PBoC sets USD/CNY mid-point at 7.0019 vs exp. 6.9697 (prev. 7.0014)
The PBoC's setting of the USD/CNY mid-point significantly above expectations suggests a deliberate effort to allow the yuan to depreciate, potentially to boost exports amid a challenging economic backdrop.
CK Hutchison (0001 HK) says they are aware of the media reports related to possible separate listing of health and beauty units, adds there is no certainty any transactions will happen
Samsung SDS (018260 KS) - Q4 2025 (KRW): Revenue 3.54tln (exp. 3.64tln), Operating Profit 226.1bln (exp. 240.1bln), Net Income 182.3bln (exp. 203.1bln)
PBoC sets USD/CNY mid-point at 7.0019 vs exp. 6.9697 (prev. 7.0014)
PRE-MARKET CHINESE STOCK NEWS
Apple (AAPL) China is to launch a Lunar New Year promotion, offering up to CNY 1,000 off select products, excluding the iPhone 17 series
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This adjustment could impact market sentiment, especially for commodities and risk assets, as it signals a more dovish stance from the PBoC compared to prior settings and may influence nearby trading in currencies and global markets.
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