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 7.09 per dollar on Wednesday, hovering near a one-year high as optimism persisted ahead of the highly anticipated meeting between Presidents Donald Trump and Xi Jinping. Trump indicated that he expects to reduce fentanyl-related tariffs on China ahead of the meeting in South Korea later this week, following reports that the Washington may slash the existing 20% tariffs on fentanyl-linked exports by half in exchange for Beijing tightening controls on chemicals used in fentanyl production. Over the weekend, top officials from both countries reached a preliminary agreement on critical issues, including export controls, fentanyl regulation, and shipping levies. A potential deal could ease tariffs and modify Chinese export restrictions, alleviating investor concerns regarding the world’s two largest economies. Domestically, investor attention now shifts to upcoming PMI releases, with official data scheduled for this week and private surveys set for next week.
