Asian & Global Macro: Property, Currency & IPOs
A cluster of macro signals from Asia: Vietnam mulls banning foreigner home purchases, Australian property slides, Korean won faces volatility despite recent gains, and SE Asia sees a $1B IPO wave.
What we know
Vietnam is considering barring foreigners from buying homes as locals struggle with rising prices. Australian property prices are sliding under tax pressures and rising rates. The Korean won is facing geopolitical and AI-related outflow pressure despite a third straight month of gains and strong export data. Southeast Asian IPO activity is picking up pace with a $1B offering. Japan is cracking down on untraceable gold exports to curb tax evasion. Tokyo luxury rents hit record highs as Asian brands expand in Ginza and Shibuya.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.