Flash News

TREE NEWS update: Latvian Prime Minister said Ukraine now has only one ally: Europe. The statement, made in remarks published Monday, frames the continent as Kyiv’s sole backer at a time when other partners have pulled back. No further details or specific policy commitments were given.

TREE NEWS reports: Japan’s Nikkei 225 closed 1.4% higher at 65,324.29, while the broader Topix rose 1.7% to 4,066. South Korea’s Kospi also ended up 2% at 5,668.05. The gains mark a broadly positive session across major Asian equity benchmarks.

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said the central bank will keep raising interest rates depending on economic and price conditions, adding that it is becoming increasingly important to stabilize price moves around 2%. Ueda said the economy and prices are developing as expected and that financial conditions remain accommodative, while warning that price trends risk rising above 2%.

TREE NEWS reports: The UK government has held talks with UBS about moving operations to Britain, the Financial Times reported. No further details of the discussions, including which business lines or locations were covered, were disclosed. UBS, formed from the 2023 rescue of Credit Suisse, is one of Europe’s largest banks and already has a major presence in London.

TREE NEWS reports: Chinese A-share CRO concept stocks extended their decline, with C-Lianya falling more than 20%. WuXi AppTec slid over 5%, while Medicilon, Pharmaron and Joinn Laboratories also traded lower.

TREE NEWS reports: US September CPI rose 0.6% month-on-month and 3.7% year-on-year, above the 3.6% consensus, while core CPI climbed 0.3% on the month and 2.6% annually. PPI followed a day later with a 1.3% monthly gain — the largest since March 2022 — and 6.3% year-on-year. As of October 15, rate futures put the odds of a 25bp October hike at about 27%, with at least one more hike by December seen at 70%-80%.

TREE NEWS update: Shanghai’s Development and Reform Commission issued its 2026 development plan for green power direct-connection projects, listing three projects citywide. Two enter the implementation pool with 32.33 MW of generation capacity and 2 MW/4 MWh of storage; one enters the reserve pool with 49.33 MW of generation and 5 MW/10 MWh of storage.

TREE NEWS reports: China’s three major A-share indices all turned negative, erasing earlier gains of more than 1% each. The Shanghai Composite, Shenzhen Component and ChiNext had each risen over 1% before reversing into the red. The intraday swing marks a sharp turnaround in mainland equity trading.

TREE NEWS update: Chinese Finance Minister Lan Fo’an met EU Commissioner for Economy and Productivity Valdis Dombrovskis, ECB President Christine Lagarde and Eurogroup President Kyriakos Pierrakakis in Bangkok on October 16, 2026, on the sidelines of the World Bank/IMF annual meetings and the G20 finance ministers and central bank governors’ meeting. The two sides exchanged views on China-EU macroeconomic policy. Vice Minister of Finance Liao Min also attended.

TREE NEWS update: Tianjin Medical Procurement Center launched centralized information maintenance for neurointerventional medical consumables from October 16 to October 23. The move comes about a month after the seventh national high-value medical consumables centralized procurement opened bids, raising market expectations for an eighth round. The maintenance covers product information for neurointerventional consumables.

TREE NEWS update: Shanghai’s Cyberspace Administration and Data Bureau issued measures to facilitate cross-border data flows, pledging to align the national security assessment for outbound data, filing of standard contracts for personal information exports, personal information export certification and the data export negative list. The city will set up a cross-departmental coordination mechanism to guide companies in conducting cross-border data activities legally and efficiently.

TREE NEWS update: Syria’s state oil company said a gas export pipeline exploded and caught fire on the 15th after being attacked in southern Al-Hasakah province, about 60 km from Al-Shaddadah. The blast hit the Al-Jibsah gas export line at 17:15 local time, the company said, adding that it was the fourth such incident in a matter of weeks. No cause was given.

TREE NEWS update: Zhongke Haina signed an agreement with Wuhan’s Jiangxia District on October 14 to build a 10GWh sodium-ion battery production line, with the first phase planned at 3GWh of cell capacity — billed as the world’s largest sodium-ion cell line. General Manager Li Shujun said construction is scheduled to start early next year and production is targeted within the year.

TREE NEWS reports: Schneider Electric reported third-quarter organic revenue growth of 16.9%, ahead of the 13.8% market estimate, with total quarterly revenue of €11.46 billion versus €11.1 billion expected. The company raised its full-year organic revenue growth guidance to 12%-14% from 10%-13%, against a 13.2% consensus, and lifted its adjusted EBITA margin outlook to 19.7%-19.9% from 19.4%-19.7%.

TREE NEWS reports: Combined turnover on the Shanghai and Shenzhen stock exchanges surpassed 1 trillion yuan. The figure was more than 10 billion yuan lower than at the same point on the previous trading day, indicating a contraction in trading volume.

TREE NEWS reports: Chinese A-share flying car concept stocks extended gains in afternoon trade, with nearly 20 shares hitting the daily limit-up, including Enpower, Guanglian Aviation, Wangzi New Material, Ruima Precision and Junsheng Electronics. The move marks a broad sector-wide surge rather than an isolated single-stock jump.

TREE NEWS reports: South Korea’s KOSPI index rose above 5,800 points on an intraday basis, gaining 4.43% for the session. The benchmark’s move marks a sharp single-day advance for Korean equities.

TREE NEWS reports: Houthi forces have taken control of most of Taiz province, leaving the provincial capital Taiz city surrounded and cut off, threatening food security in the city. Residents are panicking and food prices have risen as the blockade tightens, with Yemen’s food security already severe amid war and political instability. The development coincided with World Food Day on October 16.

TREE NEWS update: Shanghai Vice Mayor Lu Shan said the city will cultivate a batch of leading supply chain enterprises to strengthen global sourcing and distribution, building an import supply chain network linking the world and reaching across China. Speaking at a State Council Information Office briefing on preparations for the ninth China International Import Expo, he outlined plans to speed quarantine access for special exhibits and upgrade the Waigaoqiao, Hongqiao and Huaihai Xintiandi import trade demonstration zones.

TREE NEWS reports: The Indonesia Stock Exchange said MSCI has asked it about the actual results of its various reform measures. IDX added that MSCI did not raise the question of “Standalone Market” status at its previous meeting. The exchange did not disclose further details of the inquiry.