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Due to expectations that US interest rates will remain high, the US dollar continued its upward trend and reached its highest level of the year, putting pressure on broader risk assets. The MSCI Emerging Markets Currency Index fell by 0.3%, dropping to its lowest level since early April, with a cumulative decline of more than 1% over the past five trading days. As the US dollar set the longest streak of gains in more than a month, the index at one point erased all gains achieved so far this year. The Bloomberg Dollar Spot Index has risen nearly 2.3% so far this month. Almost all emerging market currencies have weakened against the US dollar, with the Israeli shekel and Malaysian ringgit among the few exceptions. The shekel rose 0.2% against the US dollar, but still significantly weakened this month. Expand

This financing will be used to support a series of growth plans and development initiatives of the group.

The agreement includes a revolving credit facility with a total amount of up to $1.15 billion, providing the company with a flexible channel for accessing funds. In addition, the agreement also sets out several term loans with different maturities and conditions. These financing arrangements are designed to enhance the company's financial flexibility and working capital strength, supporting the ongoing development and strategic planning of its warehousing and logistics real estate trust business.