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investingLive Asia-Pacific market news: Asian equities sold heavily, Kospi down 7%

BoE’s Greene warns waiting for second-round inflation effects would be too late Goldman sees Europe reserve release cutting diesel by $11 but shrugs off Russian supply Australian business confidence slides to -13 as oil shock and rate hikes bite, NAB says Just 32 countries now drive 95% of global growth as AI widens the gap, IMF warns Kospi plunges more than 6% below 6,000 as chip selloff and oil…

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Australian business confidence slides to -13 as oil shock and rate hikes bite, NAB says

Oil is the main pressure point: volatility tied to Houthi attacks on Saudi Arabia and the broader Iran conflict is lifting costs and denting sentiment, so any further energy spike would likely push confidence lower still. The survey highlights the RBA’s dilemma, with businesses souring under higher funding costs even as the central bank, according to minutes released today, worries about domestic…

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Just 32 countries now drive 95% of global growth as AI widens the gap, IMF warns

Oil is the pivot of the whole outlook: the IMF’s base case assumes the Strait of Hormuz reopens in March 2027, so any slippage in that timeline or escalation toward its $130 scenario would hit growth and lift inflation, keeping central banks on a hawkish path. The higher oil price assumptions, at $96 a barrel this year and $87 next, effectively validate a prolonged risk premium in crude.…

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