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Thursday, January 22, 2026

Asia Market Movers: China silver exports hit 16-year high in 2025 despite control fears

Thursday, 22 Jan, 2026

Commodities

China silver exports hit 16-year high in 2025 despite control fears

China's silver exports hit a 16-year high in 2025, casting doubt on fears that tighter export controls are constraining global supply. Summary: China silver exports reach 16-year high Volumes rise des

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Stock market update

Bridgewater stays bullish on China after 45% onshore fund gain

Bridgewater said Chinese equities remain attractive after a strong rally helped its onshore fund deliver its best performance in at least five years. Summary: Bridgewater remains constructive on China

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Central Banks

PBOC sets USD/ CNY reference rate for today at 7.0019 (vs. estimate at 6.9697)

The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a +/- 2% range, around a central reference rate, or "midpoint." Previous close 6.9640 PBo

Central Banks

Australia jobs surge in December, lifting AUD and RBA rate hike expectations

A sharp rebound in Australian employment sent the jobless rate lower and pushed markets to price a growing chance of an RBA hike as soon as February. Data post earlier: Australian December 2025 unempl

News

Japan trade data recap - exports rise again in December, but US demand drags

Japan's exports extended their recent run in December, but a sharp fall in US-bound shipments and stronger imports narrowed the trade surplus. The data is here: Japan data: December trade surplus smal

News

Australian December 2025 unemployment rate 4.1% (expected 4.4%, prior 4.3%)

Posting this very solid jobs data, I'll be back with more on this separately. More: Australia jobs surge in December, lifting AUD and RBA rate hike expectations For background, preview is here: Econom

Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.9697 – Reuters estimate

The People's Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exch

News

Retired jet engines spark debate over power source for AI data centres

A theoretical estimate of jet-engine power capacity has revived interest in the US aircraft "Boneyard," though real-world hurdles remain formidable. Summary: Retired US military aircraft engines flagg

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News

Japan data: December trade surplus smaller than expected (import jump, export growth slow)

Both exports and imports solid in the month, although exports did miss expectations. More on the data here: Japan trade data recap - exports rise again in December, but US demand drags Exports to: EU

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