S&P 500 — US Large Cap Index
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CAC 40 — French Market Index
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KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The offshore yuan held steady for a second consecutive session at 6.79 per dollar on Wednesday, holding near its strongest level since February 2023, as markets positioned themselves ahead of the highly anticipated summit between US President Donald Trump and Chinese President Xi Jinping. Over the two-day talks, the leaders of the world’s two largest economies are expected to discuss a broad agenda that includes trade relations, tariffs, AI, Taiwan, and the ongoing Middle East conflict. However, President Trump has indicated he intends to focus primarily on trade, tempering the likelihood that the Iran conflict will feature prominently in the talks. Both sides are expected to push for an extension of the current trade truce, as tariffs remain a point of tension in the two countries’ relationship. China has long criticised US measures, while the Trump administration pursues investigations into Beijing’s trade practices.
