Currencies

Korean won breaches 1,560 per US dollar for first time since 2009

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

Indonesia finance chief denies he is quitting as markets slump

Talk of Purbaya’s possible departure spread on June 4 amid deepening concerns about the country’s economy and a graft probe involving a free food programme.

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.

Rupiah breaches key psychological level as market rout deepens

The rupiah is Asia’s worst-performing currency in 2026, driven by concerns that elevated oil prices will widen Indonesia’s budget deficit through higher energy subsidy costs.

Rupiah crosses 14,000 per Singapore dollar for first time

The rupiah's slump underscores investor concern that persistently high oil prices are straining the country’s finances.

Smurfing and smuggling: How China’s rich illegally get money out of the country

Households, institutions and companies moved a record US$807 billion out of China in 2025, says one estimate.

Trump’s face could appear on US$250 bill

The proposed US$250 bill featuring US President Donald Trump.

News analysis

Thousands of kilometres from Iran war, Asia’s currencies feel the strain

Weaker currencies are pushing up prices for essentials like rice sold in Philippine public markets.

Rupiah slumps to new low as high oil prices fuel inflation fears

The rupiah also slumped to 13,804 per Singapore dollar. At this rate, its weakened about 6 per cent to the Singdollar in 2026.

More Singapore residents buying the Swiss franc for safe-haven appeal

The Swiss currency rose 7.81 per cent against the Singdollar in 2025 and has edged up a further 0.37 per cent so far in 2026.

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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.