Artificial intelligence should not be dominated by a single country, China's President Xi Jinping said Friday, urging international cooperation on its development at a major conference in Shanghai.

Chinese AI startup DeepSeek is planning to launch a fresh fundraising round at a valuation of about 500 billion yuan (US$74 billion) ahead of a potential mainland initial public offering, two people with knowledge of the matter said.

Plane manufacturers must build nearly 44,000 new planes over the next two decades to meet new growth and replace older planes, according to Boeing's new annual forecast.

Finance Minister Purbaya Yudhi Sadewa said the financial center, known as PFII, is expected to draw foreign investment and help accelerate the country's growth.

Indonesia has for a long time sought to develop ​its financial sector and hopes to provide wealth management services to rival ​neighboring Singapore, where many rich Indonesian families choose to invest.

As government bond yields crept up to multi-decade highs since June, the administration was forced to tweak the blueprint's language on monetary policy several times.

The reprieve ​comes at a fragile moment for Southeast Asia's biggest economy as the still-looming threat of a downgrade from index provider MSCI has made Jakarta stocks, ‌Asia's worst-performing major stock market this year, down 28 percent.

Brent crude hit on Monday its highest price since June due to renewed fighting between the United States and Iran, while Asian equities were mixed as investors weighed the fallout of a prolonged Middle East war.

Most Asian stocks sank on Thursday as tech firms came under renewed pressure from worries over the AI boom, with Seoul again taking the brunt of the selling, while oil prices rose further as the US and Iran continued to trade strikes.