CSI 300 index falls 0.5% to 4,127.16 at close

CSI 300 index falls 0.5% to 4,127.16 at close

The CSI 300 index, a key benchmark for the Chinese mainland stock market, closed at 4,127.16 on Friday, July 2, 2025, marking a 0.5% decline from the previous session [1]. The index, which tracks the performance of the largest 300 companies listed on the Shanghai and Shenzhen stock exchanges, was influenced by several factors, including investor sentiment ahead of major central bank meetings and the U.S. President Donald Trump's tariff deadline.

The broader Asian market experienced a mixed day, with Tokyo stocks pulling back from recent record levels. The broad Topix index, which had jumped over 5% in the two days before to hit a record high, eased by 0.7%, while the Nikkei 225 fell 0.5% from Thursday’s one-year peak [1]. Meanwhile, Hong Kong’s Hang Seng index lost 0.5%, and mainland China’s CSI 300 dropped 0.2% [1]. In Australia, the S&P/ASX 200 closed down 0.5% [1].

Investors were cautious ahead of key economic events, including the Federal Reserve’s meeting to set interest rates, the Bank of Japan’s policy decision, and President Trump’s tariff deadline. The U.S. dollar strengthened against the yen, climbing to 147.37 yen after rebounding from its two-week lows, as strong U.S. economic reports supported the greenback [1]. The euro closed 0.2% lower against the dollar, trading around $1.1743 on Friday [1].

In the U.S., the S&P 500 futures rose 0.2% after the S&P 500 cash index closed at a record high overnight, helped by solid results from Alphabet. The Nasdaq Composite also hit a new peak [1]. The MSCI All Country World Index dipped 0.1% on Friday but remained close to Thursday’s record high, driven by hopes for U.S. trade deals with the EU and China [1].

The CSI 300's decline can be attributed to a combination of factors, including investor risk aversion ahead of major economic events and the ongoing trade tensions between the U.S. and China. Despite the fall, the CSI 300 remains on track for a weekly gain, reflecting the broader optimism in global markets driven by tech earnings and trade deal optimism [1].

References:
[1] https://www.cryptopolitan.com/asian-shares-slipped-dollar-edged-up/