CNY/XAU Price & Performance (CNYXAU)

Chinese stocks rallied on Friday as investors anticipate economic support measures. The CSI 300 Index rose 2.4%, while the Hang Seng Index climbed 2.1%. This follows signals from the People's Bank of China hinting at potential interest rate cuts. A press conference on Monday is expected to unveil further economic stimuli.1

Nio's shares jumped 20% last week as anticipation builds for its fourth-quarter results on March 21. The company’s new mass-market brands and rising vehicle margins are seen as potential profitability drivers. Analysts project a 21% upside in the next year, with innovations like battery-swapping technology aiding its market expansion.2

China's trade surplus for January-February 2025 reached $170.51 billion, surpassing forecasts. Exports grew by 2.3% year-over-year, while imports declined, reflecting a shift in global trade dynamics. This marks a significant increase from $125.16 billion in the same period last year, showcasing resilience despite global economic challenges.3