): Grey launched local-currency deposits in Ghana and Kenya to fund accounts via bank transfer and mobile money, aiming to reduce friction between local rails and global services. Corporate/Markets Ops: Australia’s ASIC cancelled Capital Guard’s AFS licence over a fake $100,000 “Macquarie” bond scheme.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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