
China's Shanghai Composite Index fell below the 2,700 mark for the first time since February 6, before rebounding to close up 0.5% at 2,717.28 points. The CSI300 Index also saw a recovery, closing up 0.4% at 3,171.01 points. Notably, the intraday trading volume of major CSI 300 Index ETFs exceeded that of the previous trading day by midday. In Taiwan, the stock market closed down 0.8% at 21,678.84 points but later rebounded to close up 1.7% at 22,042.69 points. The Hang Seng Index in Hong Kong rose 2.0% to close at 18,013.16 points, driven by a 50-point drop in the Fed rate.
⚠️ TAIWAN OVERNIGHT INTERBANK RATE OPENS AT 0.806 PCT (VS 0.805 PCT AT PREVIOUS SESSION OPEN)
⚠️ TAIWAN CENTRAL BANK: **OUR INTEREST RATE IS STILL NOT VERY HIGH, EVEN THOUGH IT IS AT 16-YEAR HIGH NOW **RESERVE REQUIREMENT RATIO HIKE THIS TIME WOULD ABSORB T$125 BLN
50 point drop in the Fed rate triggered a 2% rise in the Hang Seng Index. The Hang Seng Properties Index (which represent real estate firms) was also up strong ^HSI 18,013.16 ↑353.14 2.00% ^HSI.P ↑2.30%



