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including for China, a major oil importer. The yuan posted the smallest drop against the dollar among major Asian currencies, and Chinese sovereign bonds have also outperformed major peers amid the selloff.Most Read from BloombergNYC Hudson Yards-Area Apartment Tower Sells for $129 MillionAdding Up What Urban Highways Really CostSupreme Court Preserves NY GOP-Held Congressional DistrictNYC Congestion Pricing Program Can Continue, US Judge RulesHow to Fireproof a NeighborhoodIn a week marked by mounting geopolitical risks and sharp swings across global markets, Chinese assets have emerged as a comparatively stable corner within Asia. This reflects a mix of factors, including Beijing’s emphasis on policy continuity and economic support at the National People’s Congress.China’s equity markets can serve as “a shelter for global investors seeking diversification during global political instability,” while also offering exposure to the country’s artificial intelligence push, said Marco Sun, chief financial markets analyst for China in MUFG Bank’s global markets division.The same applies to Chinese bonds and the yuan, he said, adding that this year’s economic targets set at the NPC meeting have buoyed sentiment.China’s 10‑year government bond yield fell by around two basis points this week to 1.79% on Friday, compared with a roughly 20 bps rise in comparable US Treasury yields and increases of more than 20 bps in French bonds.The onshore yuan slipped about 0.6% but still outperformed most Asian peers, with South Korean won and Philippine peso both dropping more than 2%.Chinese government bonds and the yuan are “serving an a solid anchor” for the region, said Wee Khoon Chong, a strategist at BNY in Hong Kong. He added that the bank’s investor data showed continued demand for Chinese stocks this week, helped in part by policy support from Beijing, even as foreign investors pulled money from other regional markets.Premier Li Qiang struck a message of continuity in his address to lawmakers on Thursday at the country’s highest-profile political gathering since the US and Israel struck Iran. He emphasized stability and higher-quality growth, while pledging to extend fiscal support, maintain an accommodative monetary stance and strengthen domestic demand.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,740.02 -90.69 (-1.33%)Dow 3047,501.55 -453.19 (-0.95%)Nasdaq22,387.68 -361.31 (-1.59%)Russell 20002,525.30 -60.27 (-2.33%)VIX29.49 +5.74 (+24.17%)Gold5,158.70 +80.00 (+1.58%)Trending tickersBTC-USD Bitcoin USD 67,985.51 -2,367.73 (-3.37%)HIMS Hims & Hers Health, Inc. 15.74 -0.14 (-0.88%)^GSPC S&P 500 6,740.02 -90.69 (-1.33%)ETH-USD Ethereum USD 1,983.81 -66.22 (-3.23%)^IXIC NASDAQ Composite 22,387.68 -361.31 (-1.59%)PortfolioSign in to access your portfolioSign inTop gainersDAWN Day One Biopharmaceuticals, Inc. 21.20 +8.42 (+65.88%)IOT Samsara Inc. 35.36 +5.78 (+19.54%)MRVL Marvell Technology, Inc. 89.57 +13.89 (+18.35%)EMAT Evolution Metals & Technologies Corp. 9.76 +1.25 (+14.69%)IOVA Iovance Biotherapeutics, Inc. 5.13 +0.55 (+12.01%)Top losersINGM Ingram Micro Holding Corporation 22.06 -4.30 (-16.31%)BE Bloom Energy Corporation 135.19 -24.80 (-15.50%)GAP The Gap, Inc. 23.28 -3.92 (-14.41%)LITE Lumentum Holdings Inc. 558.44 -92.38 (-14.19%)JEF Jefferies Financial Group Inc. 38.29 -5.99 (-13.53%)Most activeNVDA NVIDIA Corporation 177.82 -5.52 (-3.01%)ONDS Ondas Inc. 9.83 -0.63 (-6.05%)AAL American Airlines Group Inc. 11.18 -0.61 (-5.17%)MRVL Marvell Technology, Inc. 89.57 +13.89 (+18.35%)BBD Banco Bradesco S.A. 3.6800 -0.0600 (-1.60%)Top economic eventsEarnings eventsMy earnings eventsEarnings events