Flash News

TREE NEWS update: President Donald Trump said Bombardier will invest $270 million across Texas, Kansas and Indiana, without specifying a timeframe or the breakdown of the spending. The announcement names three states as recipients of the investment.

TREE NEWS reports: Elon Musk has now contributed more than $445 million to Republican midterm election efforts in the current cycle, after injecting additional funds into his super PAC in the first two weeks of October. The total makes him one of the largest donors to such political organizations in history.

TREE NEWS update: China’s home appliance trade-in subsidy program remains in effect, with the National Development and Reform Commission announcing on September 30 that the fourth batch of 62.5 billion yuan (about $8.6 billion) in consumer goods trade-in funds had been allocated. Commerce departments in Anhui, Chongqing and Jiangxi said subsidy quotas remain sufficient and have not been exhausted, refuting social media claims that the program is ending.

TREE NEWS update: China’s Ministry of Finance issued a 30-year bond totaling 25 billion yuan, with an issuance yield of 2.0600% versus an expected 2.0700%. The bid-to-cover ratio was 9.70 times and the marginal ratio 1.24 times.

TREE NEWS reports: China’s ChiNext Index fell 2.14% by the midday close on Oct. 23, dropping below the 2,500-point mark intraday, while the Shanghai Composite slipped 1.2% after briefly losing 3,600 points. More than 4,800 stocks across the Shanghai, Shenzhen and Beijing markets traded lower, with 4,554 decliners against 609 gainers. Insurers, liquor, banks and brokerages bucked the trend, while computing hardware, media, semiconductors and consumer electronics led losses. First-half turnover reached 1.08 trillion yuan.

TREE NEWS update: China’s Ministry of Finance on Oct. 23 auctioned 15.5 billion yuan ($2.1 billion) of 2026-tranche sovereign bonds to institutional investors in Hong Kong, drawing subscription 3.43 times the amount offered. The sale comprised 4 billion yuan of 2-year notes at 1.24%, 5 billion yuan of 3-year notes at 1.28%, 4 billion yuan of 5-year notes at 1.38% and 2.5 billion yuan of 10-year notes at 1.67%.

TREE NEWS update: China’s Ministry of Natural Resources raised its marine disaster emergency response to Level III for Zhejiang and Fujian provinces as Typhoon Champi affects the eastern coast. The upgrade applies to the two coastal provinces in the typhoon’s path.

TREE NEWS reports: UBS Asset Management said US Treasuries are attractive from a longer-term investment perspective and expects the 10-year Treasury yield to decline over the next 12 months. The firm advised investors to seriously consider phased entry into US government bonds.

TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.2710% on the latest fixing, up 0.98 basis points. The seven-day SHIBOR rose 0.50 basis points to 1.3260%, while the three-month SHIBOR slipped 0.03 basis points to 1.4078%. The mixed moves left short-term funding rates slightly higher and the longer tenor marginally lower.

TREE NEWS reports: Shanghai Metals Market data showed the MMLC battery-grade lithium carbonate morning midpoint at 96,650 yuan per tonne, down 1,750 yuan from the previous day’s 16:30 price. The decline reflects the latest move in the battery material’s benchmark price.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session down 1.7% and the broader Topix fell 1.8%. The declines marked a weaker morning for Japanese equities, with both benchmarks finishing the half-day lower.

TREE NEWS reports: Jiangxi province’s GDP for the first three quarters of 2026 totaled 2,759.79 billion yuan, up 3.5% year on year at constant prices, the provincial statistics bureau and the National Bureau of Statistics Jiangxi survey team said. The primary sector added 156.51 billion yuan, up 3.2%; the secondary sector 1,130.67 billion yuan, up 1.6%; and the tertiary sector 1,472.61 billion yuan, up 4.8%.

TREE NEWS reports: Trading volume in several Chinese broad-based ETFs surged, with the E Fund CSI 300 ETF (510310) already exceeding its full-day turnover from the previous session. The ChinaAMC CSI 300 ETF (510330) and ChinaAMC SSE 50 ETF (510050) also posted notably higher volume.

TREE NEWS reports: Bitcoin slid below $81,500 on Friday as the Wall Street tech sell-off spread to Asian equities, with South Korea’s Kospi down 2.3% and Japan’s Nikkei 225 down 1.6% in morning trade. The move extends a broader risk-asset retreat from U.S. markets into Asia.

TREE NEWS reports: Hong Kong’s Hang Seng Index reversed earlier gains to trade down 0.4%, while the Hang Seng Tech Index fell 0.2%. The tech gauge had earlier risen nearly 2% before the pullback.

TREE NEWS reports: The ChiNext Index, which tracks growth-oriented stocks on the Shenzhen Stock Exchange, dropped more than 3% on the session. No further market details were immediately available. The move marks a sharp decline for the tech-heavy benchmark.

TREE NEWS reports: China’s three major stock indices each fell more than 2% on the day, with computing hardware, semiconductor chips, precious metals, and pharmaceuticals leading the declines. Nearly 5,100 stocks across the Shanghai, Shenzhen, and Beijing markets closed lower, and nearly 140 stocks dropped more than 9%.

TREE NEWS update: Six Chinese government departments, including the Ministry of Housing and Urban-Rural Development and the Ministry of Industry and Information Technology, jointly issued guidelines on renovating and upgrading old urban neighborhoods and factory zones. Local authorities must use city inspection results to designate areas with aging housing and infrastructure, shortages of public services and space, and weak industrial vitality as renovation targets, and set the scope and implementation schedule. They must also draft project implementation plans that incorporate urban design requirements.

TREE NEWS reports: The U.S. dollar briefly rebounded to 157.0 against the Japanese yen, trading at 157.029 and down 0.7% over the past 24 hours. The move reflects short-term currency market fluctuations.

TREE NEWS reports: Spot silver fell 2% during the session to trade at $53.51 per ounce. The move marks a sharp intraday decline for the precious metal, which had been trading above the $54 level. No further details on the drivers of the drop were immediately available.