Flash News

TREE NEWS reports: China’s financial sector GDP grew 4.1% year-on-year in the third quarter, while real estate GDP fell 0.4%. The figures, released as part of the bureau’s quarterly GDP breakdown, show the two sectors moving in opposite directions.

TREE NEWS reports: Hong Kong’s Hang Seng Index fell 1% on the day, extending a decline in the benchmark gauge. No further details on the move or the drivers behind it were immediately available. The drop marks a pullback for the index.

TREE NEWS reports: The Beijing Stock Exchange 50 Index climbed more than 3.5% on Thursday, extending gains for the small-cap benchmark. No specific catalyst for the move was disclosed in the available market data.

TREE NEWS reports: Bitfinex head of derivatives Jag Kooner said a bitcoin rally could revive treasury buying but a return to last year’s indiscriminate capital raising looks unlikely. The comment suggests easy-money conditions for corporate bitcoin treasury strategies have ended, even if renewed price gains draw buyers back.

TREE NEWS reports: The ChiNext Index and the STAR 50 Index each dropped more than 1% on the day, while the Shanghai Composite slipped 0.32% and ChiNext closed down 0.66%. Precious metals, coal, defense and shipping led the declines. Nearly 3,200 stocks fell across the Shanghai, Shenzhen and Beijing exchanges.

TREE NEWS reports: Robot-concept stocks on China’s A-share market kept rallying, with Jingcheng Shares hitting its third consecutive daily limit-up and Fulai New Materials posting a second straight limit-up. Ningbo Dongli, Kesen Technology, Zhejiang Rongtai and Keda Automation each rose more than 5%.

TREE NEWS reports: The CSI Convertible Bond Index opened 0.15% lower, with Aohong, Guoke, Haoyuan, Outong and Yanpai convertibles leading declines at 2.50%, 2.10%, 2.02%, 1.86% and 1.74% respectively. Aoshi convertible led gainers with a 30.00% rise, followed by Jingzhuang, Shangtai, Sida and Muyuan convertibles, up 0.93%, 0.92%, 0.80% and 0.74%.

TREE NEWS reports: China’s treasury futures opened higher on the latest trading session, with the 30-year main contract up 0.15%, the 10-year up 0.08%, the 5-year up 0.04% and the 2-year up 0.01%. The across-the-curve gains reflect firm demand for government bonds at the open.

TREE NEWS reports: The Shanghai Composite opened at 3718.44 on its latest trading day, down 0.33%, alongside declines across China’s major equity benchmarks. The Shenzhen Component fell 0.36% to 11774.39 and the ChiNext Index dropped 0.50% to 2732.68. The CSI 300 opened 0.40% lower at 4157.93, while the STAR 50 fell 0.72% to 1319.66 and the CSI 1000 slipped 0.29% to 6678.64.

TREE NEWS reports: The People’s Bank of China conducted no 7-day reverse repurchase operations on the day 65 billion yuan of such contracts matured. The zero-operation stance left a net liquidity withdrawal of 65 billion yuan from the banking system through the open market window. The PBOC did not specify a reason for the omission.

TREE NEWS update: US President Donald Trump announced a new harvest-season fuel cost relief program that will provide $8 billion in support to farmers. The measures will offset diesel costs for the current harvest season, Trump said. No further details on eligibility or disbursement timing were given.

TREE NEWS reports: The People’s Bank of China set the yuan’s daily midpoint against the dollar at 6.7200, 8 pips stronger than the previous fix of 6.7208. The onshore yuan closed at 6.6817 at 16:30 and finished the night session at 6.6810.

TREE NEWS update: Japanese Finance Minister Satsuki Katayama said no decision has been made on how to fund the expected increase in defense spending. She said the government will consider measures to secure a stable funding source while taking fiscal sustainability into account. The remarks leave open how Japan would finance higher defense outlays.

TREE NEWS update: South Korean President Lee Jae-myung called for accelerating housing supply. No further details, figures or policy specifics were provided. The call comes as South Korea’s housing market remains a central political and economic issue.

TREE NEWS update: Japanese Economy and Fiscal Policy Minister Minoru Shindo said he hopes to attend this month’s Bank of Japan policy meeting if time permits, while stressing his respect for the BOJ’s legal independence in setting monetary policy. Shindo also said he has never considered asking the central bank to postpone a meeting vote.

TREE NEWS update: China kept its one-year loan prime rate unchanged at 3.00% and its five-year LPR at 3.50%, in line with expectations, marking the 17th consecutive month both rates have held steady. The decision leaves benchmark lending rates for households and businesses untouched as of the latest monthly fixing.

TREE NEWS reports: FTSE China A50 index futures opened 0.26% lower, extending a 0.09% decline in the previous trading day’s night session. The early move points to a softer start for large-cap Chinese equities tracked by the Singapore-listed contract.

TREE NEWS reports: China’s domestic commodity futures opened mostly lower on the morning session, with ethylene glycol dropping more than 3% and coking coal and synthetic rubber each falling over 2%. Crude oil, lithium carbonate, PVC, pure benzene and Shanghai nickel bucked the trend, rising more than 1%.

TREE NEWS reports: The combined margin financing balance on the Shanghai and Shenzhen stock exchanges stood at 2.445 trillion yuan (24454.96亿元) as of October 19, down 6.26 billion yuan from the previous trading day. The Shanghai Stock Exchange’s margin balance rose 798 million yuan to 1.259 trillion yuan, while the Shenzhen Stock Exchange’s balance fell 7.058 billion yuan to 1.186 trillion yuan.

TREE NEWS reports: South Korea’s KOSPI fell as much as 3% during the trading session, with chipmaker SK Hynix sliding more than 4%. The intraday decline marks a sharp pullback in Seoul equities, led by losses in the semiconductor sector.