Asian stocks fall as chip sell-off deepens; Nikkei drops 4.4%
What's new: Brent neared $85 a barrel and was up 12% for the week as Middle East tensions and weaker Hormuz shipping stoked inflation fears.
Bloomberg, CNBC
Subject
#Brent
Trump's planned 20% Hormuz toll lifts oil prices
Brent rose to US$85.11 a barrel as ship traffic through Hormuz fell sharply to 14 vessels on Sunday.
CNBC, Antara News +3
Rupiah closes stronger at Rp18,091 per US dollar after S&P holds BBB
Markets are still waiting for US June inflation data and a Fed speech, while surging oil prices limit the rupiah's gains.
Series: Indonesia · Sovereign Credit Rating · 3 chapters since Jul 13Oil falls 4% after US-Iran reach peace accord
Brent slipped to about $84 a barrel, with the signing of the agreement scheduled for June 19 in Switzerland.
Republika, Antara News +1
World Bank forecasts Indonesia's economy to grow 5.0% in 2026
The 2027-2028 outlook rises to 5.2%, but depends on structural reforms and easing global pressures.
China draws 1 million barrels a day from oil stocks after Gulf shock
Why it matters: Lower refinery runs and reserve releases have helped keep Brent from surging despite the Strait of Hormuz disruption.
Rupiah opens weaker at Rp17.995 per dollar, near 18,000
Rising energy import costs, dividend payments and foreign debt obligations are adding to domestic demand for dollars.
Series: Indonesian Rupiah · Exchange Rate Slide · 5 chapters since Jun 3