OFFSHORE CHINESE YUAN 1-MONTH HIBOR EXTENDS INCREASE TO HIGHEST LEVEL SINCE APRIL
OFFSHORE YUAN'S OVERNIGHT HIBOR DECREASES FROM THE HIGHEST LEVEL SINCE 2021
BOLSA ÁSIA Ações da China terminam em alta com recuperação de chips; Hong Kong cai por Tencent https://t.co/lLk3tjte87 https://t.co/qOIsDk1jRv
On January 7, 2025, China's stock market activity showed a slight decrease, with turnover on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) exceeding 1 trillion yuan for the 69th consecutive trading day, although this marked a decrease of nearly 10 billion yuan from the previous day. The Shenzhen Component Index rose by 1.16%, breaking the 10,000-point threshold. In Hong Kong, the Hang Seng Index closed down 1.8% at 19,688.29, while the Hang Seng China Enterprises Index fell 0.33% to 7,135.48. The Hang Seng Tech Index experienced a decline of over 2%. Notably, the Chinese AI tech firm SenseTime saw a drop of 4% after being included in the U.S. 1260H list. Additionally, southbound net buying via Stock Connect reached 10 billion yuan, indicating continued investment interest. The offshore yuan strengthened against the USD, trading at 7.3281, up nearly 300 pips, while the overnight offshore yuan HIBOR rose to 8.10273%, the highest level since June 30, 2021.
