However, Chinese stocks still face a lot of uncertainty due to the war between Russia and Ukraine, the Fed's interest rate hike, and the Foreign Company Accountability Act's inclusion of five Chinese listed companies in the U.S. on its "temporary delisting list.
The tough sanctions around the Russia-Ukraine war are expected to intensify further as US President Joe Biden heads to Europe to start the G7 meeting. Tensions in the foreign exchange market climbed again, with the dollar again surging higher to close at 98.8 pips, up 0.17%.
On March 25, according to the market trend chart, recently, the offshore yuan exchange rate is continuing to rise, counting from March 24, as of March 25, 1056 hours, 2 trading days, the offshore yuan exchange rate rose 143 points in total, at 6.3716.
Dan Bin, the author of "A Rose in Time" and a private equity magnate, couldn't help himself, hundreds of his products have been liquidated, and he himself has made a confirmed response on Snowball. The matter originated from another article "Private equity big man Dan Bin suspected short position, hundreds of products net value almost zero fluctuations! Many large private equity sounded bearish", the author found:Since March, the net value of the products publicly available in Eastern Harbor almost 0 fluctuations, both dodged the big drop, but also did not eat the rebound.
Since this year, the Russian ruble exchange rate has experienced a "roller coaster" like the market, due to the impact of the situation in Russia and Ukraine, the ruble suffered a significant decline, and a record, the depreciation rate reached a relatively rare in history, the exchange rate of the RMB showed a unilateral downward market, the cumulative depreciation rate to a record high, therefore, also prompted many investors have to bottom the ruble, waiting for the rebound back up to earn a wave.
Both A-shares and Hong Kong stocks rebounded sharply on Wednesday, with the Shanghai Stock Exchange closing up 3.48%, the Hang Seng Index rebounding sharply by 9.08%, and the Hang Seng Technology Index rebounding by 22.2%.
Traders said that Russia's sanctions triggered market concerns about China-related assets and recent foreign capital outflows significantly pressured the yuan, but the Financial Committee meeting in the afternoon significantly boosted market sentiment and the yuan accelerated its gains and recovered the 6.35 handle.
On March 16, a number of cross-border ETFs rose after lunch, while the secondary market closing prices of some ETFs have been at a premium to their fund share reference net values on the same day during many previous trading days, Wind statistics show that as of March 15, some Hang Seng Technology ETFs and Internet Technology ETFs had premiums of over 3%.
The Japanese government and the central bank misread the signs of a "vicious yen depreciation", and consumers' fears that rising prices will cause a deterioration in their willingness to consume have increased concerns about the economic outlook.