TREE NEWS reports: Germany’s import price index rose 10.4% year-on-year in September, exceeding the 10.3% expected and accelerating from 8.3% the previous month. The faster-than-expected increase points to persistent cost pressures from imported goods in Europe’s largest economy.
TREE NEWS update: Russia’s Defense Ministry said its armed forces carried out a large-scale overnight strike on Ukrainian military-industrial enterprises, the energy facilities supporting them, port infrastructure and maritime vessels used by the Ukrainian military. The ministry said the attack, on October 30, used ground-based precision weapons and drones.
TREE NEWS update: Bank of Japan Governor Kazuo Ueda said the central bank has not yet achieved a stable and sustainable inflation target, adding that the decision to declare an end to deflation rests with the government. Ueda said the risk of excessive inflation has not necessarily increased compared with a month ago, and that the risk of inflation overshooting cannot be ignored. He declined to comment on whether the joint agreement with the government will be revised.
TREE NEWS reports: The ChiNext Index, which tracks growth-oriented stocks on the Shenzhen exchange, fell 4% on the day, extending its decline. No further details on the move or its drivers were immediately available.
TREE NEWS update: China’s National Energy Administration said at a press conference on Thursday that electricity consumption from computing power is expected to increase by more than 100 billion kWh (100 TWh) annually during the 15th Five-Year Plan period, reaching 800 billion kWh by 2030, or about 6% of total social electricity use.
TREE NEWS update: A Hungarian court in Debrecen on Oct. 29 dismissed a lawsuit filed by local residents against CATL’s battery plant in the city, ending litigation that lasted more than three and a half years. The court ruled the plaintiffs had lost standing because the plant’s permit documents were later amended, and found no illegality in the government’s permitting process. The decision advances the judicial process for CATL’s Debrecen base in Hungary.
TREE NEWS reports: Several A500 ETFs traded heavier than their full-day volume from the previous session, with the E Fund ChiNext ETF (159915) and Huaxia STAR 50 ETF (588000) each again exceeding 10 billion yuan in turnover. Huatai-PineBridge A500 ETF (563360) turned over 6.8 billion yuan, up 6% versus the prior full day; Southern A500 ETF (159352) 6.4 billion yuan, up 7%; E Fund A500 ETF (159361) 3.9 billion yuan, up 30%; and Huaxia A500 ETF (512050) 1.8 billion yuan, up 61%.
TREE NEWS update: Bank of Japan Governor Kazuo Ueda said the central bank must pay close attention to risks to the economy and prices as well as financial conditions, when asked why it kept its policy rate unchanged at its meeting on Friday. Ueda said the BOJ will thoroughly analyze economic and price developments and discuss them at every policy meeting.
TREE NEWS update: Beijing issued 3.22 billion yuan of 7-year special local government bonds at a 1.4500% yield, with a bid-to-cover marginal multiple of 1.49 times against an expected 1.45. The city also issued 759 million yuan of 10-year special local government bonds at a 1.6300% yield, with a marginal multiple of 1.53 times versus an expected 1.63.
TREE NEWS update: China’s Ministry of Civil Affairs, the National Working Commission on Aging and the China Aging Association issued a notice to deepen visitation and care services for elderly people in special difficulty. By end-2026 all localities must fully roll out the service; by end-2027 county-level lists of care recipients and needs must be established with classified service lists and a stronger care workforce; by end-2028 the service must run routinely under a long-term mechanism.
TREE NEWS update: European Central Bank Governing Council member Kaasik said price increases are not broad-based and that waiting for more inflation data is reasonable. He added that a 4% inflation rate could easily be seen in the coming weeks. The remarks suggest the ECB sees no need to rush a policy response before more data arrive.
TREE NEWS update: Bank of Japan Governor Kazuo Ueda said CPI excluding special factors is maintaining a relatively high growth rate and that further rises in underlying inflation cannot be tolerated. The remarks signal the central bank remains attentive to inflation pressures beyond one-off factors.
TREE NEWS update: Changsha’s housing and construction bureau, natural resources and planning bureau, and the Hunan office of the National Financial Regulatory Administration jointly issued an implementation opinion on October 30 to carry out the national reform of the commercial housing sales system. The measures cover six areas: classified pre-sale controls, orderly expansion of completed-home sales, a lead-bank mechanism, financing support for developers, land-supply optimization and construction management.
TREE NEWS reports: The STAR 50 Index, which tracks the 50 largest companies on Shanghai’s STAR Market, dropped more than 5% in late trading on the session. The decline marks a sharp intraday selloff in the tech-focused benchmark. No further details on the cause or specific movers were immediately available.
TREE NEWS update: Bank of Japan Governor Kazuo Ueda said stabilizing underlying inflation at around 2% is very important, noting that Japan’s financial conditions remain accommodative. He added that the government’s various measures to stimulate the economy are helpful for achieving the 2% price target.
TREE NEWS update: Bank of Japan Governor Kazuo Ueda said Japan’s economy is recovering moderately, with government measures and easy monetary conditions expected to support activity. Medium- to long-term inflation expectations are around 2%, and underlying CPI inflation is broadly in line with the 2% price stability target and expected to remain near that level. The BOJ will continue raising its policy rate and adjusting the degree of monetary easing as economic activity, prices and financial conditions change.
TREE NEWS reports: MediaTek reported third-quarter operating profit of NT$27.1 billion, topping the NT$25.33 billion consensus estimate. Gross profit for the quarter came in at NT$77.85 billion versus an estimated NT$74.45 billion, while net income reached NT$28.2 billion, beating the NT$25.48 billion forecast. Earnings per share for the quarter were NT$17.50.
TREE NEWS update: Guizhou province plans to invest 50 billion yuan (about $7 billion) in information infrastructure during the 15th Five-Year Plan period, including next-generation communications networks, to strengthen its digital economy base. The province, a national hub node in China’s integrated computing network, aims to improve cross-regional computing scheduling and data circulation capacity in support of the East Data West Computing project, the provincial government’s information office said at a press conference on the 30th.
TREE NEWS reports: Japan’s Nikkei 225 closed down 2.1% at 63,290.11, while the broader Topix fell 1% to 3,965.07. South Korea’s KOSPI dropped 3.53% to close at 5,728.04, marking a sharp selloff across major Asian equity benchmarks.
TREE NEWS reports: France’s economy contracted 0.1% quarter-on-quarter in the third quarter, missing expectations of 0.1% growth. The prior quarter’s reading was flat at 0.0%. The surprise decline marks a weak start to the second half for the euro zone’s second-largest economy.