TREE NEWS reports: China’s 30-year government bond futures fell 0.5%, marking the contract’s largest single-day decline in a month. The move reflects a sharp selloff in the long end of the Chinese sovereign curve. No further details were immediately available.
TREE NEWS reports: Vietnam’s benchmark VN Index fell 1% during intraday trading. The decline marks a pullback in Vietnamese equities. No further details on the drivers or individual stock moves were provided.
TREE NEWS reports: Average steel inventories at key Chinese steelmakers reached 16.85 million tonnes in the first three quarters, the highest level in four years, the China Iron and Steel Association said. Stockpiles were up 8.7% from a year earlier, 3.6% from 2024 and 1.6% from 2023. In early October, mill inventories stood at 16.97 million tonnes, up 8.4% month on month and 20.0% since the start of the year, while social inventories rose 2.7% on the month and 30.2% year to date.
TREE NEWS update: China’s State Administration for Market Regulation held a corporate fair-competition forum in Beijing on Oct. 28, meeting with executives from internet platforms, automotive and pharmaceutical companies to discuss antitrust and anti-unfair-competition work and the building of a unified national market. Deputy Director Pan Xiaodong attended and spoke, and the regulator solicited companies’ opinions and suggestions.
TREE NEWS reports: The MMLC battery-grade lithium carbonate early-session midpoint price stood at 92,800 yuan per tonne, down 2,600 yuan from the prior day’s 16:30 level. The figure reflects the morning reference price for the key battery material used in lithium-ion cells.
TREE NEWS reports: Japan’s Nikkei 225 fell 2.5% by the end of the morning session, while the broader Topix index declined 1.3%. The drop marks a sharp morning sell-off in Japanese equities, with both benchmarks closing the half-day lower.
TREE NEWS update: Shanxi province issued six special local government bonds, including a 10-year shantytown redevelopment bond of 410 million yuan at a coupon of 1.68% with a bid-to-cover marginal ratio of 5.80 times against an expected 1.69 times. The tranches also included a 20-year toll-road bond of 122 million yuan at 2.16% and a 30-year other special bond of 220 million yuan at 2.20%, which drew a marginal ratio of 9.00 times versus an expected 2.17 times.
TREE NEWS update: The Communist Party of China will strictly implement democratic centralism as a key focus of its drive to enforce full and rigorous Party self-governance, Hu Heping, executive deputy head of the Central Propaganda Department, said at a press conference. The CPC Central Committee’s Decision on Persisting in Advancing Full and Rigorous Party Self-Governance sets out specific arrangements in four areas, Hu said, noting the principle’s role in safeguarding the Party’s centralized unity and in regulating how leading bodies and officials exercise power.
TREE NEWS update: The draft of the CPC Central Committee’s Decision on Persisting in Strict Party Governance was prepared under the leadership of the Party Central Committee, said Tang Fangyu, director of the Central Policy Research Office, at a press conference on Friday. Xi Jinping, general secretary of the CPC Central Committee, headed the drafting group and chaired two symposia, three Standing Committee meetings and two Politburo meetings to hear reports. The draft received 1,173 suggested revisions, of which 208 were incorporated.
TREE NEWS update: The Communist Party of China’s Central Committee adopted a decision on advancing full and rigorous party self-governance at its Fifth Plenary Session, the party’s Central Policy Research Office director Tang Fangyu said on October 30. Tang called the adoption the plenum’s most important outcome, saying the strategic deployment on party management was necessary as the party marks its 105th anniversary and the start of the 15th Five-Year Plan period.
TREE NEWS reports: The Bank of Japan is widely expected to keep interest rates unchanged at its October meeting, avoiding a precedent-setting back-to-back hike that could unsettle markets. Investors will watch for dissent from hawkish board members such as Takata, and whether the quarterly outlook report formally confirms core inflation has reached the 2% target while maintaining an upward bias to inflation risks. With the Federal Reserve holding rates steady and the yen under pressure, Governor Ueda’s comments on currency moves and the pace of future hikes will also be in focus.
TREE NEWS update: A Russian drone struck a train at the railway station in Dnipro on 29 March, killing 14 people and injuring 14 others, six of them critically, according to the head of the Dnipropetrovsk regional military administration, Ganzha. Moscow has not responded to the attack.
TREE NEWS reports: Brent crude futures rose about 2.8% to $113.87 a barrel and WTI crude futures gained about 2.8% to $104.86 a barrel as international oil prices moved higher. The move reflects a sharp intraday advance in both benchmarks.
TREE NEWS reports: Robot-themed stocks in China’s A-share market continued their rally, with Julun Intelligent and Tianqi Shares hitting the daily limit-up. Daye Co., Mingzhi Technology, Zhengyu Industrial and Buke Shares each rose more than 6%. No specific catalyst for the move was disclosed.
TREE NEWS reports: China’s large-scale cultural and related industry enterprises posted operating revenue of 10.821 trillion yuan in the first three quarters, up 4.3% year on year, the National Bureau of Statistics said. Total profits fell 7.3% to 831.7 billion yuan over the same period, and the operating revenue profit margin dropped 0.96 percentage points to 7.69%.
TREE NEWS reports: China’s treasury futures opened higher, with the 30-year main contract rising 0.15%, the 10-year up 0.04% and the 5-year up 0.03%, while the 2-year main contract was flat at 0.00%. The move reflects modest gains across the curve at the open of trading.
TREE NEWS reports: The Shanghai Composite opened at 3605.65 on Thursday, down 1.25%, while the Shenzhen Component fell 2.40% to 10871.13 and the ChiNext Index dropped 3.29% to 2434.80. The CSI 300 opened 1.40% lower at 3985.24, the STAR 50 fell 3.02% to 1190.95, and the CSI 500 and CSI 1000 opened down 2.10% and 2.11% at 6318.16 and 6243.98 respectively.
TREE NEWS update: The People’s Bank of China injected a net 15 billion yuan ($2.1 billion) into the banking system on Thursday through open market operations. The central bank conducted 15 billion yuan of seven-day reverse repos at a 1.40% rate, unchanged from the previous operation, alongside 100 billion yuan of overnight reverse repos. A total of 100 billion yuan of reverse repos matured on the day.
TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.23% higher at 23,011.29 on Wednesday, while the Hang Seng Tech Index fell 0.63%. Midea Group rose nearly 4%, with Trip.com, Xiaomi and NetEase each gaining more than 1%.
TREE NEWS update: German Chancellor Friedrich Merz said the European Union will be the first to propose a better plan when free trade and the rules-based trade order come under pressure, and that the bloc wants to offer opportunities beyond bilateral agreements. Merz made the remarks in comments published on the subject of EU trade policy. He did not specify what the plan would contain or when it would be presented.