November 27, 2024 05:06 GMT
CHINA: Country Wrap: Industrial Profits’ Decline Continues.
CHINA
- Industrial Profits’ Decline Continues (source: MNI – Market News).
- Central Bank Withdraws Liquidity in Mornings Operations (source: MNI – Market News).
- Chinese companies’ foreign-currency debt load has shrunk significantly, reducing a key source of vulnerability as the yuan faces growing uncertainties under Donald Trump’s second presidency (source: BBG)
- Following three days of decline, equity markets rebounded today with the CSI 300 up +0.90%, Hang Seng +0.40%, Shanghai +0.50% and Shenzhen +0.60%.
- CNY : Yuan Reference Rate at 7.1982 Per USD; Estimate 7.2540
- Bonds: China’s 10-year Government Bond declined -0.5bp to 2.05%.
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