Greater China Macro Daily(Beta Mode)
China Equities Slip Ahead of Trade Prints
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Shanghai Composite | 4,027.74 | -0.74% |
| CSI 300 | 4,816.92 | -1.79% |
| Hang Seng | 24,961.95 | -1.15% |
| TAIEX | 45,070.94 | -1.33% |
| USD/CNY | 6.76 | -0.13% |
| USD/HKD | 7.83 | -0.01% |
| Copper | 6.28 | -3.48% |
| Brent Crude | 93.09 | -2.04% |
| Gold | 4,365.30 | -2.47% |
| Bitcoin | 61,793.00 | +1.52% |
| China 2Y Govt Yield | - | - |
| China 10Y Govt Yield | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
China Exports YoY | Type: macro_line | Exports YoY %: 1.195 (2026-03-01) | Range: -13.41–39.86 | Trend(5pt): 20.5,4.577,1.416,5.768,1.195
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Trade Balance | 84,820m | 91,500m | 23:00 |
| Exports Year-over-Year | 14.10 | 14.30 | 23:00 |
| Imports Year-over-Year | 25.30 | 25 | 23:00 |
| Inflation Rate Year-over-Year | 1.20 | 1.30 | 21:30 |
| Inflation Rate Month-over-Month | 0.30 | - | 21:30 |
| Producer Price Index Year-over-Year | 2.80 | 3.80 | 21:30 |
- Shanghai Composite fell 0.74% and CSI 300 dropped 1.79% on June 6 amid property-sector concerns and thin liquidity.
- HKMA established a tokenized-bond expert group to expand digital issuance while clarifying mainland account rules.
- Taiwan inflation exceeded CBC alert levels on oil prices, reinforcing the case for further policy tightening.
Yesterday's Recap
Mainland China equity benchmarks closed lower with the Shanghai Composite at 4,027.74 (-0.74%) and CSI 300 at 4,816.92 (-1.79%). Hong Kong’s Hang Seng Index declined 1.15% to 24,961.95 while Taiwan’s TAIEX fell 1.33% to 45,070.94. USD/CNY eased 0.13% to 6.76 and USD/HKD held steady at 7.83 inside the peg band.
Copper dropped 3.48% to 6.28, Brent crude fell 2.04% to 93.09, and gold declined 2.47% to 4,365.30. No macro data releases occurred in mainland China, Hong Kong or Taiwan on June 6. HKMA statements on tokenized bonds and mainland account openings dominated regional policy headlines.
The Day Ahead
China will release May trade balance, exports and imports at 23:00 ET on June 8, with consensus pointing to a widening surplus and modest export growth. CPI and PPI prints follow on June 9 at 21:30 ET, where markets will focus on the core inflation trajectory. PBoC is expected to conduct routine 7-day and 14-day reverse-repo operations to manage liquidity.
No rate decisions or data releases are scheduled for Hong Kong or Taiwan in the immediate window. Regional equity futures point to a cautious open ahead of the trade figures.
Other Economic Notes
China’s solar sector continues to grapple with chronic overcapacity, prompting firms to pivot toward new applications and export markets. Crude imports fell to a decade-low in May as refinery runs were curtailed and domestic demand softened. Rongsheng Petrochemical is evaluating additional Canadian crude supply via the Trans Mountain pipeline.
Beijing’s push for slimmer EVs reflects efforts to curb rising battery weights and material intensity. Cross-strait semiconductor supply chains remain a focal point for both export momentum and geopolitical risk.
Global Macro News
Brazil plans to issue panda bonds during an official visit to Shanghai and Beijing later this month. AI industry groups allege China-linked social-media activity is amplifying U.S. data-center opposition.
China and New Zealand held bilateral trade talks in Beijing to expand economic cooperation. <i>↓ p.2</i>
