Flash News

TREE NEWS update: Japan’s Finance Minister Katsunobu Kato said that US Treasury Secretary Scott Bessent did not discuss Bank of Japan policy in their talks. The two countries’ ministries confirmed that no unilateral policy demands were made.

TREE NEWS update: Japan’s Finance Minister Katsunobu Kato said that US Treasury Secretary nominee Scott Bessent has long believed the yen is undervalued, attributing this mainly to interest rate differentials. The remarks highlight ongoing currency concerns ahead of potential policy shifts.

TREE NEWS update: Alibaba’s Qianwen Office, launched on August 3, surpassed 30 million total users within its first month, becoming one of the fastest-growing AI office products. Enterprise users account for over half of the user base, highlighting Alibaba’s strength in the enterprise market.

TREE NEWS update: ByteDance and ZTE’s new Doubao phone, the Nubia NaviX Ultra, will feature 10,667Mbps LPDDR5X memory from ChangXin Memory Technologies (CXMT), marking the first mass production of China-made high-speed LPDDR5X chips. The phone is set for mass production and launch in September.

TREE NEWS reports: At the morning close, Japan’s Nikkei 225 index rose 0.9%, while the broader Topix index fell 0.2%. The mixed performance reflects divergent moves among large-cap and other stocks on the Tokyo Stock Exchange.

TREE NEWS update: China’s National Healthcare Security Administration announced that by the end of 2028, the long-term care insurance system will be basically fully covered nationwide. The agency plans to expand coverage from employees to urban and rural residents, unify disability assessment standards, and promote mutual recognition of results across regions. Policies for异地 care and integration with existing subsidies for elderly and disabled individuals will be improved.

TREE NEWS reports: Shanghai Ganglian data shows MMLC battery-grade lithium carbonate (morning session) midpoint price at 152,200 yuan/ton, down 1,900 yuan/ton from 16:30 previous day.

TREE NEWS reports: Vietnam’s VN Index gained 1% in intraday trading, reflecting positive market sentiment. The rise comes amid regional equity strength, with investors monitoring global economic cues. Further details on the move remain limited.

TREE NEWS update: Japanese Finance Minister Katsunobu Kato said US Treasury Secretary Scott Bessent did not make any specific demands during their talks. The statement follows recent discussions between the two officials amid ongoing trade and currency negotiations.

TREE NEWS update: China’s National Healthcare Security Administration said 28 provinces and 303 coordinated regions now implement zero personal payments for policy-covered hospital childbirth. Maternity insurance covers 260 million people, with flexible workers included in 22 provinces. In the first seven months, maternity insurance fund spending reached 78.42 billion yuan, benefiting 25.56 million people, and maternity allowances were fully paid directly to individuals.

TREE NEWS update: China’s National Healthcare Security Administration will continue annual adjustments to the basic medical insurance drug list, aiming to include more innovative drugs for major diseases such as cancer, chronic conditions, rare diseases, and pediatric illnesses. The move seeks to unify reimbursement catalogs for medical services and consumables nationwide, reducing regional policy disparities.

TREE NEWS update: South Korea said the US raised chip-related issues during talks, and the two sides are now discussing the matter. The comment follows a meeting where Washington reportedly brought up semiconductor concerns, signaling ongoing bilateral negotiations on the topic.

TREE NEWS update: Japan’s Finance Minister Katayama stated that the government will appropriately control bond issuance throughout the year, while monitoring yield trends with a high sense of urgency. He noted that yields are influenced by various factors, signaling caution over rising long-term interest rates.

TREE NEWS update: On September 3, HUMAIN, an AI company under Saudi Arabia’s Public Investment Fund (PIF), launched its first Arabic large language model, HUMAIN M3. Built on Chinese AI firm MiniMax’s open-source flagship MiniMax M3, it was post-trained on over 1 trillion Arabic tokens. The model is now available for research preview via the HUMAIN Node platform.

TREE NEWS update: A South Korean official said the Strait of Hormuz is critical to the country’s economy and security, and Seoul is considering various options including military support. No decision has been made on deploying troops to the strait.

TREE NEWS update: China’s National Healthcare Security Administration said at a State Council Information Office press conference that during the 15th Five-Year Plan period, it will consolidate universal basic medical insurance, optimize participation structure, and expand coverage for flexible workers, migrant workers, and new employment forms. It will enhance maternity protection with direct settlement and allowance payments, and establish a comprehensive long-term care insurance system.

TREE NEWS update: Cathay Pacific announced it will cancel passenger flights to and from Dubai and Riyadh until November 30. The airline cited operational reasons for the suspension, affecting travel plans in the region. Customers are advised to check flight status and rebooking options.

TREE NEWS reports: Nitya Subramanian, CEO of Para, which builds wallet infrastructure for AI agents, said Coinbase’s x402 protocol has won grassroots developers, but rivals from Google and Stripe, offering more recourse, will split the market by transaction type. Subramanian predicts no single standard will dominate agent payments.

TREE NEWS reports: The Hang Seng Tech Index extended gains to 3% intraday on [date not specified], with MINIMAX and Horizon Robotics both rising over 7%. The tech-heavy index’s rally was driven by strong performances in AI and robotics stocks.

TREE NEWS reports: Liquor stocks strengthened on the Chinese market, with Guyue Longshan, Kuaijishan, and Jinfeng Wine hitting the daily limit up. Other stocks including Gujing Gongjiu, Shanxi Fenjiu, Yingjia Gongjiu, and Jinzhongzi Wine followed gains. The sector’s rally reflects broad investor interest in baijiu producers.