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 Market
The offshore yuan traded around 6.75 per dollar on Wednesday, remaining close to its strongest level since February 2023 after the People’s Bank of China unveils fresh measures designed to deepen global usage of the Chinese currency. The central bank said it will expand access to yuan liquidity through its Foreign and International Monetary Authorities (FIMA) repo facility, enabling foreign central banks, sovereign wealth funds, and other official institutions to borrow yuan against holdings of Chinese government bonds and other eligible securities. The announcement marks another step in Beijing’s long-running campaign to internationalize the yuan and reduce reliance on the US dollar in global finance. Reflecting this ambition, China’s latest five-year plan pledged to advance yuan internationalization, while President Xi Jinping has emphasized the objective of building a strong and influential global currency.
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