Chinese Stocks Drop as US Post Suspends Parcels from China, Hong Kong
Posted: Feb 05, 2025
- Chinese stocks drop after initially rising, Hong Kong falls
- China maintains yuan support with a stronger-than-expected fixing
- Onshore Chinese markets resume trading after a six-day holiday
- US Postal Service suspends inbound parcels from China and Hong Kong
- Yuan under pressure due to rate differentials and outflows
- China’s response to US tariffs influences markets
- People’s Bank of China’s decision to support yuan pulls back US dollar
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