TREE NEWS reports: The onshore yuan closed at 6.7108 against the dollar at 16:30 Beijing time, up 73 points from the previous official close and 70 points from the previous night session close.
TREE NEWS reports: The UK construction PMI dropped to 44.3 in August, below the expected 46 and down from July’s 44.7. The reading signals a continued contraction in the sector, with activity declining at a faster pace than the previous month.
TREE NEWS update: On September 3, China’s State Council Work Safety Committee held a video conference to advance the crackdown on “fake new-energy fuel stations,” which have been found to be illegal sales points. Authorities in Hubei Province have investigated and dealt with 189 such sites, detaining 142 people. The campaign aims to deepen investigations nationwide.
TREE NEWS update: Panama Canal Authority will reduce daily ship transits from 36 to 34 starting September 3, and further to 32 from September 15, due to low water levels in the artificial lakes that supply the canal, caused by reduced rainfall from El Niño. The maximum draft for ships will also be lowered from 15.24 meters to 14.63 meters.
TREE NEWS update: Tencent, the largest external shareholder of Suiyuan Technology, stands to gain over 12.6 billion yuan as the AI chip maker launches its IPO on the STAR Market. Tencent subscribed to 1.7471 million shares in the strategic placement for 248 million yuan and holds a 20.26% stake post-IPO.
TREE NEWS reports: Nouriel Roubini, known as ‘Dr. Doom’, said technology spending is the biggest factor pushing up yields. He does not believe artificial intelligence is a bubble. Roubini expects employment data to remain normal, with a slowdown driven by supply shortages. Japan is undergoing structural economic transformation, and the yen may strengthen in the medium term.
TREE NEWS update: On September 4, sources close to Chagee said founder, chairman and CEO Zhang Junjie’s business registration change is a routine corporate move, unrelated to business or organizational restructuring. The clarification follows public filings showing alterations to Zhang’s registration details.
TREE NEWS update: Missouri’s Supreme Court ruled unanimously on Tuesday that the Republican-drawn congressional map cannot be used in this year’s elections, sending the issue to voters in November. The decision could help Democrats retain a House seat. President Trump and state Republicans oppose the ruling.
TREE NEWS update: The US Department of Defense on the 2nd issued guidance mandating testosterone testing for male service members aged 30 and above, citing readiness. The directive was swiftly withdrawn after medical experts questioned its scientific basis. An official said on the 3rd that the Pentagon would ‘update’ the document.
TREE NEWS update: Tesla shares dropped 1.7% in premarket trading on Tuesday after the company officially launched its Cybercab robotaxi service in Austin, Texas. The deployment marks a key step in Tesla’s autonomous driving ambitions, though the market reaction was negative.
TREE NEWS reports: Hong Kong stocks closed higher on [date not specified], with the Hang Seng Index gaining 1.74% and the Hang Seng Tech Index rising 2.27%. Tech stocks mostly advanced, with Lenovo surging over 6% and SenseTime up over 5%. However, Shein fell over 9% and Hua Hong Semiconductor dropped over 8%.
TREE NEWS update: Chinese Vice Premier Ding Xuexiang and Russian Deputy Prime Minister Alexander Novak co-chaired the 23rd meeting of the China-Russia Energy Cooperation Committee in Vladivostok on April 4. The meeting focused on bilateral energy cooperation, underscoring the ongoing strategic partnership between the two nations in the energy sector.
TREE NEWS update: China’s Ministry of Education announced at a press conference that the country has 18.7 million teachers. The 42nd Teacher Day, themed “Promoting the Spirit of Educators, Building Respect for Teachers,” will be celebrated. The ministry expanded the National Excellent Teacher Program to attract more top universities, and the first cohort of 9,300 graduates from the Excellent Teacher Plan are now teaching in underdeveloped counties and western border regions.
TREE NEWS update: China will implement a “National Action for Teacher Development” and pilot National Excellent Teacher Academies, the Ministry of Education announced at a press conference. The plan includes an “AI + Teacher Development” initiative, integrating AI into teacher training via the national smart education platform, aiming to boost teacher professional growth and mark the 42nd Teacher’s Day celebrations.
TREE NEWS update: Binance announced it will add Monitoring Tags to AVA, GNS, SCR, and TOWNS on September 4, 2026. These tokens may exhibit higher volatility and risk compared to other listed tokens and could be delisted if they no longer meet listing standards. Binance will periodically review projects and decide on tag additions or removals based on the latest findings.
TREE NEWS reports: The London Metal Exchange reported daily inventory changes: copper stocks fell 475 tonnes, zinc rose 1,675 tonnes, lead declined 4,850 tonnes, aluminum decreased 1,450 tonnes, tin increased 25 tonnes, and nickel was unchanged. These shifts reflect ongoing supply-demand adjustments in base metals.
TREE NEWS reports: Lululemon shares fell over 18% in premarket trading after the athletic apparel maker lowered its full-year profit and sales outlook. The company cited a slower start to the year and softer consumer demand. Separately, Adobe shares declined 3% following the announcement of a CEO change.
TREE NEWS reports: Italy’s retail sales rose 0.8% year-on-year in July, down sharply from the previous month’s 3.1% growth. The figure indicates a notable slowdown in consumer spending. No further details were provided.
TREE NEWS update: At a press conference on September 4, China’s Ministry of Education announced plans to standardize procedures for handling complaints involving teachers, ensure access to legal consultation and aid, and promptly clear teachers of unfounded accusations. The ministry will take a zero-tolerance stance against fabricated reports and malicious defamation, cooperating with relevant departments to pursue legal action against offenders.
TREE NEWS update: Su Wanhua, a member of the Chinese Academy of Engineering and professor at Tianjin University, died on September 4, 2026, in Tianjin at age 85. The renowned internal combustion engine expert passed away after illness.