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 hovered around the 7 per dollar mark, trading near its highest in fifteen months, as seasonal year-end demand persisted and a broadly weaker US dollar added support. Exporters typically convert more foreign currency into yuan at year-end to meet payments and administrative requirements, a trend likely to continue into January ahead of the Lunar New Year. Additionally, the greenback remained under pressure as investors awaited the Fed Reserve’s December meeting minutes for clues on the path of interest rates. However, the yuan’s rapid advance prompted Chinese state media to warn against one-way bets, signaling growing official concern over the pace of gains. The People’s Bank of China also pledged to curb “overshooting risks” and has set its daily fixing below market expectations for the past two weeks. The yuan has gained more than 4% this year, its biggest annual rise since 2020, crossing 7 per dollar in offshore trade last week for the first time in over a year.
