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CHINA: Country Wrap:  China Tariffs Not off the Table. 

CHINA
  • Taiwan’s December exports were up +20.8% YoY, marking the largest expansion since February 2022. (source: MNI – Market News)
  • Trump Says He Could Hit China With 10% Tariff From Next Month (source: BBG)
  • CNY: Yuan Reference Rate at 7.1696 Per USD; Estimate 7.2659
  • Suggestions that China tariffs are  not off the table rocked the major China bourses, all down today with the Hang Seng -1.30%, CSI 300 -0.95%, Shanghai -0.91% and Shenzhen -1.04%.
  • Bonds:  yields resumed their decline with the 10YR 1.647% (-2.5bps)
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  • Taiwan’s December exports were up +20.8% YoY, marking the largest expansion since February 2022. (source: MNI – Market News)
  • Trump Says He Could Hit China With 10% Tariff From Next Month (source: BBG)
  • CNY: Yuan Reference Rate at 7.1696 Per USD; Estimate 7.2659
  • Suggestions that China tariffs are  not off the table rocked the major China bourses, all down today with the Hang Seng -1.30%, CSI 300 -0.95%, Shanghai -0.91% and Shenzhen -1.04%.
  • Bonds:  yields resumed their decline with the 10YR 1.647% (-2.5bps)