| Asset | Level | Change |
|---|---|---|
| Shanghai Composite | 4,124.19 | +0.38% |
| CSI 300 | 4,660.44 | +0.27% |
| Hang Seng | 25,408.46 | -1.35% |
| TAIEX | 32,110.42 | -4.43% |
| USD/CNY | 6.91 | +0.13% |
| USD/HKD | 7.82 | +0.01% |
| Copper | 5.90 | +2.49% |
| Brent Crude | 88.69 | -4.32% |
| Gold | 5,148.70 | +0.05% |
| Bitcoin | 68,996.34 | +4.59% |
| China 2Y Govt Yield | - | - |
| China 10Y Govt Yield | - | - |
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
| Data | Prior | Cons | Time |
|---|---|---|---|
| Exports Year-over-Year | 6.60 | 7.10 | 19:00 |
| Imports Year-over-Year | 5.70 | 6.30 | 19:00 |
| Trade Balance | 114,100m | 179,600m | 19:00 |
| New Yuan Loans | 4,710,000m | 979,000m | 01:00 |
Greater China equity markets showed mixed results amid policy signals and global uncertainties. Mainland China's Shanghai Composite rose 0.38% to 4,124.19, supported by consumer sector gains, while the CSI 300 advanced 0.27% to 4,660.44 on blue-chip stability. Hong Kong's Hang Seng fell 1.35% to 25,408.46, pressured by property declines despite USD/HKD stability at 7.82 with a 0.01% change.Taiwan's TAIEX dropped 4.43% to 32,110.42, hit by semiconductor volatility tied to cross-strait tensions and supply chain risks. Currency moves were modest, with USD/CNY up 0.13% to 6.91 as the PBoC guided the yuan. China's latest CPI YoY stood at -0.10%, indicating deflationary pressures.Copper climbed 2.49% to 5.90, a growth proxy, while Brent crude fell 4.32% to 88.69 amid energy fluctuations. Bitcoin rose 4.59% to 68,996.34, and gold edged up 0.05% to 5,148.70 as a safe haven.
China releases February exports YoY at 19:00 ET, with consensus at 7.1% versus prior 6.6%, gauging global demand amid frictions. Imports YoY is expected at 6.3% from 5.7%, reflecting consumption and commodity trends. Trade balance is forecasted at 179.6 billion yuan, up from 114.1 billion, signaling potential surplus growth.New yuan loans, due at 01:00 ET on March 14, are projected at 979 billion yuan from 4.71 trillion, highlighting credit dynamics for Q1. No major releases from Hong Kong or Taiwan, but cross-strait news could sway sentiment. These data will inform views on Greater China's external sector and yuan policy.
Beijing's "two sessions" highlight priorities like tech self-reliance and rare earths security. Xi's inspection emphasized one-China principle and 1992 Consensus for Taiwan unity. Hong Kong's budget focuses on AI innovation, tourism revival, and talent attraction, with calls to extend stock trading hours for competitiveness.Proposals for 33% higher MPF contributions may strain businesses. Taiwan's foreign minister warned of Chinese intimidation risking 90% of advanced chip supplies and global stability. China's CATL reported 42% profit surge to 72.2 billion yuan on battery market gains.Local governments subsidize OpenClaw AI despite security concerns. Lunar New Year travel is estimated at 9.5 billion trips, boosting consumption.
U.S.-China tensions rise over Taiwan, with models estimating $10 trillion costs from potential conflict disrupting AI and economy. Taiwan vows not to escalate but won't yield to intimidation, stressing semiconductor chain threats. Hong Kong links with Shanghai on blockchain for cargo data to cut trade finance costs.Middle East conflicts, including US-Israel war on Iran, strand Hongkongers, with some facing high exit costs from Dubai. Hong Kong news includes Jimmy Lai not appealing sedition conviction, wetland petroleum spikes post-oil spill, and minor legal cases like a lawmaker fined for traffic violation. China's EV edge aids firms like CATL amid global battery demand.
China's PBoC held benchmark lending rates steady, balancing growth support with yuan tolerance amid slowdown. The bank emphasizes liquidity without immediate cuts, per its report and "two sessions" signals. Hong Kong's HKMA maintained USD/HKD peg at 7.82 without interventions, despite property pressures, and collaborates on blockchain with mainland regulators for trade efficiency.Taiwan's CBC kept rates unchanged, prioritizing FX stability amid export and cross-strait risks, with no policy shifts signaled. Central banks in Greater China focus on stability over easing, led by PBoC's yuan guidance.