Flash News

TREE NEWS reports: Asia may need to invest as much as $1 trillion a year in energy over the next 15 years to safeguard energy supply, McKinsey said in a report. The estimate covers the annual capital required to keep the region’s energy system secure through the period.

TREE NEWS reports: Citigroup said near-term oil price risks remain skewed to the upside even as Gulf crude exports recover, because persistent shipping bottlenecks are keeping landed supply tight. The bank’s view, reported on Wednesday, points to continued friction in physical crude flows rather than a demand-driven price move.

TREE NEWS update: Japan’s Finance Minister Satsuki Katayama said Japanese financial institutions have handled the PHP vulnerability issue relatively smoothly and she expects them to continue taking necessary action. Katayama also declined to comment on restoring gasoline subsidies, saying household living conditions will be taken into consideration.

TREE NEWS reports: Nikkei 225 futures dropped 1.5% in pre-market trading, pointing to a weaker open for Japanese equities. The move reflects selling pressure ahead of the cash market session. No further details were immediately available.

TREE NEWS reports: Japan’s September headline and core CPI rose more than 2% year-on-year, the first time both measures have topped that threshold since December 2025. Core-core CPI also climbed above 2% for the first time since March this year. The data marks a broad pickup in Japanese inflation across all three gauges.

TREE NEWS reports: Japan’s September core-core CPI, which strips out fresh food and energy, rose 2.4% year on year, exceeding the 2.3% consensus forecast and accelerating from 1.9% in the prior month. The reading points to broadening underlying price pressure in Japan.

TREE NEWS reports: Japan’s September consumer price index rose 2.1% year-on-year, in line with the 2.1% forecast and accelerating from 1.9% in the previous month. The reading marks a pickup in headline inflation from August’s pace.

TREE NEWS reports: China’s shipbuilding industry captured 81.8% of global new vessel orders in January-September 2026, the Ministry of Industry and Information Technology said. New orders reached 175.29 million deadweight tonnes, up 163.2% year on year, while completed tonnage rose 50.7% to 58.05 million dwt. China’s order backlog stood at 399.13 million dwt at end-September, up 64.8% and equal to 72.4% of the global total.

TREE NEWS update: Paris police extended a curfew in designated areas around Place de la République and the Forum des Halles commercial district until 6 a.m. on October 25, the Paris Police Prefecture announced on October 22. The extension was ordered at the request of French Prime Minister Sébastien Lecornu and Interior Minister Laurent Nunez.

TREE NEWS reports: The UK’s National Audit Office warned that HM Revenue & Customs may fail to recover nearly half of its tax debt balance, putting £20.2 billion ($27 billion) at risk. HMRC’s tax debt stood at £43.8 billion at the end of the 2025-26 fiscal year, with more than half of it aged over a year, as debts have risen sharply since the COVID-19 pandemic and become harder to collect.

TREE NEWS reports: Samsung Electronics and SK Hynix fell at least 2.9% in premarket trading on Korea’s Nextrade. The two chipmakers’ declines came in pre-market activity on the alternative trading platform.

TREE NEWS reports: More than 200 Chinese A-share listed companies had disclosed their 2026 third-quarter results as of October 22, with over 60% reporting year-on-year growth in net profit for the first three quarters. Fund managers said the market consensus is shifting toward earnings delivery, and that sectors with confirmed profit growth are drawing capital attention as overall risk appetite remains low.

TREE NEWS reports: China’s bank wealth management products totaled 35.37 trillion yuan ($4.9 trillion) in outstanding balance at the end of the third quarter of 2026, up 10.08% year on year, according to a quarterly report released on October 21 by the Banking Wealth Management Registration and Custody Center. The market held 54,300 products, with wealth management subsidiaries accounting for 32.92 trillion yuan, or 93.07% of the total.

TREE NEWS reports: UK GfK consumer confidence fell to -24 in October, missing expectations of -14 and down from -13 the prior month. The 11-point drop leaves the index at its lowest in the current sequence and signals a sharp deterioration in household sentiment. No further breakdown of the survey components was provided.

TREE NEWS reports: A-share companies are continuing to announce dividend plans in the third-quarter reporting window, after interim payouts hit a record high in half-year reports. Companies including Shengnong Development, Zijin Longjing and Shanshui Technology have disclosed profit distribution plans for the first three quarters. Financial, energy, technology and pharmaceutical sectors remain the main contributors, while growth firms in AI and power-battery supply chains are increasingly participating.

TREE NEWS reports: China’s shipbuilding completion volume rose 50.7% year on year in the first three quarters. The country’s second domestically built large cruise ship, Adora Flora City, is nearing delivery, and construction has begun on the world’s largest 271,000-cubic-meter LNG carrier. Shipyard executives expect strong demand to persist through 2030, driven by the retirement of aging vessels and dual-carbon emission-reduction requirements.

TREE NEWS reports: China’s A-share market has kept adjusting recently, but positive signals are emerging, with equity ETF inflows continuing and several listed companies announcing buybacks, share purchases by major holders, and forecasts of sharp third-quarter profit growth. Analysts said that after the sustained pullback, earlier supply pressure has been released and the valuation correction has raised the market’s allocation appeal, limiting room for further declines. With long-term funds stepping in, the market is expected to stabilize gradually.

TREE NEWS update: Jiangxi Provincial Financial Asset Management Co. announced it has been approved to conduct market-based debt-to-equity swap business. Since the National Financial Regulatory Administration clarified last July that qualified local AMCs could undertake such business, several local AMCs have received approvals, with some completing their first projects. The equity-debt tool opens new space for local AMCs to pursue investment-bank-style transformation and participate in regional debt resolution and listed-company bailouts, though the business remains at an exploratory stage.

TREE NEWS reports: China’s 10-year government bond yield fell to a record low of 1.6414% as of Oct. 22, prompting small and mid-sized banks to turn cautious on duration risk. A financial markets executive at a rural commercial bank in western China said the bank has added no new bond holdings this year, while other small banks said bond investment continues at its original pace.

TREE NEWS reports: China’s convertible bond market has undergone a correction that pressured product net asset values, but the risk-reward ratio has now improved noticeably. Overall valuations remain in the high range of the past decade, with AI-related technology sectors such as telecommunications and electronics hit notably hard. Fund managers are adjusting positions to guard against risk while seeking structural opportunities, though timing depends on equity market stabilization and new capital inflows.