Group 1 - The offshore RMB appreciated significantly against the USD, rising over 500 points and exceeding 0.7% on May 2, 2025, closing at 7.226 [1] - The Hong Kong stock market showed strong performance, with the Hang Seng Index up 1.74% and the Hang Seng Tech Index up 3.08%, driven by gains in tech stocks such as Xiaomi (+6%), Alibaba (+3.8%), Tencent (+2.56%), and Kingsoft Cloud (+4%) [1] - U.S. Treasury Secretary Scott Bessenet indicated that the bond market signals the Federal Reserve should lower interest rates, noting that the two-year Treasury yield was 3.717%, below the federal funds rate of 4.33% [1] Group 2 - President Trump has publicly criticized Federal Reserve Chairman Powell for slow rate cuts, threatening to dismiss him, while emphasizing that the economy may slow without immediate rate reductions [2] - The 10-year Treasury yield has decreased significantly since Trump's inauguration, dropping from approximately 4.63% on January 20 to around 4.15% recently, which has saved the federal government substantial interest costs [2] - The People's Bank of China (PBOC) plans to maintain a moderately loose monetary policy to support the real economy, while also managing the exchange rate based on market supply and demand [2]
离岸人民币大涨超500点 港股全线飘红
Jin Rong Jie·2025-05-03 05:18