Philippine Peso, Korean Won, Thai Baht More Vulnerable to Further Oil-Price Spikes
0217 GMT — The Philippine peso, Korean won and Thai baht are more vulnerable in Asia to further oil-price spikes, four members of MUFG Bank's Global Markets Research say in a note. They cite the bank's analysis of how oil-price increases could affect Asia's foreign-exchange markets. MUFG Bank's scenario analysis shows an oil-price increase of $10/bbl would reduce Asia's current account positions by 0.2% to 0.9% of GDP. The scenario analysis also shows that Asia's CPI will likely rise by 0.1 to 0.8 percentage point for every $10/bbl increase in oil prices. USD/PHP rises 0.8% to 57.56, USD/KRW adds 0.6% to 1,380.73 and USD/THB is 0.5% higher at 32.95, LSEG data show. (ronnie.harui@wsj.com)
0125 GMT — The dollar strengthens against most other G-10 and Asian currencies in the morning session after the U.S. strikes on Iran's nuclear sites over the weekend. 'The USD lifts because the USD is a safe haven and the U.S. is a net energy exporter,' CBA's Global Economic & Markets Research team says in a note. 'How high the USD lifts is now in the hands of political and military leaders in the U.S., Israel and Iran,' the team adds. The ICE USD Index is up 0.4% to 99.06, USD/KRW adds 0.7% to 1,383.73, and AUD/USD falls 0.4% to 0.6427, according to FactSet data. (ronnie.harui@wsj.com)
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Saudi Arabia Smart Cities Market to Surge from USD 22.2 Billion to USD 112 Billion by 2032 - Meticulous Research®
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Download PDF Brochure: Sculpting Efficiency: Aerodynamic Body Kit Market While aerodynamics has always been crucial in motorsports, the rise of EVs has made drag reduction a mainstream design priority. Aerodynamic body kits—including air dams, side skirts, rear diffusers, active grille shutters, and wheel arch fairings—play a pivotal role in range optimization. In 2024, the aerodynamic body kit market is estimated at USD 5.4 billion and is forecast to reach USD 16.9 billion by 2034, expanding at a strong CAGR of 12.2%. This growth is supported by: Increased EV production, where lower drag equals higher range Lightweight material advances (carbon fiber, thermoplastic composites) Consumer interest in sporty aesthetics and energy efficiency Top players include Roush Performance, Polytec Group, Seibon Carbon, Vorsteiner, and Magna International. OEMs such as Tesla, Lucid, and Rivian design body kits in-house to maximize coefficient of drag (Cd) reductions without compromising structural safety. Examples include: Tesla Model S achieving a 0.208 Cd with underbody panels and air curtains Hyundai Ioniq 6 achieving 0.21 Cd using flush door handles and active spoilers Mercedes EQS boasting a 0.20 Cd with its slippery, cab-forward body form The aftermarket is also booming, with EV-focused performance kits designed to blend function with personalization. Download PDF Brochure: 66946 Market Segmentation Overview By Product Type: Sunroofs (Pop-up, Spoiler, Panoramic, Solar) Automotive Glass (Standard, HUD-integrated, Electrochromic) Body Kits (OEM Aerodynamic Kits, Custom Performance Kits) By Material: Laminated & Tempered Glass Polycarbonate Panels Carbon Fiber & Composites Thermoplastics & Reinforced Plastics By Vehicle Type: Passenger EVs Luxury & Performance EVs SUVs and Crossovers Commercial & Fleet Vehicles By Region: North America (strong in aftermarket and HUD adoption) Europe (aerodynamic regulatory compliance and premium features) Asia-Pacific (high EV penetration, glass manufacturing hubs) Buy Now: Key Players to Watch Webasto Group Inalfa Roof Systems Yachiyo Industry Co. Inteva Products CIE Automotive AGC Inc. 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