Flash News

TREE NEWS reports: Bitcoin dipped to an hourly close of $80.1K on Oct. 15, sweeping the average cost basis of U.S. spot ETFs and corporate treasuries clustered between $80K and $81.5K before buyers stepped back in. Glassnode flagged resistance at $85K–$87.5K from 6-to-12-month holders, Binance spot asks and the largest liquidation cluster. U.S. spot ETFs drew $653 million on Oct. 19, the biggest day since Sept. 22, while volumes stayed weak.

TREE NEWS reports: The risk premium on French 10-year government bonds rose to 175 basis points, reflecting the yield spread investors demand to hold French sovereign debt over benchmark alternatives. The level marks the latest reading on the spread, a closely watched gauge of market sentiment toward French fiscal risk.

TREE NEWS update: E Fund, ChinaAMC, Fullgoal and China Universal each announced plans to subscribe 200 million yuan of their own capital to their actively managed ETFs, bringing self-purchases in the first batch of such products to 1.3 billion yuan. The four filings follow Morgan Asset Management’s 500 million yuan commitment two days earlier. The funds disclosed the subscriptions in separate announcements.

TREE NEWS reports: The U.S. Department of Defense is preparing a new deep-cover espionage program that would deploy American operatives posing as businesspeople or private-sector personnel without public U.S. government affiliation. 21. The operatives would form a covert force within a broader Pentagon economic-warfare campaign against U.S. competitors. Experts from the military services and the office of the under secretary of defense for intelligence and security, along with retired CIA officials, have been tapped for the effort, which is still in the planning stage.

TREE NEWS reports: The Egyptian pound fell to a record low against the US dollar in offshore trading. The move marks a new all-time low for the currency in offshore markets, with no further details immediately available on the level or the timing of the drop.

TREE NEWS update: Zijin Mining’s wholly owned subsidiary Zijin Gold (Group) received a securities transfer registration confirmation on Oct. 22, 2026, completing the transfer of 241,925,746 Chifeng Jilong Gold Mining A-shares held by former controlling shareholder Li Jinyang and her concert party Zhejiang Hanfeng Venture Capital Partnership. The transfer gives Zijin Mining control of Chifeng Gold, the company said in a filing.

TREE NEWS update: French President Emmanuel Macron said the government will seek to ban protests not organized by trade unions. The statement, reported without further detail, signals a move to restrict demonstrations that lack formal union backing. No timeline or legislative mechanism was specified.

TREE NEWS update: China’s Ministry of Industry and Information Technology has drafted a decision to amend six administrative regulations, including the measures governing road motor vehicle manufacturers and product access and the provisions on new energy vehicle manufacturer and product access. The draft, prepared by the ministry’s industrial policy and regulations department, is now open for public comment. Other rules covered include telecom construction quality supervision, monitored chemicals implementation details, radio frequency licensing and amateur radio station management.

TREE NEWS reports: Bitcoin is again testing its ETF cost basis of about $81,000, a level that capped its May rebound before a sharp selloff and was briefly breached and quickly reclaimed last week, Glassnode said. The analytics firm warned that a decisive close below that level could push BTC down toward the $70,000 range.

TREE NEWS reports: South Korea’s KOSPI index fell 14.5% on October 22, its biggest drop since October 2008, with Samsung Electronics and SK Hynix shares sliding 17% to 24%. QCP Capital flagged widening tech credit spreads, noting CoreWeave’s CDS spread widened to 1,128 basis points versus Oracle’s 300, while stalled Hormuz Strait talks and a 30.5% yearly drop in U.S. strategic petroleum reserves to 283 million barrels added to energy supply concerns. Strategy also faces potential removal from the MSCI index in its November review, slowing its bitcoin purchases.

TREE NEWS update: Dai-ichi Life Insurance plans to increase the amount of low-yielding Japanese government bonds it swaps into higher-yielding debt this fiscal year to more than ¥1 trillion, investment planning general manager Naoto Ichimura said Thursday. The insurer had initially set a target of about ¥1 trillion in April and has already swapped roughly ¥500 billion ($32 billion) between April and June. Its overall bond holdings are expected to be roughly flat for the fiscal year.

TREE NEWS reports: The yen strengthened to its highest level in nearly a year against the euro on Thursday, with the euro falling as much as 0.9% to 176.02 yen, its lowest since Nov. 5, 2025. The dollar also dropped 0.9% to 156.77 yen, marking a third straight day of declines. Sumitomo Mitsui Banking Corp. chief FX strategist Hirofumi Suzuki said falling Japanese equities heightened risk aversion, while recent stability in the JGB market supported the yen.

TREE NEWS reports: The UK’s CBI industrial orders balance fell to -32 in October, down from -9 the previous month and well below the -20 expected by economists. The reading points to a sharp deterioration in manufacturing order books at the start of the fourth quarter.

TREE NEWS update: China’s National Development and Reform Commission said investors can continue to invest in overseas financial markets through channels including Qualified Domestic Institutional Investors, Stock Connect and Cross-boundary Wealth Management Connect, under the newly issued Overseas Investment Management Measures. The rules reaffirm that investors include domestic enterprises, other organizations and resident individuals, broadening the definition from the 2017 version, which mainly covered enterprises and non-enterprise organizations.

TREE NEWS reports: JPMorgan global markets strategist Nikolaos Panigirtzoglou and his team said the recent decline in semiconductors shows most long positions, including those of momentum investors, have been closed out. While near-term headwinds persist, that positioning adjustment may have limited further downside, the team said. JPMorgan also flagged financing risk at new cloud companies, arguing strong demand for computing resources could let them pass higher financing costs to end customers.

TREE NEWS update: The Asset Management Association of China has opened public consultation on revisions to eight of its self-regulatory valuation rules for securities investment funds, covering areas including stock valuation indices, gold ETFs, Stock Connect clearing and accounting, fund-of-funds valuation, restricted shares, credit derivatives, fixed-income instruments and private equity. Some of the revised rules also involve changes to their titles.

TREE NEWS update: China’s National Development and Reform Commission published a new Outbound Investment Management Measures, comprising 76 articles across six chapters, to better safeguard the development and security of outbound investment. The rules take effect on December 1, 2026, replacing the 2017 Measures for the Administration of Overseas Investment by Enterprises. Investors will have decision-making autonomy over outbound investment and bear their own risks and profits, while the state supports market-based outbound investment and participation in international cooperation.

TREE NEWS update: Saudi Aramco has instructed employees to leave its Dhahran headquarters and switch to remote work, the company told staff on Wednesday. No reason was given for the order, and the company did not say how long the arrangement would last. Dhahran is the site of Aramco’s main corporate offices in the kingdom’s Eastern Province.

TREE NEWS update: China’s National Development and Reform Commission issued new rules for outbound investment, stating that the filing management regime applies to non-sensitive outbound investment made directly by investors, including direct asset or equity contributions and the provision of financing or guarantees. For investors that are central state-owned enterprises, the filing authority is the NDRC; for local enterprises with Chinese investment of $300 million or more, the NDRC is also the filing authority.

TREE NEWS update: China’s National Development and Reform Commission published a revised Outbound Investment Management Measures on Oct 22, replacing the 2017 rules on overseas investment by enterprises. The new regulation contains 76 articles across six chapters covering general provisions, guidance and services, supervision, protection, legal liability and supplementary rules. It takes effect on Dec 1, 2026, when the 2017 measures are simultaneously repealed.