CHINESE CURRENCY
Yuan holds firm against dollar as seasonal corporate selling offsets greenback strength
China's yuan remained stable against the US dollar as seasonal year-end dollar sales by exporters offset greenback strength following robust US jobs data. Beijing's efforts to manage currency appreciation, alongside foreign exchange reserve adjustments, supported stability. Meanwhile, inflation trends and subdued domestic demand continued influencing monetary policy and currency movements.
Gold, silver prices may sway with US-Iran tensions
As the US-Iran conflict and crude oil pricing remain in focus, bullion prices are set to encounter downward pressure. Key economic data releases from China, the US, Germany, Japan, and India will significantly impact inflation and interest rate expectations. Market watchers will be attentive to Federal Reserve remarks and US job market indicators for cues on trends.
Wall Street stocks rally after heavy AI-related selloff
Wall Street's trading session presented a mixed scenario as the S&P 500 and Nasdaq climbed, contrasting with a modest dip in the Dow. Investor apprehensions regarding impending regulations for the AI sector, especially after recent Democratic electoral successes, led to increased market volatility. Meanwhile, key global markets witnessed declines, particularly in Europe and Asia, overshadowing advancements in certain tech stocks amid a generally bearish sentiment.
China's rising yuan squeezes exporters, raises concerns over jobs and growth
China's strengthening yuan is squeezing exporters' profit margins, raising concerns over job losses, weaker exports and slower economic growth. Beijing faces a policy dilemma as international pressure to let the currency appreciate clashes with domestic manufacturers' need for a competitive exchange rate.
Yuan set for first weekly loss in six weeks as equity rout dents sentiment
China’s yuan headed for its first weekly decline in six weeks as weaker PBOC guidance and a sharp equity selloff hurt sentiment. While the central bank appears wary of rapid appreciation, seasonal exporter conversions could support the currency toward year-end.
Emerging markets lose $33.8 billion in October as investors flee Asian stocks
October witnessed an alarming withdrawal of $33.8 billion by foreign investors from emerging markets, the largest since March. Almost all of this outflow consisted of equities, severely impacting Taiwan. While Emerging Asia grappled with major losses, Latin America encountered minimal setbacks amid election related volatility. Additionally, Chinese stocks continued to see foreign sell offs for the fifth consecutive month.
South Korean shares reverse gains, KOSPI falls over 1% as US midterm results loom
South Korean shares reversed early gains as caution ahead of the US midterm election results triggered broad selling. Technology stocks led the decline, while foreign investors offloaded equities worth 1 trillion won amid concerns over global market volatility.
Chinese yuan hits over two-week low against dollar as PBOC signals caution on appreciation
China’s yuan weakened to a more than two-week low against the dollar after the central bank set a weaker daily fixing and raised foreign exchange reserve requirements. The moves signal Beijing’s efforts to moderate the currency’s rapid appreciation.
Gold prices ahead of Dhanteras: Up 10% in a year, but is the worst of correction still ahead?
Gold has outperformed the Nifty and Sensex since Dhanteras 2025, despite falling sharply from its January peak. With inflation concerns, Fed rate expectations and weak demand weighing on prices, analysts remain divided on its near-term outlook, while major banks see scope for a recovery in 2027.
Is the AI boom losing steam? Global economy faces growing risks
Global financial markets face mounting pressure from geopolitical conflicts, rising government debt and trade tensions, raising concerns about the resilience of the global economy. While the AI investment boom has driven stock markets to record highs and supported growth expectations, rising borrowing costs, inflation, weakening currencies and the prolonged Iran war threaten to undermine investor confidence and expose deeper vulnerabilities.
China to expand global access to yuan assets, promote Hong Kong as offshore hub
China plans to expand global access to yuan-denominated assets and strengthen Hong Kong's role as an offshore yuan hub. Meanwhile, regulators flagged risks from surging AI investments, warning of rising leverage, higher borrowing costs and financial instability.
Chinese yuan set for biggest daily drop in six months after PBOC tightens FX reserves
China's yuan weakened against the US dollar after the PBOC raised the foreign exchange reserve requirement ratio to curb rapid currency appreciation. The move comes amid concerns over export competitiveness and follows strong gains in the yuan during October.
Global Market Today: Asian stocks slide as US chip selloff deepens
The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign some investors are looking to buy on dips, US stock futures gained. Japan is closed for a holiday.
Explained: Why gold investors should tone down expectations as yellow metal plunges to a 1-year low
Gold has fallen more than 30% from its January record high, with rising oil prices, inflation concerns and expectations of further Fed rate hikes adding to pressure. Analysts remain cautious about a near-term recovery, even as major banks retain bullish forecasts for 2027.
Yuan hovers near four-year high as investors eye US midterm elections
China’s yuan traded near a more than four-year high against the US dollar, supported by expectations of further appreciation. Investors tracked the central bank’s currency guidance, policy measures and potential market implications of the US midterm elections.
Global Market: Chinese yuan hits four-year high, heads for fourth straight monthly gain
China’s yuan reached its strongest level against the US dollar in more than four years, supported by exporter dollar sales, robust exports and a weaker greenback. The currency has gained about 5% this year, while the PBOC’s stronger daily fixing suggests policymakers are comfortable with its appreciation, though the pace may moderate.
India's dealmaking resilient despite weak rupee, equity slump, Citi's Saraf says
India's M&A deal value has declined over the year while the number of deals remains stable. Strategic partnerships are expected to increase, particularly between Indian and Chinese companies. Sectors like healthcare, consumer, infrastructure, and technology are showing strong activity. Concerns over the rupee and market volatility are downplayed by investment bankers. Despite challenges, the long-term growth outlook for India is regarded as stable and positive.
Global Market: China’s yuan hits four-year high against dollar after Fed holds rates
China’s yuan climbed to a four-year high against the US dollar, supported by the central bank’s firm guidance and the Federal Reserve’s decision to hold interest rates steady. The People’s Bank of China continued managing appreciation, while investors awaited the European Central Bank’s policy decision for further currency market direction.
Global Market: China's yuan holds near four-year high as markets await Fed decision
China’s yuan held near a four-year high against the US dollar as investors awaited the Federal Reserve’s policy decision for clues on the US interest rate outlook. The currency drew support from stronger-than-expected industrial profit growth, while concerns over persistent inflation and elevated energy prices kept markets alert to potential monetary tightening.
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