Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Malaysia’s Q3 Economic Growth Slows to 5.3%
Malaysia's economy is projected to have grown by 5.3% in the third quarter of 2024 compared to the previous year, marking a slowdown from the 5.9% growth recorded in the second quarter. This decline, reported by the official advance estimates released on Monday, is attributed to various factors affecting economic momentum.
In Q2, the country experienced its fastest economic expansion in 18 months, fueled by increased household spending, robust exports, and higher investment levels. In response to these dynamics, the Malaysian government recently revised its economic growth forecast for 2024, now estimating growth between 4.8% and 5.3%, up from the previous range of 4% to 5%.
The growth in the third quarter was primarily driven by the services sector, which saw a 5.1% increase from the previous year. Additionally, expansions were observed in the manufacturing, construction, and agriculture sectors, according to data from the Statistics Department. However, the mining and quarrying sector faced challenges, contracting by 3.4% year-on-year due to declines in natural gas and crude oil production.
Trade dynamics also showed variation, with exports rising 7.8% year-on-year while imports surged by 20.8%. Chief Statistician Mohd Uzir Mahidin noted that a stable labor market, manageable inflation, supportive fiscal and monetary policies, and an ongoing recovery in tourism are expected to bolster economic performance.
Final GDP figures for the third quarter will be published on November 15.
