Highlights:

• Soaring Crude, Weak Rupee Put Pressure on India's Forex Reserves — The RBI is intervening more frequently to support the rupee amid oil price pressures.

• Sunway Healthcare Soars After Biggest Malaysia IPO in Nine Years — Sunway Healthcare shares jumped nearly 32% on debut after raising 2.86 billion ringgit ($731 million) in Malaysia's largest IPO since 2017.

• Monitoring Inflationary Impact of Middle East Conflict, Invesco Says — Invesco notes it typically takes four to five months for oil prices and equities to stabilize after supply shocks, while monitoring headline inflation risks from Middle East developments.

• Libya Redirects Oil Flows After Sharara Pipeline Leak and Fire — Libya's National Oil Corp. reported a fire following a pipeline leak from the country's largest oil field.

• PetroChina Keeps Downstream Gas Offers Stable Despite War Risks — PetroChina will maintain largely unchanged contract prices this year to shield industrial consumers from surging global energy costs.

• Hong Kong Regulatory Scrutiny Puts Share Sale Boom at Risk — Intensifying regulatory scrutiny threatens to slow Hong Kong's booming IPO activity.

• Apollo Makes First Hire for Singapore's $1 Billion Private Fund — Apollo Global Management has made its first dedicated hire for a $1 billion private credit fund targeting Singapore's high-growth enterprises.

• Data Center Firm DayOne Seeks to Boost Loan to Record $7 Billion — DayOne Data Centers is seeking to double an existing loan to $7 billion, which would be Asia's largest sector borrowing.

• Ringgit Hits Strongest Level Versus Singapore Dollar Since 2021 — Malaysia's ringgit reached its strongest level against the Singapore dollar in five years, supported by higher energy prices and AI optimism.

• Nvidia Says Company Firing Up H200 Production for China — Nvidia CEO Jensen Huang says the company has licenses for many Chinese customers and is restarting H200 manufacturing.