TREE NEWS update: China’s National Energy Administration on Oct. 30 called for accelerating major energy projects and expanding effective investment in the energy sector, following an expanded party group meeting. The regulator also urged progress on the 15th Five-Year Plan energy blueprint and its sub-plans, while stressing coal output and price stability, winter power and gas supply, and workplace safety.
TREE NEWS reports: South Korea’s KOSPI index rebounded intraday to narrow its decline to 3%, after earlier dropping more than 5% during the session. The benchmark Seoul Composite staged a short-term recovery as selling pressure eased. The index remains in negative territory for the day.
TREE NEWS update: France and Germany release preliminary third-quarter GDP figures on Friday, alongside eurozone GDP, German unemployment and October CPI readings for France and Germany. Bank of Japan Governor Kazuo Ueda holds a monetary policy press conference, while ECB’s Fabio Panetta and Chief Economist Philip Lane, and Fed officials Barkin, Daly and Musalem, are scheduled to speak. China’s October PMI is due Saturday, and North America moves to standard time on Sunday, delaying US market hours by one hour.
TREE NEWS update: Liaoning province issued a 30-year special local bond of 26.450 billion yuan at a coupon of 2.2000%, with a bid-to-cover marginal ratio of 8.23 times against an expected 2.19. The same auction included 10-, 15- and 20-year tranches totaling 2.230 billion, 8.920 billion and 38.400 billion yuan at 1.6500%, 1.9500% and 2.1400% respectively. The 20-year tranche drew a marginal ratio of 3.56 times versus a 2.13 expectation.
TREE NEWS update: Two residential land parcels in Wuhan were sold on October 30 for a combined RMB 425 million, both at the reserve price. Wuhan Junshan Kerong Urban Development Co. acquired the sites, with floor prices of RMB 2,050 per square meter and RMB 2,100 per square meter. The transaction marks another reserve-price land sale in the city’s property market.
TREE NEWS reports: The Shanghai Composite fell 0.3% at the midday break on October 30, while the Shenzhen Component dropped 0.58% and the ChiNext Index lost 1.18%. Consumer stocks such as baijiu rose against the trend, with Qingdao Food hitting a fifth consecutive limit-up, and pharmaceutical and shipping shares also gained. Decliners outnumbered advancers 2,629 to 2,367, with morning turnover at 1.02 trillion yuan.
TREE NEWS update: Swiss Federal President Guy Parmelin arrived at Beijing Capital International Airport on the morning of the 30th, beginning a three-day visit to China. The trip marks a high-level diplomatic engagement between Switzerland and China. No further details of the visit’s agenda were immediately disclosed.
TREE NEWS update: The yen strengthened against the dollar following the Bank of Japan’s rate decision, with its intraday gain widening to 0.3%. The move came in short-term trading immediately after the central bank announced its policy decision. The material did not specify the rate level or the direction of the BOJ’s decision.
TREE NEWS update: Shenzhen issued seven tranches of special local government bonds, including 10-year, 15-year, 20-year and 30-year tenors. The 10-year bonds priced at 1.6300%, the 15-year at 1.9000%, the 20-year at 2.1300% and 2.1000%, and the 30-year at 2.2000%. Issue sizes ranged from 11.5628 billion yuan to 47.2800 billion yuan, with bid-to-cover marginal multiples between 1.05 and 9.09 times.
TREE NEWS update: The Bank of Japan said its outlook report forecasts do not incorporate the proposed temporary consumption tax cut on food. If the cut proceeds as proposed, it would lower core CPI by 1.3 percentage points and core-core CPI by 1.4 percentage points in fiscal 2027.
TREE NEWS update: The Bank of Japan said real interest rates have risen recently but remain low in the short-term segment, noting that interest costs stay sufficiently low relative to corporate profits. Corporate funding demand is increasing and financial institutions’ lending stance remains positive. The BOJ flagged risks from Middle East conflicts, expanding AI demand and foreign exchange volatility, saying Japan has entered a new phase in which it must watch for inflation overshooting rather than the price-decline risk of the past.
TREE NEWS update: The Bank of Japan said financial conditions remain accommodative and that it will continue raising interest rates in line with economic and price developments. The central bank said it will examine the timing and pace of hikes based on whether the economy and prices track its baseline scenario, and warned that underlying inflation risks are skewed to the upside. Anchoring inflation near the 2% target is essential, it said.
TREE NEWS update: The Bank of Japan will adjust the scale of its annual exchange-traded fund sales to about ¥860 billion starting in January, the central bank said. The change sets the pace of the BOJ’s ETF disposals as it continues to unwind its holdings. No further details on the sales schedule were provided.
TREE NEWS update: Bank of Japan board member Hajime Takata dissented from the rate decision and proposed raising the short-term policy rate target to 1.5%, the BOJ said. Takata argued that underlying CPI inflation has reached the price stability target and that conditions have entered a new phase, requiring the central bank to move faster to bring the policy rate closer to neutral so it can respond flexibly.
TREE NEWS update: The Bank of Japan signaled that inflation trends have reached its target. The central bank’s assessment suggests its price stability goal is being met on a sustained basis. No further details were provided in the material.
TREE NEWS update: The Bank of Japan said underlying inflation has reached a level consistent with its price target and is expected to remain near that level. The central bank flagged the need to watch for upside inflation deviations that could weigh on the economy, noting medium- to long-term inflation expectations are around 2% and that firms are increasingly shifting toward wage and price increases.
TREE NEWS update: The Bank of Japan left its fiscal 2026 core consumer inflation forecast at +2.5%, unchanged from its July projection, while raising the fiscal 2027 view to +2.6% from +2.4%. The central bank kept its fiscal 2028 core CPI forecast at +2.0%, also unchanged from July.
TREE NEWS update: The Bank of Japan lifted its fiscal 2026 real GDP growth forecast to +0.7% from +0.6% projected in July, while trimming its fiscal 2027 estimate to +0.7% from +0.8%. The central bank kept its fiscal 2028 forecast unchanged at +0.8%.
TREE NEWS update: The Bank of Japan kept its short-term interest rate target unchanged at 1.25% on Friday, in line with expectations. The decision was made by an 8-1 vote of the policy board.
TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.2890% on the latest fixing, up 0.70 basis point. The 7-day SHIBOR rose 5.20 basis points to 1.3920%, while the 3-month SHIBOR edged up 0.01 basis point to 1.4010%. The move reflects a modest tightening in short-term yuan liquidity.