Flash News

TREE NEWS reports: New York Fed President John Williams said the supply squeeze from AI is likely to persist beyond two years. His comments came as he reaffirmed his view that the US Federal Reserve may need to raise interest rates once more this year.

TREE NEWS reports: The Hang Seng Tech Index climbed more than 2% in afternoon trading, led by sharp gains in Chinese tech heavyweights. Xiaomi Group and Meituan each rose over 5%, while Alibaba advanced more than 4%. The move marked a broad rally across the index’s largest constituents.

TREE NEWS reports: The Hang Seng Tech Index rose more than 2% in afternoon trading, led by strong gains among Chinese tech giants. Xiaomi Group and Meituan each climbed over 5%, while Alibaba advanced more than 4%. The move marked a broad rally across the index’s largest constituents.

TREE NEWS reports: ASML reported third-quarter net sales of €11.66 billion, just below the €11.7 billion market estimate. Net profit for the quarter came in at €4.96 billion, ahead of the €4.11 billion consensus forecast. The Dutch semiconductor equipment maker’s earnings beat on the bottom line even as revenue fell marginally short of expectations.

TREE NEWS reports: Shenzhen’s maternity insurance fund disbursed 6.359 billion yuan in the first nine months of the year, benefiting 2.1977 million person-times, the city’s medical insurance bureau disclosed. Maternity allowances accounted for 4.922 billion yuan of the total and are now paid directly to individuals. Shenzhen has also added eight assisted-reproduction procedures, including IVF and embryo transfer, to medical insurance reimbursement, with coverage of up to 90%.

TREE NEWS update: Chinese Vice Premier He Lifeng met French presidential foreign affairs adviser Emmanuel Bonne at the Great Hall of the People in Beijing on the afternoon of October 13. The two exchanged views on practical China-France economic and trade cooperation and on China-EU economic and trade relations.

TREE NEWS reports: On the afternoon of October 13, Chinese Vice Premier He Lifeng met with Emmanuel Bonne, foreign affairs advisor to the French President, at the Great Hall of the People in Beijing. The two sides exchanged views on substantive economic and trade cooperation between China and France, as well as on economic and trade relations between China and the EU.

TREE NEWS update: Donald Trump said in a social media post that Greenland is preparing to launch large-scale exploration for oil, natural gas and minerals. The US president made the statement on his own platform without citing further details or a timeline. Greenland, a semi-autonomous territory of Denmark, has long drawn interest over its untapped energy and critical mineral resources.

TREE NEWS reports: U.S. President Donald Trump stated in a social media post that Greenland is preparing to begin large-scale exploration for oil, natural gas, and minerals. Trump made the remark on his platform but did not provide specific details or a timeline. Greenland, an autonomous territory of Denmark, has long drawn interest for its untapped energy and critical mineral resources.

TREE NEWS reports: India’s 5-year government bond yield rose 6 basis points to 7.14%. The move reflects the latest level on the benchmark maturity.

TREE NEWS update: The yield on India’s 5-year government bond rose 6 basis points to 7.14%. The latest movement in the yield on this maturity reflects current market pricing levels.

TREE NEWS reports: The yield on India’s 5-year government bond rose 6 basis points to 7.14%. The latest move in the yield on this maturity reflects current market pricing levels.

TREE NEWS update: Canadian Prime Minister Mark Carney posted on social media on the 13th commemorating a battle fought more than two centuries ago in which Canadian forces defeated the US military. US media interpreted the post as a pointed historical reference, signaling a hard line toward Washington amid strained Canada-US relations and an ongoing trade war.

TREE NEWS reports: China’s September CPI rose 0.9% year-on-year, widening from the prior month’s pace, while PPI climbed 5.0% year-on-year, the largest increase since June 2022. In US dollar terms, September exports grew 36.3% and imports 31.0%, both beating expectations. Hong Kong’s Hang Seng Index gained 0.2% and the Hang Seng Tech Index 1.6% in the morning session.

TREE NEWS update: US September CPI is due at 20:30 Beijing time, with the Federal Reserve’s Beige Book following at 02:00 the next day. Bank of America, Morgan Stanley, BlackRock and State Street report earnings before the US open, while ASML reports ahead of the European session. ECB President Christine Lagarde speaks on Europe’s digital future at 16:30.

TREE NEWS update: The China Association of Automobile Manufacturers said it welcomes and supports the positive results of China-EU consultations on hybrid and electric vehicles. The association said it will keep serving as a bridge to promote industry communication and coordination. It added that the consensus helps stabilize industrial expectations on both sides and maintain the smooth flow of automotive supply chains.

TREE NEWS update: Hong Kong Exchanges and Clearing said its carbon marketplace Core Climate completed its first cross-border pilot for green certificates and carbon emission allowances. The pilot marks an initial step in connecting Hong Kong’s carbon trading platform with cross-border green certificate and allowance settlement. No transaction volume or participant names were disclosed.

TREE NEWS update: Villeroy, a member of the European Central Bank’s (ECB) Governing Council and Governor of the Bank of France, said that inflation is mainly driven by the Middle East conflict and energy-related factors. Medium-term inflation expectations among businesses and households remain well anchored. He also added that rising interest rates could dampen demand, triggering a more moderate response to inflation shocks.

TREE NEWS update: European Central Bank (ECB) Governing Council member and Bank of France Governor Villeroy stated that inflation is mainly driven by the Middle East conflict and energy-related factors. Medium-term inflation expectations of firms and households remain well anchored. He also added that rising interest rates could dampen demand and lead to a more gradual response to inflation shocks.

TREE NEWS reports: European Central Bank Governing Council member and Bank of France Governor Moulin said inflation is mainly attributable to the Middle East conflict and energy-related factors. Medium-term inflation expectations of businesses and households remain well anchored. He added that rising yields could dampen demand, prompting a more moderate response to the inflation shock.