Flash News

TREE NEWS update: China Securities Regulatory Commission Vice Chairman Li Ming said on Oct. 21 that the regulator will keep improving rules for the fund industry and steadily advance the high-level opening of the capital market. Speaking at the CSRC main forum of the 2026 Financial Street Forum, Li said the fund sector must balance serving the real economy with industry growth, expansion with investor returns, innovation with compliance and risk control, and “bringing in” with “going global.”

TREE NEWS update: Nio founder, chairman and CEO Li Bin said China’s national mandatory regulations for L3 autonomous driving will be implemented on July 1 next year, requiring any automaker claiming L3 capability to comply. Speaking at the 2026 World Intelligent Connected Vehicle Conference on Oct. 21, Li said a world-model architecture combined with closed-loop reinforcement learning has markedly improved safety in intelligent driving, and that the technology is converging.

TREE NEWS update: The Panama Canal handled a record 521 million tons of cargo in its fiscal year from October 2025 to September 2026, with nearly 14,000 ships transiting, the canal authority said on October 20. The previous high was 518 million tons in fiscal 2022. The authority attributed the record to the closure of the Strait of Hormuz caused by fighting in the Middle East. The canal carries about 5% of global maritime trade.

TREE NEWS reports: At the US market open, major sector ETFs traded mixed, with the semiconductor ETF and the global technology stocks index ETF each gaining more than 1%. The healthcare sector ETF fell 0.5%.

TREE NEWS reports: SpaceX (SPCX.O) shares opened 8% higher after the company reported third-quarter revenue of $14.6 billion, up 161% year on year. Elon Musk said annual recurring revenue could reach $500 billion to $1 trillion by the end of 2027. Memory stocks also led US equities higher, with SK Hynix (SKHY.O) and SanDisk (SNDK.O) up 4%, Micron (MU.O) up 3% and Nvidia (NVDA.O) up 2%.

TREE NEWS update: Russian President Vladimir Putin and US envoy Steve Witkoff discussed restarting trilateral talks involving Russia, the United States and Ukraine. No date, venue or outcome of the potential negotiations was disclosed. The conversation marks a diplomatic opening on a format that has been dormant amid the ongoing war in Ukraine.

TREE NEWS reports: The dollar fell 0.12% against the yen to 157.977 on Thursday, while gold rose 0.26% to $4,136.48 an ounce and silver gained 0.36% to $57.621 an ounce. The dollar was flat against the offshore yuan at 6.67416. European equities advanced, with the Euro Stoxx 50 up 1.03% at 6,207.06 and Germany’s DAX up 0.97% at 25,659.3, while WTI crude dropped 0.96% to $98.4 a barrel.

TREE NEWS reports: The S&P 500 opened 23.86 points higher, up 0.31%, at 7,736.43. The Dow Jones Industrial Average opened up 156.97 points, or 0.30%, at 52,652.85. The Nasdaq Composite opened up 176.92 points, or 0.67%, at 26,601.73.

TREE NEWS reports: UK government bonds strengthened across all maturities, with the 10-year gilt yield falling 5 basis points to 5.36%. The move reflects a broad-based rally along the curve in the session.

TREE NEWS update: Russian President Vladimir Putin said he is ready to resume trilateral talks in mid-November, Interfax reported. The remark signals a possible restart of negotiations involving three parties, though no further details on the format, venue or participants were given. The statement comes as diplomatic efforts continue over the conflict in Ukraine.

TREE NEWS update: The Kremlin said Russian President Vladimir Putin and U.S. envoy Steve Witkoff discussed joint economic projects. The announcement gave no further details on the projects or the timing of the talks. It was not immediately clear whether the discussions touched on sanctions or other financial matters.

TREE NEWS update: Paris police will maintain a curfew in certain parts of the city on Wednesday night, the force said. The measure keeps restrictions in place for a second evening in selected areas. No further details on the scope or duration of the curfew were given.

TREE NEWS update: Russian President Vladimir Putin and US special envoy Steve Witkoff held “very productive” talks in St. Petersburg, Kirill Dmitriev, head of the Russian Direct Investment Fund and Putin’s investment envoy, said on X. Dmitriev, who also took part in the meeting, gave no further details on the discussions.

TREE NEWS update: Rongbai Technology’s Korean subsidiaries JS Old and JS New plan to lease the Chungju plant and related production assets to Korean AKB, a related party of the controlling shareholder, covering 67,000 tonnes per year of high-nickel ternary cathode capacity. The initial six-month term carries monthly rent of 38.84 billion won (about 18.99 million yuan), or 23.304 billion won (about 114 million yuan) over six months. A ten-year lease intent would total 466.08 billion won (about 2.279 billion yuan), submitted to shareholders.

TREE NEWS update: Iran said the United States must lift its naval blockade and demonstrate good faith in ending the conflict through diplomacy. Negotiations between the two sides have reached a stalemate and threats are escalating, raising concerns that full-scale hostilities could resume.

TREE NEWS reports: Fuel oil led declines as night futures trading opened, dropping more than 2%, while glass, caustic soda, low-sulfur fuel oil, LPG and plastics each fell over 1%. Nickel and stainless steel bucked the trend, gaining more than 1%.

TREE NEWS update: The Bank of Israel kept its benchmark interest rate unchanged at 3.25% on Monday, matching market expectations. The decision leaves the key rate at its current level as policymakers weigh inflation and economic conditions.

TREE NEWS reports: UK public sector net debt exceeded £3 trillion (about 26.8 trillion yuan) for the first time, the Office for National Statistics said on October 21, after September net borrowing came in above expectations. The ONS attributed the rise to higher government spending and rising debt interest costs, adding to the fiscal pressure on the UK government.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said Russia will observe how constructive a role Norway and Finland can play as new participants in efforts to resolve the Ukraine conflict. Norwegian Prime Minister Jonas Gahr Støre and Finnish President Alexander Stubb are the newly added European participants. Russia will watch whether they can actually deliver, Peskov said.

TREE NEWS update: China’s Communist Party Central Committee and State Council said they will identify and screen disruptive technologies while strengthening oversight of new technology applications and exploring “sandbox regulation.” The policy directive, released Wednesday, calls for scouting emerging technologies and applying regulatory pilots to new applications. It did not specify which sectors or technologies would be covered.