TREE NEWS update: The Korea Exchange activated its SIDECAR circuit breaker on KOSPI, suspending programmatic sell orders. The mechanism halts automated trading temporarily to curb sharp market swings. No further details on duration or trigger threshold were given.
TREE NEWS reports: Ukraine has suspended attacks on Russian oil refineries under pressure from US President Donald Trump, a Ukrainian source told The Wall Street Journal on October 29. The pause began early last week and is expected to last until after the US midterm elections on November 3, and possibly longer. Relevant parties have not commented on the report.
TREE NEWS reports: The US 10-year Treasury yield dropped 8.5 basis points to 4.902% on Wednesday, its lowest level in seven weeks. The two-year yield fell 8.7 basis points to 4.5648%, also a seven-week low. Fed funds rate futures rose as traders reduced bets on a Federal Reserve rate hike, now pricing about a 70% probability of a December increase.
TREE NEWS reports: The MSCI Asia-Pacific Index fell 1.2% to 259.45 points. The decline marks a broad pullback across Asia-Pacific equities, with the benchmark giving up ground in the session. No further detail on the drivers of the move was provided.
TREE NEWS reports: Taiwan’s TAIEX weighted stock index opened lower, falling 2.1% to 45,398.89 points in early trading. The benchmark’s decline marks a weak start to the session for the island’s equity market.
TREE NEWS reports: Shanghai silver’s main futures contract fell more than 4% at the open of Chinese commodity trading, while Shanghai tin dropped nearly 4% and lithium carbonate lost 3%. Para-xylene, platinum and PTA each declined more than 2%, with caustic soda bucking the trend to gain over 2%.
TREE NEWS reports: FTSE China A50 index futures opened down 0.67% on the current session, extending a 0.33% decline from the prior overnight session. The early move reflects pressure on the benchmark tracking the largest A-share companies.
TREE NEWS reports: SK Hynix shares fell more than 8% while Samsung Electronics dropped over 5%. The declines mark sharp single-session losses for two of South Korea’s largest semiconductor makers. No further details on the cause or timing of the moves were provided.
TREE NEWS update: Japan’s Chief Cabinet Secretary Minoru Kihara said the government will draw on ¥1.1 trillion in reserve funds to support fuel price subsidy measures. The announcement, made on behalf of the cabinet, confirms the fiscal source for the subsidy program without specifying a timeline for disbursement.
TREE NEWS reports: Nasdaq 100 futures deepened their intraday loss to 2%, with shares of Amazon and Intel coming under pressure in after-hours US trading. The move reflects a broader selloff in technology stocks, with no specific corporate catalyst disclosed in the material.
TREE NEWS reports: Margin financing balances across the Shanghai and Shenzhen stock exchanges fell by a combined 26.108 billion yuan as of October 29. The Shanghai Stock Exchange margin balance stood at 1.218189 trillion yuan, down 12.119 billion yuan from the prior session, while the Shenzhen Stock Exchange balance was 1.130963 trillion yuan, down 13.989 billion yuan. The two markets totaled 2.349152 trillion yuan.
TREE NEWS reports: Australia’s private sector credit rose 0.6% month-on-month in September, exceeding the 0.5% forecast, with the prior month’s reading unchanged at 0.6%. The faster-than-expected growth in lending to businesses and households points to continued demand for credit in the Australian economy.
TREE NEWS reports: Australia’s producer price index rose 3.6% year-on-year in the third quarter, matching the prior reading of 3.6%, the latest data showed. The steady pace indicates pipeline price pressures held at the same level as the previous quarter. No further breakdown of the index components was provided.
TREE NEWS update: The Export-Import Bank of China issued a 1-year bond with a size of 1.5 billion yuan, at an issuance rate of 0.0000% versus an expected 0.0000%. The bid-to-cover ratio was 1.00 times and the marginal multiple was also 1.00 times. The bond sale took place on the date of the announcement.
TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps Navy said on the 29th that three “violating” oil tankers struck mines and caught fire in the southern part of the Strait of Hormuz over the past 24 hours, after which they were abandoned in the southern waters of the strait. The statement did not identify the vessels, their flags or the extent of any casualties or spill.
TREE NEWS reports: SoftBank Group shares fell 5.7% on Tuesday. The decline marks a sharp single-day move for the Japanese technology investment conglomerate. No further details on the cause of the drop were immediately available.
TREE NEWS reports: South Korea’s benchmark KOSPI index fell more than 4%. The drop marks a sharp single-session decline for the Seoul stock market. No further details on the cause or specific sector moves were provided.
TREE NEWS reports: Japan’s Nikkei 225 index extended its decline to 1.2% on the day, with the benchmark’s losses widening during the session. The move marks a sharper pullback for Japanese equities, though the material did not specify which sectors or stocks drove the drop.
TREE NEWS reports: Japan’s Nikkei 225 opened 0.3% lower and South Korea’s Kospi opened down 3%, with chipmakers leading the declines. Samsung Electronics fell more than 3% and SK Hynix dropped 5% at the open.
TREE NEWS update: China is set to issue or is currently issuing local government bonds. The offering covers upcoming and ongoing sales of municipal debt. No further details on size, pricing or timing were provided.