The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 75 pips to 6.8854 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Chinese yuan strengthens to 6.8854 against USD Tuesday
Tokyo stocks rose Friday, with the benchmark Nikkei stock index ending at a fresh record high, buoyed by optimism over a settlement in the Middle East conflict.
The 225-issue Nikkei Stock Average ended up 1,654.93 points, or 2.68 percent, from Thursday at 63,339.07.
The broader Topix index, meanwhile, finished 38.65 points, or 1.00 percent, higher at 3,892.46.
"There was some optimistic trade around the latest U.S.-Iran talks, but this optimism seems to be based on the fact that things aren't getting drastically worse in the region rather than the situation improving significantly," Timothy Pope, a market analyst for China Global Television Network (CGTN), recapped the day's developments.
"This optimism was most strongly on display, I think, in Tokyo today, where the Nikkei rose 2.7 percent with hopes for some relief on oil prices and other currently scarce materials. It's not just oil that is not getting out of the region. As we know, it's other petrochemicals and things like helium as well. The general performance was pretty strong. Metals producers were doing fairly well in Tokyo, but in Japan as well, the market is very much focused on AI stocks. And today, the gains were strong for SoftBank -- it was up almost 12 percent after a bit of a battering earlier in the week. And that SoftBank gain contributed nearly a third to the Nikkei's overall gains on Friday," said Pope.
Tokyo stocks end higher as U.S.-Iran talks fuel cautious optimism
