AGP Executive Report
Last update: 9 hours agoAsian Markets: Tech shares rallied after SK hynix reported a 632% jump in operating profit, renewing optimism about AI-chip demand ahead of Microsoft and Alphabet results. The boom’s financing and profitability remain in focus, with former FDIC chair Sheila Bair warning that debt-fuelled AI investment could pose risks to financial stability. Islamic Finance: Malaysia’s industry topped an estimated US$800 billion in the third quarter, equal to more than 150% of GDP, Fitch said; growth prospects remain exposed to market volatility and currency, rate and commodity swings. Monetary Policy: Kazakhstan cut its base rate by 0.5 percentage points to 15.75% as inflation slowed, while cautioning that price pressures have not been fully overcome. Nigeria’s Borrowing: President Bola Tinubu is seeking approval for $20.52 billion and €1.045 billion in external loans. Opposition figure Atiku Abubakar urged lawmakers to reject the request, citing a lack of detail on projects and costs.
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