PETALING JAYA: JP Morgan sees Malaysia and China as among the most resilient Asian economies in the face of a global energy shock. In light of the current oil crisis, Rajiv Batra, JP Morgan’s head of Asia and co-head of global emerging markets equity strategy, noted that “within Asia, beyond China and Malaysia, everyone looks vulnerable”. Then comes China, Rajiv said. So I will say right now, equity markets are not pricing in the worst-case scenario. Both benchmarks hit levels not seen since July 2022, when Russia’s invasion of Ukraine rattled global energy markets.During the session, US crude briefly topped US$100.04 before pulling back slightly.

Source: The Star March 30, 2026 16:25 UTC