Flash News

TREE NEWS update: China’s central bank set the yuan midpoint at 6.7787 per dollar on Wednesday, up 20 pips from the previous fix of 6.7807. The official close was 6.7181, while the overnight offshore rate closed at 6.7178.

TREE NEWS update: China’s Ministry of Ecology and Environment issued a plan allocating carbon emission allowances for the power sector in 2025-2026 and for steel, cement, and aluminum smelting in 2026. The scheme details allocation scope, calculation methods, issuance, and compliance procedures for the national carbon market.

TREE NEWS reports: NVIDIA is in discussions to invest $2.5 billion in Thinking Machines Lab, an AI startup founded by former OpenAI chief scientist Ilya Sutskever. The potential investment underscores NVIDIA’s strategy to deepen ties with leading AI labs. The talks were reported by The Information. No final agreement has been reached yet.

TREE NEWS reports: The Taiwan Stock Exchange Weighted Index advanced 1.3% in trading. The move reflects broad market gains.

TREE NEWS reports: Taiwan’s benchmark TAIEX index opened 0.3% higher at 45,991.28 points on [date]. The gain reflects positive market sentiment in the region.

TREE NEWS reports: At the opening of China’s commodity futures on [date not specified], palladium and LPG main contracts rose over 3%, while silver (沪银) gained nearly 3%. Ferrosilicon, platinum, pure benzene, and gold (沪金) rose over 2%. Meanwhile, lithium carbonate, crude oil, LU fuel, and polysilicon fell over 1%.

TREE NEWS reports: Goldman Sachs lowered its 2027 NYMEX natural gas price forecast to $2.80 per MMBtu from $3.50. The bank said demand growth may not sufficiently tighten the US gas balance until 2029, when prices could recover toward the high end of the $3.50-plus range.

TREE NEWS update: Canadian Prime Minister Carney said on the 3rd that the US tariffs on Canadian goods are a ‘miscalculation’. Canada will continue to seek removal of these ‘unreasonable tariffs’ in trade talks and implement countermeasures as planned.

TREE NEWS reports: As of September 3, margin financing on China’s two major exchanges fell 4.037 billion yuan to 2.619 trillion yuan. Shanghai’s balance decreased by 2.246 billion yuan to 1.342764 trillion yuan, while Shenzhen’s dropped by 1.791 billion yuan to 1.276274 trillion yuan.

TREE NEWS update: Missouri’s Supreme Court ruled on September 3 to block the use of a Republican-drawn congressional redistricting map in the November midterm elections, dealing a blow to GOP hopes of maintaining their narrow House majority. The ruling may preserve the seat of veteran Democratic Rep. Emanuel Cleaver, whose Kansas City district had been split under the previous map.

TREE NEWS update: South Korea’s Ministry of Economy and Finance said it will strive to manage the bond market in a stable manner. The statement signals the government’s commitment to maintaining orderly conditions in the debt market, likely in response to recent volatility. No specific measures were detailed.

TREE NEWS reports: CITIC Securities forecasts that in H1 2026, aggregate net profit of sample coal firms will rise about 34% year-on-year, with Q2 up about 41% quarter-on-quarter, driven by higher coal prices and cost control. Mid-term dividends remain active, with cash dividends up about 28% year-on-year. Stricter safety regulation after mine accidents is expected to tighten supply and lift the coal price center, supporting an upward market trend this year.

TREE NEWS update: Xiaomi Group partner and president Lu Weibing announced on Weibo that Xiaomi signed its first eight head German dealers for its electric vehicles at the IFA trade fair in Berlin. The company will soon expand overseas, heading to Sweden, Germany, Spain and Italy for high-speed validation and functional tests at seven test sites, including Arjeplog winter test base and Nürburgring.

TREE NEWS update: Japan’s top currency diplomat, Atsushi Mimura, said the government’s stance on foreign exchange remains unchanged. His comments come amid ongoing market attention on yen movements and potential intervention. Mimura, who oversees currency policy at the Ministry of Finance, reiterated the existing approach without elaborating further.

TREE NEWS update: Japanese Prime Minister Takaichi is expected to retain Finance Minister Katayama in a cabinet reshuffle later this month. The move signals continuity in fiscal policy amid ongoing economic challenges.

TREE NEWS reports: Japan’s Nikkei 225 index opened 0.3% higher on [date], while South Korea’s KOSPI composite gained 1.1% at the open. The moves reflect positive sentiment in Asian markets.

TREE NEWS reports: Elon Musk’s tunneling venture The Boring Company has completed a funding round at a valuation of approximately $20 billion. The round’s size and investors were not disclosed. The company focuses on underground transportation tunnels.

TREE NEWS update: China is preparing to issue or is in the process of issuing government bonds and policy financial bonds. The announcement covers upcoming and ongoing debt sales, reflecting Beijing’s fiscal strategy to support the economy. Details on specific dates and amounts were not provided in the initial notice.

TREE NEWS update: China’s three policy banks—China Development Bank, Export-Import Bank of China, and Agricultural Development Bank of China—have begun disbursing the first batch of 2026 new policy financial tools in Zhejiang, Yunnan, Xinjiang, and Sichuan. The 800 billion yuan tools feature expanded scale, broader investment scope, regional optimization, and increased support for private firms. Analysts expect the tools to leverage up to 10 trillion yuan in total project investment, underpinning investment and growth in H2.

TREE NEWS reports: Thai businessmen have filed a lawsuit against Tether over $42 million in frozen USDT allegedly tied to a pig butchering scam. The plaintiffs claim the stablecoin issuer’s actions have caused losses. Separately, Australian crypto firms face significant fines unless they meet their licensing deadline.