Greater China Macro Daily(Beta Mode)
CSI 300 and TAIEX Surge as Yuan Firms
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Shanghai Composite | 3,867.03 | +0.07% |
| CSI 300 | 4,717.24 | +4.15% |
| Hang Seng | 25,132.29 | -0.04% |
| TAIEX | 44,232.87 | +4.20% |
| USD/CNY | 6.76 | -0.13% |
| USD/HKD | 7.84 | -0.00% |
| Copper | 6.49 | -0.31% |
| Brent Crude | 93.88 | +3.15% |
| Gold | 4,135.00 | +1.57% |
| Bitcoin | 65,977.81 | -0.79% |
| China 2Y Govt Yield | - | - |
| China 10Y Govt Yield | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
China Exports & Imports | Type: macro_line | Exports (USD bn): 13.75 (2026-04-01) | Range: -14.55–39.64 | Trend(5pt): 24.38,0.5134,0.6066,0.7746,13.75 | Imports (USD bn): 25.05 (2026-04-01) | Range: -21.28–29.91 | Trend(5pt): 29.91,-1.354,1.57,7.315,25.05
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- CSI 300 climbs 4.15% and TAIEX gains 4.20% on semiconductor and domestic demand strength
- USD/CNY drops to 6.76 after PBoC fixing at 6.7933, supporting yuan in Thai trade flows
- HKMA completes successful 20-year and 3-year government bond tenders with strong demand
Yesterday's Recap
Mainland China equity benchmarks posted divergent moves, with the CSI 300 advancing 4.15% to 4,717.24 while the Shanghai Composite edged up just 0.07% to 3,867.03. Taiwan’s TAIEX rose 4.20% to 44,232.87, reflecting continued strength in the semiconductor supply chain. Hong Kong’s Hang Seng Index finished nearly flat at 25,132.29.
The USD/CNY rate declined 0.13% to 6.76, consistent with the PBoC’s daily fixing of 6.7933 and ongoing yuan adoption in Thai import settlements. No major economic data releases occurred across Greater China. HKMA conducted multiple government bond tenders, including 20-year and 3-year issues that attracted high bid-to-cover ratios.
China’s June CPI registered 1.00% year-over-year, providing a stable inflation backdrop for policy settings. Copper slipped 0.31% to 6.49 while Brent crude jumped 3.15% to 93.88 and gold rose 1.57% to 4,135.00, highlighting mixed commodity signals tied to Chinese demand.
The Day Ahead
Market participants will monitor PBoC liquidity operations and any signals from State Council meetings on growth support. HKMA aggregate balance data and USD/HKD peg dynamics remain in focus following the recent bond tenders. Taiwan’s export orders and semiconductor shipment figures are due later in the week and will influence TAIEX sentiment.
Regional equity flows may respond to any updates on EU-China trade discussions involving yuan valuation. Gold and copper price movements will continue to serve as proxies for Chinese demand expectations. USD/HKD stayed at 7.84 with negligible change, underscoring peg stability amid the HKMA’s successful longer-dated bond sales.
Other Economic Notes
China’s continued gold purchases signal official-sector diversification amid elevated global prices, with analysts viewing the pattern as a reliable leading indicator for future price rebounds. Property sector stabilization remains a key policy priority, though no fresh transaction data emerged yesterday. Cross-strait trade and investment flows showed resilience despite geopolitical tensions, supporting Taiwan’s equity outperformance.
Broader regional growth proxies such as copper, which fell 0.31%, point to still-moderate industrial activity in mainland China. Bitcoin eased 0.79% to 65,977.81 with limited linkage to Greater China risk assets.
