Chinese Loan Prime Rate 5Y (Jul) 3.50% vs. Exp. 3.50% (Prev. 3.50%)
The Chinese Loan Prime Rate came in line with expectations, maintaining the rate at 3.50%.
IRGC says two oil tankers were blown up after attempting to transit the southern route in the Strait of Hormuz
PBoC sets USD/CNY mid-point at 6.7948 vs exp. 6.7821 (prev. 6.7934)
Chinese Loan Prime Rate 5Y (Jul) 3.50% vs. Exp. 3.50% (Prev. 3.50%)
Blasts reported at US bases in Kuwait and Bahrain, according to YJC News Channel
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Hon Hai (2317 TT) has broken Dell (DELL) and Super Micro's (SMCI) duopoly by winning its first contract to manufacture SpaceX's (SPCX) next-generation AI servers powered by NVIDIA's (NVDA) GB300
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This stability suggests no immediate shift in monetary policy, which may support the current economic outlook. Traders should consider the implications for the Yuan and overall risk sentiment in the region, especially amid broader economic concerns.
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