S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe offshore yuan strengthened to around 6.95 per dollar on Monday, reversing the previous week’s losses and approaching a thirty-three-month high, after a strong manufacturing PMI data boosted sentiment. A private survey showed China’s factory activity expanding at its fastest pace since October, driven by faster production and front-loading of shipments ahead of the extended Lunar New Year holiday.
It contrasted with the official readings, which slipped back into contraction territory. Meanwhile, foreign exchange settlement demand remained strong and the central bank’s measured guidance through its daily fixings continued to support the yuan. In addition, expectations of an accelerated push for yuan internationalization are rising after Xi Jinping emphasized building a strong financial system with a globally influential currency. Highlighted in a state publication, his remarks stress risk control, central bank strength, and reforms to support the real economy amid a weakening dollar.
