Greater China Macro Daily(Beta Mode)
China FDI Improves, TAIEX Surges 2.75%
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Shanghai Composite | 4,090.48 | -0.43% |
| CSI 300 | 4,941.60 | +0.21% |
| Hang Seng | 23,768.52 | -0.65% |
| TAIEX | 47,741.51 | +2.75% |
| USD/CNY | 6.79 | +0.31% |
| USD/HKD | 7.84 | +0.05% |
| Copper | 6.12 | -3.64% |
| Brent Crude | 76.88 | -1.31% |
| Gold | 4,129.00 | -1.26% |
| Bitcoin | 62,517.87 | -2.24% |
| China 2Y Govt Yield | - | - |
| China 10Y Govt Yield | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| FDI (YTD) Year-over-Year | -10.30 | - | -8.60 |
China Exports YoY | Type: macro_line | YoY %: 13.75 (2026-04-01) | Range: -14.55–39.64 | Trend(6pt): 20.5,6.06,-0.4972,5.406,0.9285,13.75
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- China FDI (YTD) YoY improved to -8.6% in May from -10.3% prior, signalling modest stabilisation in investment inflows.
- TAIEX rallied 2.75% while Shanghai Composite fell 0.43% and Hang Seng declined 0.65%, highlighting divergent regional equity performance.
- PBoC kept the 1Y LPR at 3.0% and USD/CNY rose 0.31% to 6.79 amid steady liquidity conditions.
Yesterday's Recap
China released May FDI (YTD) YoY data showing an improvement to -8.6% from -10.3% previously, pointing to a slower pace of contraction in inbound investment. Mainland equities diverged as the Shanghai Composite slipped 0.43% to 4,090.48 while the CSI 300 edged up 0.21% to 4,941.60 on selective buying. Hong Kong’s Hang Seng Index fell 0.65% to 23,768.52 as investors digested mixed external signals.
Taiwan’s TAIEX jumped 2.75% to 47,741.51, driven by continued strength in semiconductor names. USD/CNY climbed 0.31% to 6.79 while USD/HKD held near 7.84 inside the peg band. Copper dropped 3.64% to 6.12, reflecting softer near-term China demand expectations.
Brent crude eased 1.31% and gold declined 1.26%, with Bitcoin falling 2.24%.
The Day Ahead
No major data releases are scheduled for mainland China, Hong Kong or Taiwan today or tomorrow. Markets will monitor PBoC open-market operations for any liquidity signals after the recent LPR hold. HKMA aggregate balance and USD/HKD movements will be watched for peg stability.
Taiwan semiconductor export momentum and local margin debt trends remain in focus following the TAIEX surge. Property policy updates from Beijing could influence sentiment if fresh measures surface.
Other Economic Notes
Beijing issued new rules mandating higher renewable consumption as part of its energy transition strategy. Export controls were placed on two US rare-earth firms in retaliation for Pentagon supply-chain restrictions. Property-sector stabilisation measures, including an expanded white-list of developers, continue to underpin selective equity support.
Consumption-boosting policies remain central to the State Council’s growth agenda amid still-weak domestic demand.
Global Macro News
ECB President Lagarde called for international talks on yuan valuation, prompting pushback from Chinese officials. The Australian dollar held gains versus the yen after the PBoC decision to keep rates unchanged. A US tech fund increased China exposure in a contrarian move, citing attractive valuations.
<i>↓ p.2</i>
