Tonight’s top stories: Anwar confirms early-stage US tariff talks, markets react to global trade jitters, and Singapore’s ruling party secures a sweeping election win.
Malaysia News: Anwar Confirms Early-Stage US Tariff Talks
Prime Minister Datuk Seri Anwar Ibrahim announced that the US is willing to continue tariff negotiations with Malaysia, offering hope for possible reductions. While no deal is finalized yet, the government is preparing strategies to safeguard economic stability. Anwar also refuted claims that Malaysia imposes a 47% tariff on US goods, calling them inaccurate.
International News: Markets Wobble as Trade War Uncertainty Grows
US stock futures and the dollar fell amid renewed trade worries, with the S&P 500 retreating 0.7% and oil prices sliding after Opec+ announced output hikes. Asian currencies surged, led by Taiwan’s dollar, as traders speculate on further central bank interventions. Analysts warn of prolonged uncertainty as trade negotiations drag on.
Asia News: Singapore’s PAP Secures Landslide Victory
Singapore’s People’s Action Party clinched 87 out of 97 parliamentary seats, extending its political dominance under Prime Minister Lawrence Wong. Voters opted for continuity and stability despite rising living costs and global economic challenges, solidifying the PAP’s grip on power for a 14th straight election.
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