Flash News

TREE NEWS reports: South Korea and the United States are continuing negotiations over US chip tariffs, a South Korean minister said. The talks aim to address trade measures affecting semiconductors, with details still under discussion. No outcome was announced.

TREE NEWS update: President Donald Trump announced on Truth Social on September 3 that Adam Telle, currently Assistant Secretary of the Army for Civil Works, will become Acting Secretary of the Army. The appointment takes effect immediately.

TREE NEWS reports: As A-share half-year reports close, Q2 holdings of social security funds, insurers, and basic pension funds show consensus additions in banks, AI computing, new productive forces, and safe-haven assets, while consumer sector allocations diverged in pace and focus.

TREE NEWS reports: JPMorgan strategists said a break of USD/JPY below 155 could accelerate yen appreciation as massive yen short positions unwind. They estimate short positions at 16-17 trillion yen, and a full unwinding could push USD/JPY to 142-146. The team, including Junya Tanase, noted recent price action supports the view that relatively large shorts remain, though they see a substantive break below the assumed 155-165 range as unlikely.

TREE NEWS reports: As 2026 interim reports close, A-share listed firms show faster profit growth but widening sector divergence. Electronics, AI hardware, nonferrous metals, chemicals and high-end manufacturing beat expectations, while agriculture, property, building materials, steel and some consumption lag. Fund managers say tech growth enters an ‘earnings verification’ phase, where outperformance depends on converting AI trends into orders, revenue and profit, not just concept exposure.

TREE NEWS update: Since 2026, 17 biotech companies have listed on HKEX, raising HK$18.501 billion, accounting for 16.19% of the 105 new listings. Meanwhile, 110 biotech firms filed for Hong Kong IPOs this year, covering oncology, CGT, radiopharma, ophthalmology, and medical devices. A notable trend: many A-share drugmakers pursue dual listings, with some making repeated filings.

TREE NEWS update: Global markets face a data-heavy Friday (Beijing time): Korea’s finance minister holds a market assessment at 08:00; German July factory orders due at 14:00; BoE’s Bailey and ECB’s Lane speak at 16:50 and 17:00; US August nonfarm payrolls (including employment, unemployment, average hourly earnings) and Canada’s August employment report at 20:30; OPEC+ monthly meeting on Sunday.

TREE NEWS reports: Chinese insurers are increasing their allocation priority to dividend-yielding stocks for Q4, according to an equity investment head at a major Shanghai insurer on September 3. The shift comes as A-share market volatility widens and the market transitions from oversold rebound to range-bound trading, making dividend assets more attractive.

TREE NEWS update: US Trade Representative Jamieson Greer said trade and tariffs are not dragging on the economy. Asked directly whether they pose a drag, he answered: no. The remarks come amid ongoing tariff policy debates.

TREE NEWS reports: Local government bond issuance surged to 1.19 trillion yuan in August, a record high for the year. New special bonds totaled 518.8 billion yuan, second only to June, while new general bonds reached 122.7 billion yuan, second to February. Funds are split between stabilizing investment and debt resolution, with over half of special bonds for projects and Guizhou issuing the year’s first refinancing general bond for existing debt.

TREE NEWS update: US Trade Representative Jamieson Greer will meet Mexico’s trade minister on the afternoon of September 3. The meeting was announced without further details on agenda or location.

TREE NEWS update: US Trade Representative Jamieson Greer said the US cannot meet Canada’s demands in trade negotiations, having hoped Ottawa would offer more tariff relief. He noted receiving text messages and engaging with Canada, but no dialogue has occurred since talks recently broke down.

TREE NEWS update: Armenian Prime Minister Nikol Pashinyan said on March 3 in Yerevan that Armenia will not abandon the bill on starting EU accession, which was passed by parliament earlier. He said the bill reflects the will of the Armenian people, and if anyone suggests dropping it, his answer is “impossible.”

TREE NEWS update: Brazil’s Senate has approved legislation eliminating taxes on small-value imported goods. The measure now moves to the lower house for further consideration. If enacted, it would reduce costs for consumers purchasing low-priced items from abroad, potentially impacting e-commerce and cross-border trade.

TREE NEWS reports: US long-term Treasury yields have climbed to near 20-year highs, driving yields higher across many countries. A German scholar told state media that US debt growth shows no sign of slowing, and the rise in Treasury yields is transmitting through international financial markets. The higher financing costs add extra pressure on Germany as it expands defense and infrastructure spending.

TREE NEWS reports: FTSE China A50 index futures rose 0.40% in the overnight continuous session, closing at 14,613 points. The gain reflects positive sentiment in Chinese equities amid global market moves.

TREE NEWS reports: The US Rate-Cut Winners Index rose 1.27% to 94.04 points on Thursday (September 3), after an initial surge that peaked at 94.80 points at 21:36 Beijing time before retreating. The index tracks stocks likely to benefit from Federal Reserve rate cuts.

TREE NEWS reports: US stock index futures closed higher Thursday night in New York. S&P 500 futures rose 0.97%, Dow futures gained 1.13%, and Nasdaq 100 futures climbed 1.08%. Russell 2000 futures added 0.41%.

TREE NEWS reports: The offshore yuan (CNH) traded at 6.7175 per dollar late Thursday in New York, down 5 pips from Wednesday’s close. The currency traded in a range of 6.7207-6.7162 during the session.

TREE NEWS reports: MSCI’s emerging markets stock index rose 0.2% today, while its foreign exchange index also gained 0.2%. The move reflects modest risk appetite in developing markets.