Malaysia Banks Defend Against US Tariff Fallout, Walmart Price Hikes, Huawei Tensions Rise | AGN Afternoon Update May 16, 2025

From banking buffers to global trade flashpoints, here’s what’s shaping markets this Friday afternoon.

🇲🇾 Malaysia News

  • Malaysian banks have RM4.86 bil overlay for US tariff impact

🌍 International News

  • Walmart to raise prices, halts Q2 guidance amid tariffs
  • US retail sales flatline in April, signaling spending slowdown
  • China accuses US of bullying over Huawei AI chip ban
  • Oil plunges 4% on revived hopes for US-Iran deal

UBS expects gold to rebound to record highs by end-2025

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