AGP Executive Report
Last update: 6 hours agoUS–China Summit Fallout: Trump and Xi ended talks with a shared line that the Strait of Hormuz “must remain open,” plus a pledge that Iran can never have nuclear weapons—while Taiwan stayed a live wire as Xi warned mishandling could spark conflict. India Fuel Shock: India’s state oil firms lifted petrol and diesel by ~Rs 3/litre nationwide, with Delhi petrol at Rs 97.77 and diesel at Rs 90.67, as West Asia disruption and crude volatility squeeze costs. China Supply-Chain Shift: SMIC said overseas clients are moving more orders to China for AI-driven chip capacity, even as advanced output faces US export limits. China NEV Safety: Regulators tightened NEV safety oversight, pushing manufacturers and battery makers to own quality across design, supply chain, monitoring and after-sales. Retail & Subscriptions: Spotify cut India Premium Standard to Rs 139/month and Student to Rs 69, ending the Lite tier; meanwhile India’s ecommerce is projected to hit $450B by 2031 and take ~22% of retail GMV. Japan Inflation Pressure: Japan’s wholesale inflation jumped to 4.9% y/y, reviving yen-support expectations.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
Perspectify News
