China

ICYMI - PBOC says it'll monitor changes in long-term yields during the economic recovery

• This is a first from the People's Bank of China

Asian market holidays today - China and Hong Kong are out

• Ching Ming

China's Xiaomi begins deliveries of its first EV. Has booked more than 100,000 orders.

• Chinese smartphone maker Xiaomi is delivering its first electric vehicle

Taiwan authorities say the earthquake has caused 26 building to collapse

China Caixin Services PMI for March 52.7 (expected 52.7, prior 52.5)

• ps. Aftershocks continue to Taiwan's earthquake

Sea levels start to drop off the coast Okinawa ahead of a coming tsunami

• This is related to the massive Magnitude 7.7 Taiwan earthquake

Taiwan earthquake revised higher to magnitude 7.7, from 7.5

• A terrible earthquake has caused widespread damage and disruption across Twaiwan and a tsunami warning has been issued.

TSMC evacuated factory areas after earthquake hit Taiwan

• There will be production impacts at the world's largest maker of advanced chips, Taiwan Semiconductor Manufacturing Co

Philippines warns of tsunami and orders the evacuation of coastal areas after Taiwan quake

Reports of buildings collapsed in Taiwan after the 7.5 magnitude earthquake

• Multiple buildings collapse in Hualien, Taiwan

PBOC is expected to set the USD/CNY reference rate at 7.2282 – Reuters estimate

• The Bank will set the rate around 1300 pips or so lower than this

US Treasury Secretary Yellen is scheduled to visit China later this week

• Yellen to meet her counterpart in China

Biden and Xi speak for first time since November summit - US readout

Xi: Taiwan is first red line that cannot be crossed in China-US relations

• Comments from Xi

China property developer Country Garden stock suspended on Hong Kong exchange