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Rupiah extends slide to new low, putting pressure on Indonesia to deliver concrete steps

Following last week’s sell-off, the rupiah fell 0.7 per cent to a new low against the US dollar in early trading on June 8.

Nvidia says SK Hynix will continue to be its largest partner; pact to develop AI chips sealed

Nvidia CEO Jensen Huang and SK Group chairman Chey Tae-won at a media briefing on June 8.

Asia markets tumble as AI stock rout deepens, Iran and Israel exchange strikes; STI down 1.5%

An 8 per cent drop for South Korea’s chip-heavy Kospi benchmark triggered a 20-minute trading halt and has the index down almost 17 per cent from last week’s record high.

Won rises against Singapore dollar as South Korea unveils measures to stem its slide

The won faced mounting pressure partly from foreign investors’ continued selling of Korean equities.

How can retail investors buy shares in SpaceX’s IPO?

SpaceX said qualified international investors might be able to buy its shares, depending on the eligibility requirements in each country.

Market Insights

Tech tremors: Overpriced SpaceX IPO roils markets, Singapore tech stocks not spared

Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears

Traders working on the floor of the New York Stock Exchange, in New York City, on June 4.

Chinese investors behind Indonesia’s nickel boom scout alternatives as policy changes bite

Chinese companies that helped build Indonesia’s nickel industry into the world’s dominant producer are looking elsewhere.

Asia tech stocks slide as cracks emerge in AI rally

The sell-off was biggest in South Korea - home of Samsung and SK Hynix - where the Kospi index sank as much as 7 per cent.

News analysis

‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip

Global investors are unnerved by the more populist and interventionist agenda that President Prabowo Subianto has been pursuing.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.