Flash News

TREE NEWS update: US Democratic Representative Jason Crow said on October 25 that SpaceX CEO Elon Musk holds “too much control” over systems relied on by the US military and allies, after Ukraine’s military Starshield communications service was throttled. Crow said Musk’s position as a private company head allowed him to influence battlefield conditions and lives, and that this should never happen. Crow said he and several other lawmakers signed a letter to President Trump demanding an explanation.

TREE NEWS update: UK Prime Minister Burnham has ruled out the possibility of holding an early general election. The statement, reported on the current date, indicates the government will not call a snap vote. No further details or timeline were provided.

TREE NEWS update: Ukrainian President Volodymyr Zelensky on the 26th submitted legislation to Ukraine’s Verkhovna Rada to extend martial law and general mobilization for a further 90 days, through January 28, 2027. The bill requires parliamentary approval to take effect.

TREE NEWS reports: Israeli Prime Minister Benjamin Netanyahu and Israel Defense Forces Chief of Staff Eyal Zamir have engaged in an “unprecedented confrontation” over Iran. Netanyahu issued an undisclosed military action order that Zamir refused to carry out, the reports said. The rift marks a rare public rupture between the prime minister and the military’s top commander.

TREE NEWS reports: China’s treasury futures closed higher on the day, with the 30-year main contract rising 0.29%. The 10-year main contract gained 0.02%, while the 5-year and 2-year main contracts each added 0.01%.

TREE NEWS update: Hohhot’s total computing capacity has reached 165,000 PFlops following the delivery and commissioning of Phase II of Parallel Technology’s Inner Mongolia new computing power base, the city’s infrastructure build-out hitting a stage milestone. The figure covers all computing capacity in the city, which said the project marks a breakthrough in both infrastructure construction and industrial clustering.

TREE NEWS reports: Viettel has been negotiating with ASML for months over chipmaking equipment but has yet to reach an agreement, and satellite imagery and site visits show no factory buildings have been constructed at Vietnam’s chip plant project. The findings cast doubt on Vietnam’s goal of starting trial chip production by the end of 2027.

TREE NEWS reports: Shenzhen’s medium- and long-term loans to four computing-related manufacturing and utilities sectors rose by more than 100 billion yuan in 2026 through the end of September. The same four sectors — computers and communications equipment, special-purpose equipment, general equipment, and power and heat production — helped drive the city’s overall medium- and long-term loan growth, with information transmission, software and IT services adding over 100 billion yuan, more than 30% of the city’s total increase.

TREE NEWS update: Icelandic Foreign Minister Thorgerdur Katrin Gunnarsdottir will visit China from October 26 to 31 at the invitation of Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, a Foreign Ministry spokesperson announced. The visit was confirmed in a statement on the ministry’s website.

TREE NEWS reports: Gold (XAU) traded at about $4,021.5 on Oct. 26, up 0.57% in 24 hours, while silver (XAG) stood near $54.35, up 1.34%, as both metals rebounded modestly. Gate’s XAU perpetual futures volume reached about $179 million, up 124.59%, and its XAG contracts totaled roughly $123 million, up 189.21%, with both ranking second globally by turnover, CoinGlass data show. Open interest stood at $446 million for XAU and $163 million for XAG.

TREE NEWS reports: Combined turnover on the Shanghai and Shenzhen stock exchanges reached 1.608793 trillion yuan on October 26. The Shanghai market accounted for 746.528 billion yuan, while the Shenzhen market contributed 862.265 billion yuan. Turnover on the ChiNext board totaled 429.672 billion yuan.

TREE NEWS update: China’s National Energy Administration said on October 26 that cumulative installed wind and solar power capacity reached 2.01 billion kilowatts as of the end of September 2026. Solar accounted for 1.31 billion kilowatts and wind for 700 million kilowatts. The milestone marks a doubling of the country’s combined renewable generation base.

TREE NEWS reports: China’s total installed power generation capacity reached 4.13 billion kilowatts by the end of September, up 11.2% year-on-year, the National Energy Administration said. Solar capacity rose 16.5% to 1.31 billion kW, while wind capacity climbed 20.4% to 700 million kW. Average utilization of power generation equipment fell 194 hours to 2,174 hours in the first nine months.

TREE NEWS reports: The Shanghai Composite closed up 0.19% on Thursday after recovering from early losses, while the ChiNext Index fell 1.71% and the Shenzhen Component dropped 1.19%. PetroChina gained over 5% to its highest level since May 2008, leading oil and gas stocks higher. Robot-concept and gaming shares rallied, with several stocks hitting their daily limit, while PCB and computing-hardware names slumped. Total turnover across the Shanghai, Shenzhen and Beijing markets reached 1.62 trillion yuan.

TREE NEWS update: The Agricultural Development Bank of China issued 4 billion yuan of five-year bonds at a 1.4230% yield, below the expected 1.4000%, with a bid-to-cover ratio of 8.71 times and a marginal ratio of 2.80 times. It also issued 4 billion yuan of ten-year bonds at a 1.6494% yield, against an expected 1.6500%, with a bid-to-cover ratio of 9.64 times.

TREE NEWS reports: Methanol’s main futures contract closed limit-up in Chinese commodity trading, with bitumen rising more than 6%. Fuel oil, propylene and polypropylene gained over 5%, while LPG, polyethylene, styrene, paraxylene and pure benzene each climbed more than 3%. Caustic soda fell over 5%, with apples and red dates down more than 3% and live hogs down nearly 3%.

TREE NEWS update: Tradr ETFs is liquidating two leveraged exchange-traded funds tied to SK Hynix, just months after their US listing, as investor appetite for the AI trade fades. The long and short products were designed to deliver twice the daily performance, or twice the inverse, of the South Korean chipmaker’s American depositary receipts.

TREE NEWS reports: China has become the most popular international destination for Indonesian travelers for the first time, based on outbound booking data from online travel platform tiket.com. Singapore, Malaysia and Japan had previously topped the list of preferred overseas destinations for Indonesian citizens.

TREE NEWS update: Henan province issued a 7-year general local government bond of 1.557 billion yuan at a 1.5100% coupon, with a marginal bid-to-cover ratio of 2.63 times against an expected 1.51. It also sold 15-year and 20-year special bonds of 846 million yuan and 355 million yuan at 1.9600% and 2.1800%, plus 30-year general and special bonds totaling 15.796 billion yuan, both at 2.2000%.

TREE NEWS update: Henan province issued ten local government bonds on a single day, raising a combined 215.85 billion yuan across tenors of 5 to 20 years. A 7-year general bond raised 24.85 billion yuan at a 1.51% coupon, while two 20-year special bonds raised 87.82 billion and 37.12 billion yuan at 2.13% and 2.14%. The issuance also included land-reserve, shantytown-renovation and general special bonds.