News

According to Nikkei: Mazda has suspended production of cars for the Middle East market in Japan until May.

According to Yonhap News Agency: South Korea’s Ministry of Industry, Trade and Energy stated that the United States’ revised metal tariffs may have an uneven impact on various industries in South Korea. The specific impact varies by product.

Forty-one miners were trapped after Ukraine launched an attack on the Russian-controlled Luhansk region, local officials said.

Bank of Japan official: The report is mainly based on interviews with companies as of late March.

Bank of Japan official: More companies are worried about the future impact of the Middle East conflict than are worried about the current direct impact.

Bank of Japan: Many places said companies continue to pass on rising labor and distribution costs.

Bank of Japan: Some regions are concerned that rising energy prices and rising inflation will trigger wider supply disruptions and damage household and business confidence.

Bank of Japan: Some regions say the impact of the conflict in the Middle East has been felt through soaring oil prices and supply disruptions.

The Bank of Japan maintained its assessment of nine Japanese regions in its quarterly report.

The final value of India's services PMI in March was 57.5, which was expected to be 57.4 and the previous value of 57.2.

India's final composite PMI value in March was 57, compared with the previous value of 56.5.

Founder of AirAsia X: Not affected by fluctuations in the ringgit exchange rate; oil prices are the most critical factor.

India's NIFTY pharmaceutical index fell 1.2%.

India's NIFTY index turned lower and is now down 0.12%.

Federation of Indian Automobile Dealers Association (FADA): Dealers warned that the risk of economic slowdown, supply disruptions from OEMs, and fuel price pressure are the main headwinds in the April-June quarter.

Federation of Indian Automobile Dealers Association (FADA): Two-wheeler retail sales increased by 28.68% year-on-year in March.

Federation of Indian Automobile Dealers Association (FADA): Things to be wary of in the near future include supply disruptions caused by West Asia and fuel price sensitivity.

Federation of Indian Automobile Dealers Association (FADA): Photovoltaic inventory has returned to normal, about 28 days.

Federation of Indian Automobile Dealers Association (FADA): Overall automobile retail sales increased by 25.28% year-on-year in March.

Federation of Indian Automobile Dealers Association (FADA): Commercial vehicle retail sales increased by 15.12% year-on-year in March.