S&P 500 — US Large Cap Index
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Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
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Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
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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 strengthened to around 6.72 per dollar on Thursday, extending overnight gains and reaching its strongest level since February 2023, as persistent weakness in the US dollar continued to support Asian currencies. The greenback remained under pressure as expectations for further Fed rate hikes eased, while the announcement of expanded bond buybacks boosted demand for longer-dated Treasuries and weighed on the dollar. However, gains in the yuan were tempered by a softer-than-expected fixing, with the PBOC setting the daily midpoint at 6.7808 per dollar, signaling authorities’ continued preference for a measured pace of currency appreciation. On the monetary policy front, the central bank kept its benchmark lending rates unchanged at record lows for a fifteenth consecutive month. The one-year loan prime rate (LPR) was held at 3.0%, while the five-year LPR remained at 3.5%, reflecting policymakers’ cautious approach amid lingering domestic and external uncertainties.
