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09.03.26 - 05:37
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Price Controls Arrive: South Korea, Taiwan Impose Fuel Price Cap (ZeroHedge)
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Price Controls Arrive: South Korea, Taiwan Impose Fuel Price Cap
It's a bloodbath across Asian markets this morning with Asia being the world's largest oil-importing region. Based on a Goldman analysis of the impact of higher oil on real GDP growth (chart below), China is the most insulated from supply-driven oil price increases compared to other emerging Asian economies, with $15/bbl higher crude oil prices leading to 0-0.1pp lower GDP growth and 0.1-0.2pp higher headline CPI inflation. This resilience is partly due to the country's economic structure and the potential for government intervention to dampen the pass-through of global price increases to consumers. Increased oil stockpiling last year - some estimates put China's strategic oil resere at 1.5 billion barrels - and very low inflation over the past few years also make China less vulnerable to rising energy prices.
Conversely, Singapore, followed by Taiwan and Korea, will bear the brunt of it with a -1.6% hit to GDP growth and thi...
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01.09.25 - 10:42
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Tesla sees exodus of South Korean retail investors as crypto′s allure rises (SCMP)
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South Korea's retail investors are losing faith in Tesla's stock, ramping up their selling last month amid growing disillusionment with the electric carmaker and rising interest in cryptocurrencies.
Individual investors in South Korea sold a net US$657 million of Tesla stock in August, the largest outflow since at least early 2023, according to Bloomberg calculations of depository data.
Investors have instead favoured even more volatile bets such as Bitmine Immersion Technologies, seen as a......
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