Flash News

TREE NEWS reports: China’s A-share storage chip sector weakened on Tuesday, with Heshen Petroleum hitting the daily limit down in the afternoon. Guoke Micro and Huahong Hongli fell over 8%, while Qiangyi, Jingzhida and Zhengfan Technology also declined.

TREE NEWS update: Norway’s sovereign wealth fund proposed reducing government bonds in its $2.3 trillion portfolio, saying lower allocations would provide ample margin for liquidity needs. In a letter to the finance ministry on Tuesday, it suggested cutting the share of government bonds in total bond holdings from 70% to 50%. Analysts estimate this could lead to selling about $80 billion in US Treasuries.

TREE NEWS reports: The South Korean won strengthened to its highest level against the US dollar since July 1, 2025. The currency’s rise reflects ongoing market dynamics, with traders monitoring global economic indicators and regional trade flows. The move comes amid broader shifts in Asian currencies.

TREE NEWS reports: The MSCI Asia Pacific Index climbed 1% to 279.66 points, reflecting broad gains across regional markets. The advance underscores investor optimism in the region.

TREE NEWS reports: Bitcoin’s price relative to gold climbed to 18.17 on Sept. 4, the highest since January, meaning one bitcoin now buys just over 18 ounces of gold. Both assets rose as analysts cite market concerns over governments diluting debt through currency devaluation. U.S. Treasury Secretary Bessent warned of ‘world debt deluge,’ while SkyBridge’s Anthony Scaramucci called the G20 finance ministers’ stance ‘the best bitcoin ad of the year.’

TREE NEWS reports: A-share liquid cooling server concept stocks extended losses on Friday, with Inspur Information (浪潮信息) approaching the daily limit-down. Shares of Tongfei Co., Jiebang Technology, Shenling Environment, Kangsheng, Qiangrui Technology and Dayuan Pump all fell over 5%.

TREE NEWS reports: Beijing’s new home sales rose 10.3% year-on-year to 3,100 units in August, while existing home sales climbed 4.1% to 13,700 units. The gains follow a package of easing policies effective Aug 8, including relaxed purchase curbs and higher housing fund loan limits. Existing home sales have now exceeded 13,000 units for six consecutive months.

TREE NEWS update: Zhu Zhongming has been appointed vice mayor and acting mayor of Shanghai. The appointment was reported by The Paper. Zhu previously served in senior roles, and his new position takes effect immediately. This marks a significant leadership change for China’s largest city.

TREE NEWS update: At the 2026 Zhejiang Quality Month launch and the ninth Yangtze River Delta G60 Science and Technology Innovation Corridor quality standards conference in Hangzhou, officials released the “Yangtze River Delta G60 Cities Embodied AI Industry Quality Standards Collaborative Initiative” and the “2025 Yangtze River Delta G60 Corridor Quality Standards Evaluation Index System Research Report.” The initiative aims to unite upstream and downstream industry players to foster a collaborative quality standards governance framework and promote high-quality development of the embodied intelligence sector.

TREE NEWS update: Binance announced on X that users can claim the Binance Alpha airdrop and trade starting today at 15:00 UTC+8. Only those holding at least 235 Binance Alpha points are eligible. Claims are first-come, first-served until the pool is exhausted or the event ends. Specific tokens will be announced via official channels.

TREE NEWS update: Beijing’s Shunyi district has issued the development plan for the Capital Airport Economic Zone for the 2026-2030 period. The plan outlines a “1+4” industrial system centered on aviation services, supported by healthcare, airport-related smart manufacturing, logistics and trade, and business consumption. The goal is to build a leading airport economy zone and an international aviation hub city.

TREE NEWS update: Binance Futures will list USDT-margined perpetual contracts for BYD (H-shares, 1211) and Quanto perpetuals for Lenovo Group (0992) on September 7, 2026, at 10:00 and 10:05 (UTC+8) respectively, both with up to 20x leverage.

TREE NEWS update: Major US AI services, including ChatGPT, Claude, and Grok, went down for nearly four hours on the evening of September 3. OpenAI attributed the issue to a routing error at 7:43 AM PT, affecting access to ChatGPT and Codex. Anthropic cited an infrastructure problem. Chinese firm Zhipu noted it remained online.

TREE NEWS update: The UK Health Security Agency said on the 3rd that Aedes aegypti mosquitoes and larvae were discovered in a residential area in east London, marking the first time the invasive species has been found breeding in the country. Authorities have stepped up monitoring and trapping efforts.

TREE NEWS update: ByteDance and ZTE’s co-developed Doubao phone, the Nubia NaviX Ultra, will feature CXMT’s LPDDR5X memory at 10667Mbps, marking the first mass-production application of a domestic chip at that speed. The announcement was made via Changxin Storage and Nubia’s official Weibo accounts.

TREE NEWS update: The US and UK have formed a joint alliance to combat crypto scam centers, agreeing to parallel investigations and information sharing. Authorities plan a private-sector disruption operation in London in October.

TREE NEWS reports: South Korea’s Seoul Composite Index (KOSPI) rose 2% intraday on Thursday, extending its rally amid broad market gains. The advance was driven by tech and battery shares, with investors shrugging off global trade concerns. Further details on the index’s composition and individual stock movers were not immediately available.

TREE NEWS reports: China’s ChiNext index pared gains to close up 0.43%, while consumer and agricultural stocks strengthened. Hong Kong’s Hang Seng rose 2.1% at midday and the Hang Seng Tech Index gained 2.5%, with MINIMAX jumping over 10% intraday. The PBOC conducted zero reverse repo operations on Friday, net draining ¥1.4115 trillion from the market this week.

TREE NEWS update: Today’s focus includes Germany’s July factory orders at 14:00 Beijing time, followed by speeches from Bank of England Governor Andrew Bailey at 16:50 and ECB Chief Economist Philip Lane at 17:00. At 20:30, the US releases August nonfarm payrolls (employment, unemployment rate, average hourly earnings) and Canada’s August employment report. OPEC+ monthly meeting is scheduled for Sunday.