Flash News

TREE NEWS update: French President Emmanuel Macron on October 19 rejected Interior Minister Laurent Nuñez’s resignation offer, the Élysée said. Protests over the rising cost of living have erupted in Paris and other French cities, with violence reported in some areas. Macron asked Nuñez to deploy new frontline policing methods against vandals and said the unrest exposed shortcomings in advance assessment and intelligence work.

TREE NEWS reports: Brent crude oil fell 2% during the trading session on the day, trading at $107.66 a barrel. The move marks a sharp intraday decline for the global benchmark.

TREE NEWS update: China’s Ministry of Finance said on October 19 that it will conduct treasury bond market-making support operations in October. The move is intended to support market-making in government bonds, improve liquidity in the secondary market and help the yield curve better reflect market supply and demand. The ministry did not disclose the size or timing of the operations.

TREE NEWS reports: China Construction Bank shares rose more than 1% on the day, touching an all-time intraday high, as the A-share banking sector extended its rally. The move marks a record peak for the lender’s stock during the session. No further details on the scale or timing of the gain were provided.

TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock exchanges surpassed 1 trillion yuan. The figure was nearly 7 billion yuan lower than at the same point the previous trading day, indicating a modest contraction in trading activity.

TREE NEWS reports: China’s new national energy-efficiency standard for solar modules takes effect Jan 1, 2027, requiring modules sold domestically to meet updated efficiency thresholds. With less than three months remaining before implementation, some photovoltaic buyers have already adjusted procurement requirements, and several module makers have begun substituting products in bids. The rule sets the compliance bar for domestic solar buyers’ related business.

TREE NEWS update: US Secretary of State Marco Rubio said a trade agreement with India is close to being finalized, signaling a potential breakthrough in negotiations between Washington and New Delhi. The remark, reported without further detail, comes as the two sides work toward a pact that would reshape one of the world’s largest bilateral trading relationships.

TREE NEWS update: The 2026 Financial Street Forum annual meeting opens in Beijing, with the heads of four Chinese financial regulators — including the central bank and the securities regulator — scheduled to speak. The State Council Information Office holds a press conference at 15:00 Beijing time on advancing technology-driven commerce. Canada releases September CPI at 20:30 and the US October NAHB housing market index is due at 22:00. Hong Kong markets are closed for the Chung Yeung Festival.

TREE NEWS reports: China’s economy grew 4.5% year-on-year in the third quarter, with the first three quarters up 4.6%, official data showed. September retail sales rose 1.1% year-on-year, 0.7 percentage points faster than the prior month and 3.9% excluding the drag from autos, while industrial output accelerated to 5.5%. Fixed-asset investment fell 7.2% in January-September, with real estate development investment down 20.6%.

TREE NEWS reports: Japan’s tertiary industry activity index fell 0.1% month-on-month in August, compared with expectations of a 0.4% decline, after a 0.4% rise in the prior month. The smaller-than-expected contraction shows service-sector activity held up better than economists had forecast.

TREE NEWS reports: Chen Guo, chief strategist at East Money Securities, said the equity risk premium on the Shanghai Composite and CSI 300 is currently attractive from a valuation standpoint. He said overall third-quarter and full-year earnings growth for A-shares, along with ETF inflows providing a backstop, will support the market. He advised investors to look for overlaps between improving fundamentals and valuation repair during market pullbacks.

TREE NEWS update: China’s ‘AI Plus’ initiative spurred investment and exports in emerging sectors in the first three quarters, National Bureau of Statistics spokesperson Wang Guanhua said at a State Council Information Office briefing. Investment in electronic circuit manufacturing rose 58.7%, integrated circuit manufacturing 14.2% and information services 20.2%, while equipment purchase investment grew 9.7%. Exports of electronic components and wires and cables rose 70% and 25.3%, respectively.

TREE NEWS update: Guangdong’s foreign trade exceeded 3 trillion yuan in the third quarter for the first time, hitting a record high, the Guangdong sub-administration of the General Administration of Customs said on the 19th. Total goods trade for the first three quarters reached 8.72 trillion yuan, up 24.5% year on year, marking 13 consecutive quarters of growth. September alone recorded 1.18 trillion yuan, a monthly record.

TREE NEWS reports: China’s A-share benchmarks diverged at the midday break on October 19, with the Shanghai Composite up 0.16% while the ChiNext board fell 1.07% and the Shenzhen Component slipped 0.18%. Banking stocks continued to strengthen, with Industrial and Commercial Bank of China hitting a fresh record high. Semiconductor and media shares led declines, and more than 3,800 stocks across the Shanghai, Shenzhen and Beijing markets were in the red, with morning turnover at 978.7 billion yuan.

TREE NEWS update: China’s National Bureau of Statistics spokesperson Wang Guanhua said at a State Council Information Office briefing that this year’s rise in prices has played a positive role in improving corporate profitability. Industrial enterprise profits above designated size rose 15.7% year-on-year in the first eight months, with the number of profit-growing industries up by six versus the full year of 2024. Some sectors still face operating difficulties, and relevant departments are implementing policies to stabilize growth and support businesses.

TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) held at 1.2640% on the day, unchanged at 0.00 basis points, while the 7-day SHIBOR fell 1.70 basis points to 1.3220%. The 3-month SHIBOR slipped 0.10 basis points to 1.4290%. The moves reflect modest easing at the short end of China’s interbank funding curve.

TREE NEWS reports: Yields on China’s ultra-long interbank bonds climbed, with the 30-year special treasury bond “26超长特别国债04” rising 1.8bp to 2.0730%. The 20-year “26超长特别国债05” gained 1.6bp to 2.0740%, while the 50-year “26超长特别国债03” rose 1.9bp to 2.2190%.

TREE NEWS update: China’s consumer price index rose 0.9% year on year in the first three quarters, with core CPI up 1.1%, the National Bureau of Statistics said at a State Council Information Office briefing. Spokesperson Wang Guanhua said the overall price level is showing a moderate recovery, calling it an important positive change in the economy. Producer prices rose 2.3% year on year, marking seven straight months of gains since March.

TREE NEWS reports: The ChiNext Index pared its decline to less than 1% after earlier falling more than 2%, while the Shanghai Composite Index rose 0.2%. The intraday recovery narrowed losses on the growth-focused board as the benchmark Shanghai gauge held modest gains.

TREE NEWS reports: China’s National Bureau of Statistics said consumption accounted for 46.7% of economic growth in the first three quarters of the year. The figure, released as part of the bureau’s quarterly data, measures consumption’s contribution to GDP growth over the January-to-September period. No further breakdown was provided in the initial release.