Flash News

TREE NEWS reports: Traders are preparing for a sharp drop in Brazilian markets on Monday after Luiz Inácio Lula da Silva’s surprise election victory. ETFs tracking Brazilian stocks fell as much as 16% in Japan, their biggest one-day decline since 2020, while CME currency derivatives put the real at 5.55 per dollar, more than 10% weaker than Friday’s close. Traders expect intense selling at Monday’s open that could trigger circuit breakers.

TREE NEWS update: Flávio Bolsonaro, the Liberal Party candidate and son of former President Jair Bolsonaro, refused to concede defeat in the second round of Brazil’s presidential election. He said he will seek to have the election annulled. The announcement came after the runoff vote, with no further details provided on the legal grounds for the challenge.

TREE NEWS update: Bolsonaro’s campaign team has asked Brazil’s courts to annul the second-round presidential runoff, citing problems with the voting process. The challenge contests the result of the runoff vote. No further details on the specific allegations or the court’s response were provided.

TREE NEWS update: Brazilian President Luiz Inácio Lula da Silva said the country will bring in more data centers to create wealth, without giving a timeline, location or investment figure. The remark was a brief public statement with no further details on which companies are involved or how the projects would be financed.

TREE NEWS update: Venezuelan opposition leader María Corina Machado arrived in Caracas and met with supporters, the latest development in the country’s political standoff. The visit marks her return to the capital amid ongoing tensions over the disputed presidential election. No further details were immediately available on the purpose or duration of her stay.

TREE NEWS update: Indonesia’s Financial Services Authority (OJK) said the country’s stock market has demonstrated resilience under pressure and pledged to maintain trust while advancing reforms. The regulator did not provide specific figures or policy details in the statement. The remarks come as Indonesian markets face external volatility.

TREE NEWS update: Brazilian President Luiz Inácio Lula da Silva said Brazil will not accept being anyone’s backyard. The remark, delivered without further context in the available material, positions Brazil against external subordination. No additional details, date or venue were provided.

TREE NEWS reports: The CSI Convertible Bond Index opened 0.15% lower. Huamao Convertible Bond and Hangyu Convertible Bond led the decline, falling 2.42% and 2.29%, respectively, followed by Paike at 1.97%, BenChuan at 1.83%, and Weidao at 1.82%. On the upside, Fuxin Convertible Bond rose 4.02%, Aopu gained 2.67%, Daotong added 2.00%, Changqing climbed 1.50%, and Shangtai advanced 1.10%.

TREE NEWS reports: China’s treasury futures opened mixed on the latest trading session, with the 30-year main contract flat versus the previous close. The 10-year main contract rose 0.02%, while the 5-year main contract slipped 0.00% and the 2-year main contract gained 0.00%.

TREE NEWS reports: Brazil-themed ETFs listed in China’s A-share market fell sharply at the opening auction, with the Brazil ETF from ChinaAMC and the Brazil ETF from E Fund both hitting limit-down. The move followed Brazilian President Luiz Inácio Lula da Silva’s re-election victory.

TREE NEWS reports: China’s Shanghai Composite opened at 3,671.00 on the latest session, down 0.53%, with the ChiNext Index leading losses at 2,645.74, down 1.43%. The Shenzhen Component fell 0.97% to 11,560.36, while the CSI 300 dropped 0.65% to 4,078.57. The STAR 50 opened 0.89% lower at 1,333.48, the CSI 500 fell 0.85% to 6,756.46 and the CSI 1000 slipped 0.74% to 6,684.93.

TREE NEWS update: The People’s Bank of China conducted CNY56 billion of 7-day reverse repurchase operations at a 1.40% rate on Thursday, unchanged from the prior operation, alongside CNY398 billion of overnight reverse repos. CNY338 billion of reverse repos matured the same day, leaving a net injection of CNY116 billion into the banking system.

TREE NEWS update: Brazilian President Luiz Inácio Lula da Silva said the abstention rate in the country’s latest election fell to a historic low, crediting media coverage for the result. Lula attributed the record-low voter abstention directly to press reporting. No further figures or details were provided.

TREE NEWS reports: The People’s Bank of China set the yuan’s daily midpoint at 6.7162 per dollar, 18 pips stronger than the previous fixing of 6.7180. The onshore spot closed at 6.6711 in the prior official session, while the overnight session last traded at 6.6704.

TREE NEWS update: The Fifth Plenary Session of the 20th Communist Party of China Central Committee opened in Beijing and runs through Oct. 29. The agenda includes the Political Bureau reporting its work to the Central Committee and studying major issues on persistently advancing full and rigorous Party self-governance.

TREE NEWS reports: Methanol’s main futures contract touched its daily limit-up at the open on Tuesday, while propylene rose nearly 6%. Paraxylene, polypropylene and styrene each gained more than 5%, and fuel oil, polyethylene and pure benzene advanced over 4%. Precious metals moved the other way, with Shanghai silver and Shanghai gold both falling more than 1%.

TREE NEWS reports: FTSE China A50 index futures opened 0.28% lower on the latest session, extending a 0.37% decline from the prior night session. The early move reflects continued pressure on the benchmark tracking China’s largest A-share companies.

TREE NEWS update: SK Hynix said it has not yet decided whether to pay a special dividend and is considering multiple shareholder return options. The chipmaker did not specify which options are under review or give a timeline for a decision. The statement addresses speculation about a possible special payout.

TREE NEWS reports: CITIC Securities said in a research note that China’s securities industry could see its dividend yield match traditional high-dividend sectors by 2027, marking the first time the sector has offered a value-investment case built on dividend income. The brokerage cited improving fundamentals, compressed valuations and stable payout ratios, adding that the sector’s dividend attributes would strengthen further as return on assets bottoms out and leverage steadily expands.

TREE NEWS reports: Margin financing balances on the Shanghai and Shenzhen stock exchanges fell by a combined 24.28 billion yuan on October 23, bringing the two-market total to 2.39 trillion yuan, down from the previous trading day. The Shanghai Stock Exchange margin balance stood at 1.24 trillion yuan, a decrease of 9.59 billion yuan, while the Shenzhen Stock Exchange balance was 1.16 trillion yuan, down 14.69 billion yuan.