The index expanded to 4%, with auto stocks leading the way, with XPeng Motors (09868.HK) rising 8%.
Hong Kong stocks rallied, with the Hang Seng Index expanding to 3% and the Composite Index rising 4.63%.
Spot gold expanded to 1.00% intraday gains, now reported at $2827.02/ounce.
The euro against the dollar EUR/USD fell by more than 0.50% during the day and is now trading at 1.0307.
The Mexican peso erased losses against the dollar.
The dollar against the yen USD/JPY fell more than 0.50% during the day and is now trading at 154.41.
European Central Bank Governing Council Simkus: Support another 25 basis points interest rate cut in March. More accommodative monetary policy can be allowed. Trump's tariff policy has increased uncertainty. Several more interest rate cuts are expected after March.
The Bank of England is expected to cut interest rates by another 25 basis points this week, as policymakers weigh signs of a weakening British economy against the prospect of a short-term pick-up in inflation. Financial marekt has been betting that the Bank of England's monetary policy committee will cut the official interest rate to 4.5% on Thursday, the third cut in borrowing costs in more than half a year. But with inflation likely to pick up again in the UK and US President Donald Trump's ta...
The New Zealand dollar against the US dollar NZD/USD fell by 2.00% during the day and is now trading at 0.5522.
On February 1st, Xiaomi Auto: In January 2025, the delivery of Xiaomi SU7 exceeded 20,000 units again. At present, the delivery volume has exceeded 20,000 for 4 consecutive months, and the delivery target for the whole year of 2025 is 300,000 units.
The Mexican peso erased gains against the dollar and turned lower during the day.
The dollar fell 0.50% against the Canadian dollar USD/CAD during the day, trading at 1.4414.
Japanese economic data support the Bank of Japan's expectation of another interest rate hike, but tonight's U.S. data may pose upside risks to the United States and Japan.
The Nasdaq China Golden Dragon index rose 4 percent, Kingsoft Cloud (KC. O) rose more than 11 percent, and iQIYI (IQ. O) rose 9 percent.