Flash News

TREE NEWS reports: US sector ETFs closed mostly lower on Wednesday, October 14, with the semiconductor ETF falling 3.98% and the global airlines ETF down 3.58%. The global tech index ETF, technology sector ETF and internet stocks ETF each dropped between 3.01% and 2.81%, while regional banks and banking ETFs lost at least 0.7%. Biotechnology rose 1.61% and healthcare gained 2.53%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 1.3%, with data center names leading losses. VNET dropped 14.9% and GDS Holdings fell 12.4%, while Canadian Solar lost 7.9% and Kingsoft Cloud shed 6.4%. Alibaba gained 0.5% and NetEase Youdao rose 7.4%. Among ETFs, CQQQ fell 2.6% and KWEB slipped 0.9%.

TREE NEWS reports: The S&P 500 closed down 1.2% while the tech sector fell 2.6%, with telecom, consumer discretionary and industrials each losing up to 1.7% and healthcare gaining 2.4%. The Nasdaq 100 dropped 2%, led by CoreWeave down 15.2% and Nebius down 10.3%. The Philadelphia Semiconductor Index fell 4.2% and the small-cap index lost 2.1%.

TREE NEWS update: US Central Command said on October 14 that American forces destroyed an Iran-linked dhow in the Gulf of Oman on October 6. The vessel was monitoring and targeting US Navy ships at the time. Personnel aboard were safely transferred before the strike, and repatriation efforts are ongoing.

TREE NEWS reports: The euro fell 0.42% to 1.1152 against the dollar in late New York trading on Wednesday, October 14, dropping sharply after the release of US CPI data. Sterling lost 0.52% to 1.3185, while the Swedish krona, Mexican peso and South African rand each declined about 0.7%. The dollar rose 0.29% against the Swiss franc to 0.8350 and 0.48% against the Hungarian forint.

TREE NEWS reports: Wall Street banks remain optimistic about investment banking activity despite rising bond yields and market volatility, pointing to a strong pipeline of pending deals and continued client engagement. JPMorgan CFO Jeremy Barnum said the market would pause to let buyers and sellers agree on valuation terms, noting a slowdown in the second half of September, but added he expects deals to be delayed rather than cancelled.

TREE NEWS reports: The dollar slipped 0.04% against the yen to 158.26 in late New York trade on Wednesday, October 14, after US CPI data triggered a brief acceleration higher. The pair traded between 158.95 and 158.05 on the day, approaching the September 24 peak of 159.04 ahead of the US stock market open. The euro fell 0.45% to 176.50 yen and sterling dropped 0.55% to 208.694 yen, while the yen rose 0.07% to 4.2306 against the offshore yuan.

TREE NEWS reports: The ICE US Dollar Index rose 0.37% to 102.559 in late New York trading on Wednesday, October 14, after trading roughly flat before the US CPI inflation data was released at 20:30 Beijing time. The index climbed as high as 102.945 intraday, approaching its April 10, 2025 peak of 103.027. The Bloomberg Dollar Index gained 0.26% to 1228.40.

TREE NEWS update: Cuban Foreign Minister Bruno Rodriguez said on August 14 that US Secretary of State Marco Rubio is pressuring heads of state and government to change their opposition to the US blockade of Cuba at the United Nations General Assembly. Rodriguez said Rubio aims to conceal what he called collective punishment of the Cuban people. The US State Department said Rubio urged El Salvador’s President Bukele in a call on August 13 to advance shared priorities at the UN, specifically citing Cuba policy.

TREE NEWS update: China’s national social insurance public service platform has opened 104 nationwide, cross-regional services, logging 113.53 billion cumulative service uses, the Ministry of Human Resources and Social Security said. More than 80% of national social insurance business is now handled online. The 2026 “Social Insurance Services for Every Household” campaign is running nationwide, with mobile service stations and “15-minute + 5-kilometer” service circles extending service windows and rolling out smart services.

TREE NEWS reports: CBOT soybean futures fell 0.49% to $12.7750 a bushel on Wednesday, October 14, after touching a session high of $12.9350. Soyoil dropped 1.67% and soybean meal rose 0.39%. Lean hog futures sank 2.87%, live cattle lost 0.50% and feeder cattle fell 0.73%. The Bloomberg Grains Subindex slipped 0.19% to 32.3147.

TREE NEWS update: The Federal Reserve Bank of New York will not conduct any reserve management purchases between October 15 and November 13. The New York Fed announced the schedule, leaving the period without reserve-management buying operations. No further details were given.

TREE NEWS update: Federal Reserve Bank of Chicago President Austan Goolsbee said the September US inflation reading came in above expectations and was disappointing, while signaling he wants to wait for more data before supporting any further interest-rate increases. The remarks leave the Fed’s next policy step open ahead of upcoming economic releases.

TREE NEWS reports: The onshore yuan closed at 6.6978 per US dollar at 03:00 Beijing time, down 50 pips from Tuesday’s overnight close. Turnover for the session was $33.037 billion. The move marks a modest softening of the Chinese currency against the dollar in overnight trading.

TREE NEWS reports: The Hang Seng Index main futures contract closed its night session down 1.06% at 24,074 points. The Hang Seng Tech Index main futures contract fell 1.68% to 4,104 points in the same session.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said he feels betrayed by Donald Trump, citing a Trump-Putin diesel deal and US restrictions on Kyiv’s military use of satellite terminals. In an interview in London, Zelensky said, “Unfortunately, we are losing a strong partner, in my view,” adding that it is painful when Trump chooses a side other than Ukraine’s. The restrictions on SpaceX’s satellite internet service for military use came after a wave of Russian missile and drone strikes on Ukrainian energy facilities, and Ukraine is seeking explanations from the US and NATO allies.

TREE NEWS reports: JPMorgan, Goldman Sachs and Morgan Stanley missed market expectations on fixed-income trading revenue, while their equities trading results were strong. Bank of America missed on both equities and fixed-income trading and booked a charge tied to anti-money-laundering and sanctions penalties. Resilient loan demand lifted traditional banking, with JPMorgan, Citi and Wells Fargo posting a fifth straight quarterly record in combined net interest income.

TREE NEWS update: Richmond Fed President Thomas Barkin said he does not want to predict the outcome of the October FOMC monetary policy meeting. Barkin said September CPI inflation came in above the level he would have liked to see, and that PPI data will help inform the inflation outlook.

TREE NEWS reports: WTI November crude futures settled up $0.95, or 1.01%, at $95.09 a barrel. NYMEX November natural gas closed at $3.1980 per million British thermal units, while November gasoline settled at $3.2595 a gallon and November heating oil at $4.9274 a gallon.

TREE NEWS reports: The Shanghai Futures Exchange crude oil 2611 contract closed its night session down 2.95% at 733.90 yuan per barrel. In the same session, Shanghai gold fell 1.61% and Shanghai silver dropped 6.29%.