Xi Jinping made his first known visit to the central bank yesterday. BLoomberg, Reuters Previous NextMainland stocks and the yuan outperformed their Asian counterparts after a new round of support from a state fund, as President Xi Jinping reportedly visited the country's central bank for the first time. The vice premier also visited the nation's sovereign wealth fund, the people added. The onshore yuan rebounded 75 basis points to 7.3075 per US dollar, the highest for nearly two weeks. However, other Asian regions underperformed with markets in Japan and Taiwan inching up by 0.2 percent and 0.4 percent respectively.

Source: The Standard October 25, 2023 15:16 UTC