Equity benchmark indices rebounded sharply on Wednesday after an eight-day slump, with the Sensex jumping 715.69 points, helped by buying in bank and financial stocks after the RBI left key interest rates unchanged and revised upward its growth estimates for the current fiscal to 6.8 per cent.Photograph: Francis Mascarenhas/ReutersThe 30-share BSE Sensex jumped 715.69 points or 0.89 per cent to settle at 80,983.31.During the day, it surged 800.81 points or 0.99 per cent to 81,068.43. The 50-share NSE Nifty ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **Asian export prices** and the implications for the region's economic outlook post-COVID-19 pandemic [1][36]. Core Insights and Arguments - **Export Price Trends**: After the initial surge in export prices due to demand and supply chain disruptions, Asian export price inflation has eased significantly as supply chains normalized [1][3]. - **Divergence in Export Prices**: While USD export price inflation in Japan and Emerging Markets Asia excluding China and India (EMAX) returned to near zero, China experienced persistent export price deflation due to price cuts and currency depreciation [3][4]. - **Rebound in Chinese Export Prices**: Year-to-date data through June 2025 indicates a rebound in Chinese export prices, contrasting with flat or declining prices in Japan and EMAX [3][4]. - **Impact of Currency Fluctuations**: The appreciation of local currencies against the USD has led to a significant decline in local currency export prices, squeezing profit margins for exporters in Japan and EMAX [4][5]. - **Broad-Based Price Declines**: The decline in local currency prices is widespread across EMAX, with Malaysia being an exception where exporters adjusted USD prices to offset currency strength [5][6]. Important Data Points - **Export Price Changes**: - Japan: Local currency prices decreased by 14.7% year-to-date, while USD prices fell by 3.3% [6]. - China: Local currency prices increased by 5.8%, with USD prices up by 8.8% [6]. - EMAX: Local currency prices down by 12.4%, USD prices down by 1.1% [6]. - **Profit Margin Pressures**: The year-to-date decline in local currency export prices is likely pressuring profit margins for Asian exporters, particularly if they have to absorb US tariff hikes without currency support [11]. Additional Insights - **Front-Loading of Export Volumes**: A strategy of front-loading export volumes to the US may be sustaining profits, but a reversal could lead to lower trade volumes and profits [11]. - **Tariff Implications**: Japanese exporters have already reduced USD export prices in anticipation of tariffs, especially in the automotive sector, indicating a proactive approach to potential trade barriers [11]. This summary encapsulates the key points from the conference call regarding Asian export prices and their implications for the region's economic landscape.