Flash News

TREE NEWS reports: The China Foreign Exchange Trade System (CFETS) said its RMB exchange rate index stood at 103.41 on October 23, down 0.29 week-on-week. The weekly decline reflects a softer yuan against a basket of trading-partner currencies.

TREE NEWS reports: Brazil’s presidential runoff vote count stood at 99.78% tallied, with Luiz Inácio Lula da Silva at 51.76% and Jair Bolsonaro at 48.24%, the latest count showed. The near-complete tally puts Lula ahead by roughly 3.5 percentage points with only a fraction of ballots remaining to be counted.

TREE NEWS reports: Brazil-focused exchange-traded funds listed in Japan fell 9.6% after Luiz Inácio Lula da Silva won Brazil’s presidential election. The drop reflects investor reaction in Japanese markets to the outcome of the vote.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.4% lower and South Korea’s Kospi opened down 0.9% at the start of trading. The two benchmarks slipped at the open, with no further detail on the moves given in the initial market data.

TREE NEWS reports: China is set to issue or is currently issuing local government bonds. The calendar covers upcoming and ongoing sales of municipal and provincial debt. No further details on size, pricing or timing were provided.

TREE NEWS update: China is set to issue, or is currently issuing, government bonds and policy financial bonds, according to a schedule of upcoming and ongoing sovereign and policy-bank debt sales. The material did not specify issue sizes, maturities or exact sale dates. Policy financial bonds are sold by China’s state policy banks, while government bonds cover central government debt.

TREE NEWS update: Meituan has filed a notice with the Hong Kong Stock Exchange proposing the issuance of RMB-denominated senior notes. The announcement, made to the HKEX, does not disclose the size, pricing or maturity of the proposed notes. Meituan is a Chinese delivery and local-services platform listed in Hong Kong.

TREE NEWS reports: Huatai Securities said its A-share sentiment index has entered pessimistic territory for the first time since August, with support funds stepping up but overseas disturbances persisting. The broker advised treating the current move as a short-term oversold rebound rather than a sustained recovery. It favors electronics, telecom, machinery, power equipment and small caps, and in tech recommends PCB, passive components and optical modules with improving earnings that were previously oversold.

TREE NEWS reports: Oil prices jumped more than 3% on Friday, reviving inflation concerns and pressuring U.S. stocks and Treasuries, with the Dow closing down 1.2%. Apple’s market capitalization briefly surpassed Nvidia’s during the session, while gold slid to its lowest level since July. Separately, President Trump said a decision point on Iran is near, and reports said Iran is preparing for a possible new round of U.S. strikes.

TREE NEWS update: Qatar mediators held talks in Tehran on the 25th to de-escalate regional tensions, coordinating their efforts with the United States, an informed official said. The mediation follows Iranian President Masoud Pezeshkian’s accusation a day earlier that the US caused the failure of a temporary Iran-US agreement, while saying both sides should make new attempts to reach a deal.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said on the 25th that a planned trilateral meeting between Ukraine, the United States and Russia in November will discuss halting mutual strikes on energy facilities. In an interview with Ukrainian media, he also stressed that any future peace agreement should not include provisions on Ukraine maintaining neutrality or limiting the size of its armed forces.

TREE NEWS reports: AtlasIntel’s chief executive said Brazilian President Luiz Inácio Lula da Silva will win re-election in the second-round runoff vote. The polling firm’s projection points to a Lula victory in the decisive round of Brazil’s presidential election.

TREE NEWS reports: With 25.19% of ballots counted in Brazil’s presidential runoff, Jair Bolsonaro leads Luiz Inácio Lula da Silva 50.51% to 49.49%. The two candidates are separated by roughly one percentage point in the early tally, with the remaining votes still to be counted.

TREE NEWS reports: A total of 1,028 A-share listed companies had disclosed third-quarter results as of 18:00 on Oct. 25, with 548 reporting year-on-year growth in net profit attributable to shareholders, or about 53.31%. Semiconductor, chemicals, fiberglass, battery and electronic components sectors showed clear earnings recovery, while some firms including JCET announced upward revisions to their 2026 investment plans alongside their Q3 reports.

TREE NEWS reports: As of 17:00 on Oct. 24, 22 Beijing Stock Exchange companies had reported third-quarter results, with 17 posting profits and 11 achieving growth in both revenue and net profit, Wind data show. Tonghui Electronics opened the reporting window on Oct. 15. Since October, buybacks and share increases by BSE companies have accelerated, with some initiating dividend payouts.

TREE NEWS reports: 2026 marks the first year of mandatory ESG disclosure for China’s A-share market, with the number of listed companies publishing sustainability reports rising from a year earlier and the ESG ratings market expanding alongside. Multiple domestic and international rating agencies frequently issue divergent ratings for the same listed company, with experts attributing the gaps to differing evaluation philosophies, indicator weights, and how well rating frameworks fit domestic regulation and industry conditions. The ratings industry is balancing differentiated competition with calls for greater comparability and transparency.

TREE NEWS reports: SpaceX is in discussions over the pricing of $40 billion in debt, people familiar with the matter said. No further terms of the financing were disclosed. The figure, if confirmed, would mark one of the largest debt packages tied to the privately held rocket and satellite company.

TREE NEWS reports: China’s 30-year and 10-year government bond futures rose 0.73% and 0.43% in October through Oct. 23, while 5-year and 2-year contracts gained 0.31% and 0.12%. Tianfeng Securities chief fixed-income analyst Tan Yiming said the accelerated yield decline partly reflects trading on expectations of broad easing and a policy rate “anchor switch,” alongside a real basis for funding rates stepping down, and that the rapid rally may draw regulatory attention. Experts said the bullish logic is not reversed and fundamentals still support the market, though volatility may increase, with ultra-long bonds offering opportunities.

TREE NEWS reports: Stock ETFs in China drew more than 100 billion yuan in net inflows over the past two trading days, with broad-based funds leading the purchases. From Sept. 28 to Oct. 23, 15 trading days saw nearly 320 billion yuan in net inflows. CSI 300 ETFs, STAR 50 ETFs and ChiNext ETFs were the main destinations for the capital.

TREE NEWS update: The China-Myanmar crude oil pipeline has transported more than 100 million tonnes of oil since it began operating in June 2017, pipeline operator PipeChina said. The pipeline, China’s fourth-largest energy import corridor, enters China at Ruili in Yunnan province and runs 618 km to the Anning refinery in Kunming, operated by Yunnan Petrochemical.