Flash News

TREE NEWS update: Chinese Foreign Minister Wang Yi will attend the opening ceremony of the 2026 Global Governance Forum in Xiong’an on October 23 and deliver a keynote speech, the Foreign Ministry spokesperson announced. Wang, also a member of the Political Bureau of the CPC Central Committee, is scheduled to speak at the forum’s opening session.

TREE NEWS reports: Europe’s Stoxx 50 opened 0.3% higher on Monday, while Germany’s DAX was flat at the open. The UK’s FTSE 100 slipped 0.1%, and France’s CAC 40 gained 0.1%.

TREE NEWS update: Indonesia will lower its bank reserve requirement ratio by 1 percentage point starting in November, the country’s central bank said. The move reduces the share of deposits that commercial banks must hold at the central bank, freeing up liquidity for lending. No further details on the level of the ratio or the exact effective date were provided.

TREE NEWS reports: The ChiNext Index closed down 1.62% on the day after rising early and sliding as much as 2% in late trade, while the Shanghai Composite fell 0.6% and the Shenzhen Component lost 0.82%. CATL dropped nearly 12% for its largest single-day decline on record, dragging the battery supply chain lower. Turnover across the Shanghai, Shenzhen and Beijing markets reached 1.44 trillion yuan, with more than 3,300 stocks closing lower.

TREE NEWS update: The Agricultural Development Bank of China issued a 5-year bond of 4 billion yuan at a yield of 1.4187%, below the expected 1.4400%, with a bid-to-cover ratio of 7.86 times and a marginal ratio of 2.04 times. It also issued a 10-year bond of 4 billion yuan at 1.6518%, versus an expected 1.6600%, with a bid-to-cover ratio of 9.91 times and a marginal ratio of 1.33 times.

TREE NEWS reports: The Shanghai Composite Index closed at 3,713.03 on Thursday, down 0.60%. The Shenzhen Component fell 0.82% to 11,704.35, the ChiNext Index dropped 1.62% to 2,694.71 and the CSI 300 lost 0.97% to 4,111.93. The STAR 50 bucked the trend, rising 0.06% to 1,343.28, while the CSI 500 slipped 0.01% to 6,840.56 and the CSI 1000 gained 0.20% to 6,780.26.

TREE NEWS update: China’s Hard X-ray Free-Electron Laser facility (SHINE) has achieved first lasing, ShanghaiTech University said. The device used a 4 GeV continuous-wave superconducting linear accelerator to drive 18 undulator lines, each 4 meters long with a 55 mm magnetic period. The milestone marks a key step toward the facility’s targeted completion and commissioning by the end of 2027.

TREE NEWS reports: Container shipping’s main contract on the European route fell nearly 8% at the close of Chinese commodity futures trading, leading declines. Lithium carbonate dropped more than 4%, polysilicon over 3%, while palladium, caustic soda, fuel oil and LPG each lost more than 2%. Nickel rose over 3%, with red dates, ethylene glycol and stainless steel up more than 2%.

TREE NEWS update: The Indonesian rupiah held broadly steady after Bank Indonesia left its benchmark interest rate unchanged. The currency’s muted reaction reflected a wait-and-see stance following the central bank’s decision. No further details on the rate level or the size of the currency move were provided.

TREE NEWS update: Hubei province issued three tranches of special-purpose local government bonds, including 3.46 billion yuan of 3-year notes at a 1.3000% yield, 9.717 billion yuan of 5-year notes at 1.4100%, and 860 million yuan of 30-year notes at 2.1800%. The 3-year tranche drew a bid-to-cover marginal ratio of 2.16 times against an expected 1.30, the 5-year 3.91 times versus 1.41 expected, and the 30-year 1.14 times versus 2.19 expected.

TREE NEWS update: Indonesia’s central bank kept its key interest rate unchanged at 5.75%, in line with expectations. The decision leaves the benchmark rate at its current level, matching what economists had forecast.

TREE NEWS update: US special envoy Steve Witkoff will return to Oslo from St. Petersburg today, Norway’s prime minister said. The statement gives no further details on the purpose or outcome of Witkoff’s visit to Russia. It was not immediately clear what talks he held in St. Petersburg or what his schedule in Oslo entails.

TREE NEWS reports: Hong Kong’s Hang Seng Tech Index extended its decline to 1% on Tuesday, while the benchmark Hang Seng Index fell 0.7%. Manycore Tech plunged more than 12% and CATL dropped over 11%. No further details were provided on the cause of the declines.

TREE NEWS update: Russian President Vladimir Putin will meet US special envoy Steve Witkoff at the Konstantin Palace. The meeting is set to take place at the presidential residence near St. Petersburg. No further details on the agenda or timing were provided.

TREE NEWS update: Shanghai will release its Satellite Internet Industry Innovation and Development Action Plan (2027–2030) at the main forum of the 2026 Satellite Internet Industry Ecosystem Conference, held October 27–29 in the city. The plan sets development goals for the 15th Five-Year Plan period covering constellation networking, network capacity, core industry scale and flagship application scenarios. A construction plan for a 6G+AI+satellite internet+space-based computing integrated industry cluster will also be released, alongside the trial launch of a Yangtze River Delta satellite internet supply-demand platform.

TREE NEWS reports: Japan’s Nikkei 225 closed 0.9% higher at 64,621.24, while the broader Topix also gained 0.9% to finish at 4,043.73. South Korea’s Kospi outperformed with a 3.3% rise to 5,735.66.

TREE NEWS reports: A Bloomberg survey projects the Euro Stoxx 50 will reach 6,394 points by the end of 2026. The same poll forecasts Germany’s DAX at 25,933 and the UK’s FTSE 100 at 10,790 by that date. It also sees the pan-European Stoxx 600 at 645 points at end-2026.

TREE NEWS update: China’s National Development and Reform Commission approved the Gansu-Sichuan ultra-high-voltage direct current transmission project, which will carry power from the Badain Jaran Desert base in Gansu to Sichuan, State Grid Gansu Electric Power Company said. The project is a key part of the country’s 14th Five-Year power development plan and Gansu’s fourth UHV DC outbound transmission corridor, following lines to Hunan, Shandong and Zhejiang.

TREE NEWS reports: The Taiwan dollar strengthened 0.4% against the US dollar to trade at 32.486. The move marks a modest gain for the currency in the latest session.

TREE NEWS reports: UK core consumer prices rose 2.8% year on year in September, in line with expectations and up from 2.6% the previous month. The reading marks an acceleration in underlying inflation from August’s pace.