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U.S. STOCK INDEXES HIT NEAR ONE-MONTH HIGH: S&P 500 UP 2.5%, DOW UP 3%, NASDAQ UP 3.3%

2026-04-08

U.S. STOCK INDEXES HIT NEAR ONE-MONTH HIGH: S&P 500 UP 2.5%, DOW UP 3%, NASDAQ UP 3.3%

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2026-04-08

China’s yuan rose to a three-year high, with the onshore rate at 6.8287 per dollar and the offshore rate at 6.8268, as a US-Iran ceasefire improved risk sentiment and pressured the dollar. The People’s Bank of China set a stronger daily fixing at 6.8

China’s yuan rose to a three-year high, with the onshore rate at 6.8287 per dollar and the offshore rate at 6.8268, as a US-Iran ceasefire improved risk sentiment and pressured the dollar. The People’s Bank of China set a stronger daily fixing at 6.8680, the firmest since April 2023, though still weaker than market estimates, signaling a preference for gradual appreciation. The PBOC has consistently bolstered the currency through firm daily fixings amid war-induced market turmoil, a move designed to anchor investor confidence in Chinese assets. The yuan has gained about 2.2% this year, outperforming regional peers, supported by China’s resilience to energy shocks, strong commodity reserves and expectations that higher oil prices could help ease producer price deflation.
2026-04-08

The combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 1.5 trillion yuan for the 175th consecutive trading day.

The combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 1.5 trillion yuan for the 175th consecutive trading day.
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