South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Dollar Eases as Middle East Conflict, Fed Outlook and Japan Pension Policy Drive FX Markets 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Singapore's non-oil domestic exports (NODX) posted a remarkable 15.3% year-on-year increase in March 2026, marking the seventh consecutive month of growth, according to Enterprise Singapore. The strong performance was largely fueled by surging global demand for artificial intelligence infrastructure and electronics components.
This latest expansion follows a 4% rise recorded in February, reflecting sustained momentum heading into the second quarter. Cumulative NODX growth for the first quarter of 2026 reached 9.6%, signaling broad-based resilience in Singapore's export sector despite an uneven global trade environment.
The electronics segment led the charge, buoyed by accelerating AI-driven procurement of servers, communication equipment, and other high-performance computing components. As businesses and governments worldwide race to build out AI capabilities, Singapore's role as a key electronics supplier has become increasingly vital to regional and global supply chains.
China emerged as one of the most significant growth markets during the period, ramping up its AI infrastructure investments at a substantial scale. The country's appetite for advanced server systems and network hardware translated directly into stronger Singaporean export volumes, reinforcing the bilateral trade relationship between the two economies.
Other top-performing destinations included Hong Kong and Taiwan, both of which recorded notable increases in import volumes from Singapore. These markets continue to serve as critical hubs in the broader Asia-Pacific technology supply network.
However, not all trade lanes experienced gains. Exports to Indonesia, the European Union, Thailand, and the United States declined during March, highlighting geographic divergences tied to differing economic conditions, policy environments, and demand cycles in those regions.
Overall, Singapore's export performance in early 2026 underscores the growing economic influence of artificial intelligence as a driver of international trade, positioning the city-state as a key beneficiary of the global AI investment wave.
