Asia Economics & Strategy Daily: EM Strategy Weekly, ID Trip Note, MY MPC, CN Fiscal & Inflation, KR Response Fund

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Asia Economics & Strategy Daily: EM Strategy Weekly, ID Trip Note, MY MPC, CN Fiscal & Inflation, KR Response Fund

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10 Jul 2026 01:22:00 ET │ 12 pages

Asia Economics & Strategy Daily

EM Strategy Weekly, ID Trip Note, MY MPC, CN Fiscal & Inflation, KR

Response Fund

EM Asia Economics & Strategy

CITI'S TAKE

Johanna Chua AC

EM Strategy Weekly - A Recalibration in the MoU Trade; EM Asia Strategy +852-2501-2357

(Indonesia) - Indonesia Trip Note: Striving for Stability; Malaysia - MPC More johanna.chua@citi.comConfident on Growth, Still Vigilant on Inflation; China - Austerity Now,

ACAcceleration Later?; A Plateauing Inflation Path in 26H2E after Energy Rohit Garg

Shock?; South Korea- Future Response Fund to Provide Larger Room for +65-6657-3471

2027 KTB Issuance Reduction; Upcoming events: JP PPI. rohit.garg@citi.com

EM Strategy Weekly - A Recalibration in the MoU Trade Gordon Goh

Samiran ChakrabortyOn the Iran/US events over the past 24 hours, it is important to note the US also

revoked a waiver on new sales of Iranian oil. That is significant for the Iranian regime, Xiangrong Yu

in the current macro context. Given the price relief on Brent over the past weeks, the

8-9% upside reaction over the past few days makes sense in our view. Recent Adrienne Lui

geopolitical developments are serving as a good moment for further down

recalibration in risky positions (especially among the EM liquid positions). In the Josh Williamson

context of EM curves, more specifically CEE curves, the retracement in received Wei Zheng Kit

positions may continue as flows tried to capitalise on the recent lower CPIs, so we

expect some reflux in CZK and HUF receivers at this point. In Latam, the clear bias is Helmi Arman

still on the FX side of things.