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Turkey 10-year bond yield surges to 28.8% amidst monetary policy shift

The central bank's decision to maintain a high key interest rate of 50% for the fifth straight meeting underscores its commitment to controlling inflation, despite the recent sharp drop in inflation rates. Concerns about the oversupply of the lira, fueled by high interest rates and foreign investment, continue to pose challenges to Turkey's economic stability.

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Nikkei stock average rebounds on weaker yen and technology boost

During the trading session, the Nikkei surged by over 2% before settling at its final figure. The broader Topix index also experienced gains, rising 1.1% to end the day at 2,670.54. The upward movement in the Nikkei was driven by domestic tech stocks tracking their U.S. counterparts higher, contributing to the overall positive performance of the benchmark index.

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Japanese and South Korean companies set to invest in Indonesia’s new capital Nusantara

Minister Lahadalia confirmed that leading companies from Japan and South Korea have committed to substantial investments in various sectors crucial to Nusantara’s development. These investments are expected to accelerate progress on infrastructure, technology, and sustainable urban planning, aligning with the Indonesian government’s vision for a modern, eco-friendly capital

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