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 traded around 6.93 per dollar on Wednesday, hovering near its highest level since May 2023, mainly buoyed by a strong daily fixing and a weakening greenback. The central bank set the midpoint rate at 6.9755 per dollar, its firmest level since May 2023 and more than 100 pips stronger than the previous session, which marked the biggest single-day change since August. The latest move highlighted the central bank’s cautious approach, supporting controlled appreciation while discouraging rapid speculative bets. Externally, the yuan found additional support from a softening greenback after US President Donald Trump downplayed recent currency movements, noting the dollar had not fallen significantly. The yuan was also further supported by strong currency settlement ahead of the Lunar New Year. Meanwhile, investors are turning their attention to upcoming PMI releases, with both official and private surveys expected to offer fresh insights into China’s economic activity.
