Flash News

TREE NEWS reports: Wind data shows more than 20 dividend funds in China issued subscription-suspension notices between Oct. 8 and Oct. 14. At the same time, several new dividend funds are being heavily marketed through distribution channels, including Huaxia’s Hong Kong Stock Connect Dividend Low Volatility ETF and dividend ETFs from Yinhua, GF and Bosera, while nine CSI Dividend Growth ETFs filed before the holiday are preparing to launch. Existing dividend ETFs saw net capital outflows in the second half of the year, a sharp contrast with the new issuance push.

TREE NEWS update: North Korea’s Missile General Bureau test-fired two types of submarine-launched strategic cruise missiles on the 14th in waters off the country’s east coast, KCNA reported on the 15th. The launches were aimed at checking the standing mobilization posture of the North’s underwater combat system, raising the navy’s capability to carry out strategic missions, and demonstrating the reliability of its war deterrence means.

TREE NEWS reports: Japan plans to reach 30 rocket launches a year by the early 2030s. The goal marks a sharp increase from current annual launch rates as Tokyo pushes to expand its domestic space-launch capacity.

TREE NEWS update: Federal Reserve Bank of San Francisco President Mary Daly said a rate hike may be necessary, but there is no urgency to act. Daly’s comments signal the Fed is keeping the option of further tightening open while in no rush to move. No timeline or specific data threshold was given.

TREE NEWS update: US President Donald Trump said the Federal Reserve is deliberately keeping interest rates too high, calling the central bank “bad.” The remark, made in a statement, repeats his public pressure on the Fed over monetary policy. No further details or policy action were given.

TREE NEWS reports: The US 10-year Treasury yield fell 2.30 basis points to 5.1854% in New York trading on Wednesday, October 14, after swinging between 5.3272% and 5.1749% intraday. Yields briefly dipped toward 5.18% when CPI inflation data was released at 20:30 Beijing time, then spiked to a session high of 5.3272% at 20:59 before grinding lower to a session low at 02:28. The 2-year yield rose 0.84 basis points to 4.7975%, hitting 4.7531% on the CPI print and 4.9499% at 21:07.

TREE NEWS reports: FTSE China A50 index futures closed the overnight session down 0.86% at 13,397 points. The decline marks a weaker overnight print for the benchmark tracking the largest 50 A-share companies listed on the Shanghai and Shenzhen exchanges.

TREE NEWS update: US President Donald Trump said he had just spoken with TSMC executives by phone. The call was announced by Trump himself, with no further details on the participants or the topics discussed. No readout from TSMC or the White House accompanied the statement.

TREE NEWS reports: At the close of Wednesday’s session in New York, S&P 500 futures ended down 1.14%, Dow futures slipped 0.14% and Nasdaq 100 futures dropped 2.13%. Russell 2000 futures fell 1.97%, rounding out declines across all four major US equity index futures.

TREE NEWS update: Apple closed above a $5 trillion market capitalization for the first time, ending at $342.96 a share, up 0.5%, to just clear the threshold. The stock had briefly topped $5 trillion intraday in July before pulling back. Apple is the second company globally to reach the milestone, after Nvidia, with shares up more than 13% from August’s low on optimism over a new product line, including a foldable iPhone.

TREE NEWS reports: Spot gold fell 1.37% to $4,103.80 an ounce late Wednesday in New York, accelerating losses after the release of US CPI data at 20:30 Beijing time. Spot silver dropped 6.08% to $55.5609 an ounce, while COMEX silver futures fell 6.20% to $55.70. COMEX gold futures declined 1.46% to $4,121.90 an ounce, and COMEX copper fell 1.61% to $6.6175 a pound.

TREE NEWS update: The United States has determined that solar product imports from India and Indonesia are harming its own supply chain, a finding that could open the door to trade measures against the two countries. The determination covers photovoltaic goods shipped from both nations. No further details on the scope of the ruling or any planned remedies were provided.

TREE NEWS update: The Trump administration is not connected to restrictions on Starlink service in Ukraine. The denial follows questions over whether Washington had any role in limiting the satellite internet service used by Ukrainian forces. No further details on the scope or origin of the restrictions were provided.

TREE NEWS reports: Northlight Asset Management chief investment officer Chris Zaccarelli said some of the biggest US stock market gainers, including chipmakers and AI infrastructure shares, are losing part of their upward momentum. The September US inflation reading heightened concerns that the Federal Reserve will raise interest rates further. Markets had hoped the September inflation spike would prove one-off, but the data published this morning made that scenario much less likely.

TREE NEWS reports: MSCI’s emerging markets stock index slipped 0.1%, while the developing-nation currency index gained 0.1%. The moves left emerging-market equities slightly lower and local currencies marginally firmer.

TREE NEWS reports: US API crude oil inventories fell by 11.123 million barrels last week, the American Petroleum Institute reported, after a 2.1-million-barrel draw the prior week. Cushing inventories rose 1.823 million barrels, following a 866,000-barrel build. Gasoline stocks increased 1.091 million barrels, while distillate inventories fell 1.458 million barrels.

TREE NEWS reports: On Wednesday, October 14, most major US asset-class ETFs closed lower, led by the Barclays US Convertible Bond ETF, which fell 2.91%. The emerging markets ETF dropped 2.05%, the Nasdaq 100 ETF lost 1.97% and the Russell 2000 ETF fell 1.93%, while gold and S&P 500 ETFs declined as much as 1.49%. US investment-grade corporate bond, TIPS and 20+ year Treasury ETFs gained, and the VIX long ETF rose 3.12%.

TREE NEWS update: US Senate Democrat Elizabeth Warren said bank executives, including those at Bank of America (BAC), should be held accountable for legal violations. The statement did not identify specific banks, executives or alleged conduct. BAC shares are referenced in the material.

TREE NEWS reports: Barclays said a merger between Tesla and SpaceX could be announced before December. The bank’s note points to a possible combination of the two Elon Musk-led companies within that timeframe. No further terms, structure or timing details were given.

TREE NEWS update: The American Petroleum Institute is scheduled to release its weekly industry crude oil inventory report at 04:30 Beijing time. Non-API members are expected to have access to the data details from around 04:32. The report provides an early snapshot of US crude stockpiles ahead of official government figures.