Flash News

TREE NEWS update: South Korea’s defense ministry said on the 22nd that North Korea must return to the negotiating table to prevent an accidental clash between the two Koreas caused by differing perceptions. The ministry did not specify what perceptions it was referring to or propose any new talks. The call comes amid continued tension on the peninsula.

TREE NEWS reports: The ChiNext Index fell below the 2,600-point level in afternoon trading, down more than 3.5% on the day. The index has now retreated more than 40% from its all-time high.

TREE NEWS reports: Brent crude gained 2.0% on the day to trade at $111 a barrel. The move marks a fresh intraday advance for the global oil benchmark.

TREE NEWS update: Nestlé reaffirmed its full-year organic sales growth guidance of 3% to 4%, below the market estimate of 3.51%. The food and beverage giant is holding its outlook despite expectations for a slightly stronger performance.

TREE NEWS update: Moscow Mayor Sergei Sobyanin said 630 drones attacked the Moscow region overnight from October 21 to October 22, with most destroyed at long range by air defense systems and 163 intercepted as they approached the city. The attack, which took place between 8:30 p.m. on October 21 and 4 a.m. on October 22, injured two people in the New Moscow area, who are receiving medical treatment. Emergency crews are working at sites where drone debris fell.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said it struck four oil tankers it described as “violating” rules, the IRGC announced. The statement did not specify where the strikes took place, which tankers were involved, or what violations were cited, and gave no casualty or damage details. The announcement comes amid heightened tensions in regional waters.

TREE NEWS update: Central banks in Indonesia, the Philippines and Turkey are scheduled to hold rate meetings, while the European Central Bank enters its quiet period ahead of its next policy meeting. The US releases initial jobless claims for the week of Oct. 17 at 20:30 Beijing time, alongside the Conference Board’s September leading index and the Kansas City Fed’s October manufacturing index. Nokia reports before the European open and Western Digital reports after the US close.

TREE NEWS update: Hainan province issued a 30-year toll road special local government bond totaling 3.764 billion yuan at a coupon of 2.2000%, with a bid-to-cover margin ratio of 1.92 times against an expected 2.18. The province also sold 10-, 15-, 20- and 30-year other special bonds and general bonds, with 10-year and 15-year tranches pricing at 1.6700% and 1.9700% respectively.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps is preparing to unveil a new weapon it calls the “father of all bombs,” IRGC spokesman Hossein Mohebbi said on 21st. “We are preparing to present the most powerful bomb ever… this is something new we are showing our enemies,” Mohebbi said, adding that the United States had previously used the “mother of all bombs.” He gave no further details.

TREE NEWS reports: India’s stock market volatility gauge, the VIX, rose 5.3% on the day to hit a four-month high. The jump signals heightened expected swings in Indian equities.

TREE NEWS update: China-Europe freight train services surpassed 140,000 cumulative trips on Monday, with total cargo value exceeding $560 billion, as train X8059 departed Shenyang Puhe station for Moscow. The milestone train carried home appliances and auto parts, exiting through the Manzhouli border crossing and expected to reach Moscow in about nine days. It was the 280th such train dispatched this year from Shenyang’s consolidation center.

TREE NEWS reports: China’s total EV charging infrastructure reached 24.777 million units as of the end of September 2026, up 37.2% year on year, according to data from the national charging facility monitoring service platform. Public charging points totaled 5.207 million, up 16.3%, with rated capacity of 266 million kilowatts and an average of about 51.10 kilowatts per connector. Private charging points rose 44.0% to 19.570 million, with installed capacity of 167 million kilovolt-amperes.

TREE NEWS update: Hong Kong Financial Secretary Paul Chan Mo-po will visit Beijing from October 22 to 24, the Hong Kong government announced. The trip covers a three-day period in the Chinese capital. No further details on the agenda or meetings were disclosed.

TREE NEWS reports: Several broad-based ETFs in China saw concentrated trading volume spikes approaching the midday break, with the ChinaAMC CSI 500 ETF (510500) and CSI 1000 ETF (512100) each trading over 3 billion and 2 billion yuan respectively within half an hour. The E Fund ChiNext ETF (159915) and Huaxia STAR 50 ETF (588000) recorded combined turnover exceeding 7.6 billion yuan.

TREE NEWS reports: The ChiNext Index fell 2.77% by the midday close on October 22, while the Shanghai Composite dropped 0.89% and the Shenzhen Component lost 1.78%. Robot-concept stocks moved against the trend, with Daye Co. hitting a fifth straight limit-up, while computing hardware names slid and New Easyway fell nearly 10%. More than 4,000 stocks declined across the three exchanges, with morning turnover at 928 billion yuan.

TREE NEWS update: Kim Yo Jong, a department director of the Workers’ Party of Korea Central Committee, warned South Korea early on the 22nd against interfering in North Korea’s normal border construction, saying the permanent fortification of the southern border will proceed unswervingly. She said North Korea has not committed any “provocation” but is responding legitimately, and that once the inter-Korean border is fortified, the risk of military conflict will drop markedly.

TREE NEWS update: Heilongjiang issued a 7-year general special local government bond of 2.88054 billion yuan at a 1.5200% yield, with a marginal bid-to-cover ratio of 5.29 times versus an expected 1.52. The province also issued a 30-year general special local government bond of 2.24536 billion yuan at a 2.1600% yield, with a marginal ratio of 18.82 times versus an expected 2.19.

TREE NEWS update: Bank of Korea Governor Shin Hyun-song said the central bank does not necessarily have to follow the terminal policy rate anticipated by financial markets. The remark signals the BOK may keep its own counsel on where rates end up rather than anchoring to market pricing. No further details on the rate path were given.

TREE NEWS update: Hubei’s gross domestic product for the first three quarters of 2026 reached 4,738.597 billion yuan, up 4.7% year on year at constant prices, the provincial government’s information office said at a press conference. Primary industry output rose 2.9% to 382.600 billion yuan, secondary industry gained 5.8% to 1,825.399 billion yuan, and tertiary industry increased 4.2% to 2,530.599 billion yuan.

TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.2612%, up 0.02 basis points, while the 7-day SHIBOR fell 0.30 basis points to 1.3210%. The 3-month SHIBOR declined 0.29 basis points to 1.4081%. The rates reflect the latest interbank lending benchmarks in China’s money market.