Flash News

TREE NEWS update: Sifang Technology’s shares hit the daily limit-down at 13.91 yuan per share, down 10.03%, on Sept. 3, the subscription and payment day for its ‘Sifang Convertible Bond’ rights issue. The company attributed the drop to investors selling shares to fund the subscription, calling it normal based on past cases.

TREE NEWS reports: The Indonesian rupiah strengthened by 0.5%, reaching its highest level since May. The currency’s advance reflects improved market sentiment toward emerging-market assets.

TREE NEWS update: The Securities Association of China has issued a draft best-practice document for securities firm mergers and acquisitions, the first of its kind to cover the entire process. The draft, titled Securities Industry Best Practice No. 7 – Securities Firm M&A (Draft for Comments), was sent to member firms for feedback. It systematically outlines key points from due diligence to integration, drawing on completed merger cases to guide high-quality industry consolidation.

TREE NEWS reports: China’s home textile exports reached $19.64 billion in the first seven months of 2024, up 3.7% year-on-year, according to the China Chamber of Commerce for Import and Export of Textile and Apparel. July alone saw exports of $3.06 billion, a 4.9% increase. The industry shows steady growth with improved product mix and diversified markets.

TREE NEWS update: China’s General Administration of Customs issued a notice on preventing the entry of poliomyelitis, effective September 3, 2026, following WHO’s August 25 declaration that polio transmission risk remains a Public Health Emergency of International Concern. The measure aims to protect public health and safety.

TREE NEWS reports: Ouyang Minggao, a CAS academician, said at the 2026 World Power Battery Conference that lithium iron phosphate (LFP) batteries will remain dominant for the next decade. He stressed both high-energy liquid/solid-state and low-cost LFP/sodium-ion routes are equally vital for China’s battery industry.

TREE NEWS reports: The US dollar dropped 1% against the Japanese yen, trading at 157.15. The move reflects market dynamics in the currency pair, with no specific catalyst cited.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said OPEC+ will continue to significantly influence the oil market due to its large production volumes. His remarks underscore the group’s ongoing role in global supply dynamics.

TREE NEWS reports: US stocks rebounded Wednesday after ADP reported August private payrolls grew by just 38,000, below the expected 48,000 and the weakest since January. The Dow rose 0.56%, while the S&P 500 and Nasdaq each gained 0.46%, ending a three-day losing streak. Treasury yields fell and gold rose. However, CME FedWatch still shows a 62.3% chance of a September rate hike, ahead of Friday’s official jobs report.

TREE NEWS reports: Japan’s Nikkei 225 index closed 0.2% lower at 64,214.48 points. The broader Topix index gained 0.5% to 4,102.04 points. South Korea’s KOSPI rose 0.26% to 6,579.48 points.

TREE NEWS reports: Switzerland’s consumer price index rose 0.4% month-on-month in August, reversing a 0.1% decline in the previous month. The data, released by the Federal Statistical Office, marks a rebound in inflation after a dip in July.

TREE NEWS update: Tmall has officially launched an AI Space Station (Token Top-up Center), allowing users to directly purchase subscription products from major domestic large-model providers. The center offers services from Alibaba Cloud, Zhipu, Kimi, and MiniMax, with products including periodic subscription plans like Token Plan and Coding Plan, as well as pay-as-you-go options, supporting card key or direct top-up delivery.

TREE NEWS reports: Asian wheat importers have purchased at least 500,000 tonnes of Australian and Argentine wheat, as attacks on ships and grain infrastructure delay Black Sea shipments. Buyers, including Indonesia, the world’s second-largest importer, are paying notably higher prices for alternative supplies to meet domestic demand.

TREE NEWS update: On September 2, the US Southern Command released video showing it intercepted and sank a vessel in international waters of the Eastern Pacific, describing it as a floating gas station supplying fuel for illegal maritime drug trafficking. Since early September 2025, US forces have conducted multiple strikes on alleged drug boats in the Caribbean and Eastern Pacific, but have not provided evidence proving the targets were involved in narcotics.

TREE NEWS update: Russian President Vladimir Putin announced plans to construct data centers in the Arctic and the Far East. The initiative aims to leverage the region’s cold climate and abundant energy resources for efficient cooling and power supply. Details on investment or timelines were not disclosed.

TREE NEWS reports: Shein’s Hong Kong-listed shares dropped 10% to HK$41.40 on Monday, continuing a recent decline. The fast-fashion retailer’s stock has been volatile since its listing. The move reflects ongoing market sentiment and sector pressures.

TREE NEWS update: Guoke Photonics (Haining) Technology Co., Ltd. announced the completion of a Series B+ financing round of hundreds of millions of yuan. The round was led by Sichuan Science and Technology Innovation Investment Group, with participation from Hangzhou Caitai Capital and Shandong Science and Technology Innovation Group. Proceeds will fund development of next-gen silicon photonics products, expansion of its data communications subsidiary, and overseas delivery centers.

TREE NEWS update: China’s Ministry of Water Resources activated a Level IV emergency response for flood defense in Jiangxi Province on [date]. The move comes as the province faces heightened flood risks. The ministry urged local authorities to strengthen monitoring and preparedness to mitigate potential impacts.

TREE NEWS update: On September 3, Oleh Kiper, head of the Odesa regional military administration, said the city was attacked by Russian forces in the early hours, leaving 17 people wounded, including three children. All casualties have received professional medical care.