Flash News

TREE NEWS reports: The Shanghai Composite rose nearly 1% in half-day trading with more than 4,800 mainland stocks advancing, while Hong Kong’s Hang Seng gained 1.2% and the Hang Seng Tech Index added 2.1%. Overnight US gains lifted Asia-Pacific markets, with Japan’s Nikkei 225 up 2% intraday and Korean stocks up 4%. Indonesia’s benchmark index plunged 11% intraday as MSCI considered reclassifying the country as a standalone market.

TREE NEWS reports: Japan’s BOJ Deputy Governor Shinichi Uchida speaks at 14:30 Beijing time, followed by the eurozone’s final September CPI at 17:00. Canada’s central bank external deputy governor Alexopoulos appears in Halifax at 20:00, with US September import prices at 20:30 and industrial production at 21:15. The Fed enters its pre-FOMC blackout period on Saturday.

TREE NEWS update: Federal Reserve Chair Warsh said the shared global vision is to ensure price stability and inject confidence into businesses and households, which he called essential for sustained economic growth. He added that he favors a macroeconomic analysis framework over mean-reversion models.

TREE NEWS update: Federal Reserve Chair Kevin Warsh said he takes pride that Paul Volcker, Alan Greenspan and Ben Bernanke each left the Fed with greater institutional credibility than when they arrived. Warsh made the remark in a statement on the central bank’s institutional standing, without announcing any policy change.

TREE NEWS reports: South Korea’s KOSPI Composite Index extended its advance to 4% on the session. The benchmark’s climb marks a sharp intraday move for Seoul equities, with the gain reaching the 4% level as trading progressed.

TREE NEWS reports: The onshore yuan strengthened to its highest level against the US dollar since 2022. The move extends the Chinese currency’s appreciation against the dollar, with the onshore rate touching a level last seen more than three years ago. No further details on the level or the drivers of the move were provided.

TREE NEWS update: Federal Reserve Chair Warsh said the global economy faces many shared economic challenges, noting that its resilience was something he might not have anticipated five months ago. He added that it was surprising how many G20 member economies have held up amid multiple shocks.

TREE NEWS reports: Malaysia’s economy grew 5.3% year-on-year in the third quarter, beating the 5.1% growth estimated by analysts. The figure marks the country’s latest quarterly GDP reading as the Southeast Asian economy continues to expand.

TREE NEWS reports: China Index Academy said in its Q3 2026 review of the country’s housing rental market that key cities ran steadily in the third quarter, with downward rent pressure easing and rental asset returns improving. It expects the market to enter its traditional off-season in the fourth quarter, with rents in key cities still under adjustment pressure and overall narrow-range fluctuation, while well-located properties retain structural support.

TREE NEWS update: A 6.9-magnitude earthquake struck Russia’s Kamchatka Peninsula at 11:35 on October 16. The quake’s epicenter was at a depth of 150 kilometers. No further details were immediately available.

TREE NEWS update: Federal Reserve Chair Warsh said the role of Fed chair requires comprehensive coordination and leadership across all departments of the central bank. He said the Fed’s power derives from its institutional credibility, which must be polished and maintained. Warsh’s remarks were made in comments published without a stated date.

TREE NEWS update: The Korea Exchange activated its sidecar circuit breaker on the KOSDAQ market, suspending programmatic buying orders. The mechanism halts program trading for five minutes when KOSDAQ 150 futures move sharply. The trigger marks a temporary interruption to automated buying on the Korean tech-heavy index.

TREE NEWS update: Federal Reserve Chair Warsh said he would be cautious about introducing new ideas into the Fed if he had no prior experience at the institution. He said the Fed is full of talent and that the key is fostering the right organizational culture. Warsh also noted that 75% of Fed staff do not work on monetary policy.

TREE NEWS reports: The US dollar index dropped more than 10 points in short-term trading as Federal Reserve Chair Warsh delivered remarks. The move came during his speech, with no further details immediately available on the content of his comments or the precise timing of the index decline.

TREE NEWS update: Federal Reserve Chair Warsh said the Fed’s task force is charged with creating new intellectual capital to assist the Federal Open Market Committee. He said the US is boosting investment in new technologies through the private sector and that the Fed will not try to judge who is right or wrong. Warsh also said the Fed needs to consider financial stability risks and ask whether negative tail risks exist that policymakers can act on.

TREE NEWS update: Federal Reserve Chair Warsh said the US now refers to artificial intelligence as ‘SI’, calling AI the most consequential economic transformation of his lifetime. He said AI’s demand-side effects will show up before its supply-side impact, and that it will help the central bank have more confidence in data and monetary policy. The Fed will hold an in-person hearing on AI in the San Francisco Bay Area on November 16.

TREE NEWS update: Federal Reserve Chair Warsh said the Fed’s policy clearly spills over to the rest of the world, while other countries’ policies in turn affect the United States. He said the Fed has made clear its commitment to price stability and that he does not favor pre-judging interest-rate meetings.

TREE NEWS update: Federal Reserve Chair Warsh said the economy is in a structural growth phase and is experiencing an investment boom. He attributed the boom to sound policy, calling it the most critical factor in the global economy’s positive development. Warsh did not provide further details in the remarks.

TREE NEWS update: Federal Reserve Chair Warsh said the central bank will hold several more policy meetings this year, with the October and December gatherings serving as the pivotal moments for reaching clear conclusions. He said policy judgments will be made at the October and December meetings. Warsh did not indicate the direction of those decisions.

TREE NEWS update: China’s Ministry of Finance issued a 3-year bond of 120 billion yuan at a 1.2522% coupon, versus an expected 1.2600%, with a bid-to-cover ratio of 3.15 times and a marginal ratio of 4.09 times. It also issued a 20-year bond of 20 billion yuan at 2.0649%, versus an expected 2.0700%, with a bid-to-cover of 10.48 times and a marginal ratio of 1.04 times.