PBoC is expected to set USD/CNY mid-point at 6.9734 (prev. 6.9849)
The PBoC's decision to set the USD/CNY mid-point at 6.9734, lower than the previous rate of 6.9849, indicates a slight strengthening of the yuan.
US President Trump has been briefed on a range of military and covert options against Iran, according to CBS News; however no final decision has been made and diplomatic channels remain open
China examines foreign ETF trades after Jane Street India probe, Bloomberg reports
PBoC is expected to set USD/CNY mid-point at 6.9734 (prev. 6.9849)
SK Hynix (000660 KS) to spend KRW 19tln on South Korea chip packaging facilities, Bloomberg reports
[MARKET UPDATE] Nikkei 225 opens +3.8% as participants return from the public holiday; ASX 200 holding onto earlier gains (+0.6%)
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This move could imply a more supportive stance from the central bank towards stabilizing the currency, potentially impacting trade flows and investor sentiment for Chinese assets amidst ongoing global dynamics.
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