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Stabilizes on inflows after export miss – Commerzbank

Commerzbank’s Thailand section notes May exports rose 10.6% year-on-year, below consensus and sharply slower than April’s 23.1%, with agriculture shipments weak but electronics still resilient. The government forecasts exports to grow 8% in 2026 as front-loading fades. In FX, USD/THB fell 0.2% to 33.35 on strong bond and equity inflows, though THB remains one of Asia’s weakest currencies.Baht supported by portfolio flows”Exports surprised to the downside, rising 10.6% yoy (Bloomberg consensus: 12.7%) vs 23.1% in…

Business

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Polestar blocked from US sales under China-linked vehicle crackdown

Polestar said on Thursday that the Trump administration is forcing the electric vehicle maker to stop selling vehicles in the U.S. starting with the 2027 model year under a new regulation cracking down on China-linked automakers. The Commerce Department’s Bureau of Industry and Security (BIS) declined to grant Polestar authorization…

Investing

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