Flash News

TREE NEWS reports: WTI crude oil futures extended losses to fall 2% on the day, trading at $100.729 a barrel. The move marks a sharp pullback in crude prices.

TREE NEWS update: The Shanghai Futures Exchange said it will suspend bonded delivery services for cathode copper (CU) and aluminum (AL) futures, effective from the date of the notice. The exchange announced the decision as a research-based ruling without specifying a reason or a timeline for resumption.

TREE NEWS reports: China recorded 51.22 billion cross-regional passenger trips in the first three quarters of the year, up 1.2% year-on-year, the Ministry of Transport said. Commercial freight volume reached 43.04 billion tonnes, up 2.3%, while port cargo throughput totaled 13.64 billion tonnes, up 0.7%. Fixed-asset investment in transport hit 2.4 trillion yuan, including 1.6 trillion yuan for highways and 157.1 billion yuan for waterways.

TREE NEWS update: Shaanxi province issued a 5-year land reserve special local bond with a size of 0.086 billion yuan and an issuance rate of 1.4000%, with a marginal bid-to-cover ratio of 2.09 times against an expected 1.40. The same issuance included a 10-year general local bond of 0.200 billion yuan at 1.6900% and a 10-year ordinary special local bond of 7.55314 billion yuan at 1.6900%, which drew a marginal ratio of 38.57 times.

TREE NEWS update: The 9th China International Import Expo will be held in Shanghai from Nov. 5 to 10, with 162 countries, regions and international organizations participating and total exhibition space exceeding 440,000 square meters for the first time, Commerce Ministry spokesperson Huang Ling said at a regular press briefing. Preparations for the expo have entered their final sprint, she said.

TREE NEWS update: Chinese Defense Ministry spokesman Zhang Xiaogang said the Philippines should not let a small group act recklessly and provoke incidents in the South China Sea, warning that maritime disputes should not dominate bilateral relations. Speaking at a regular press briefing, Zhang said improving China-Philippines relations serves both sides’ interests and that China remains committed to advancing Code of Conduct consultations with ASEAN to maintain regional peace and stability.

TREE NEWS update: China Council for the Promotion of International Trade Vice Chairman Li Xingqian met in Beijing with Friedrich, former vice president of the German Bundestag and chairman of the Committee on Economic and International Cooperation for Eastern Germany, and his delegation. The two sides exchanged views on strengthening exchanges between Chinese, German and European business communities, promoting innovation and development of small and medium-sized enterprises, and deepening international cooperation on industrial and supply chains.

TREE NEWS reports: Mediators including Qatar have presented Iran with a new proposal aimed at narrowing disagreements with the United States over ceasefire priorities, sources said on the 28th. An Iranian official called the plan “unacceptable” the same day, but Foreign Minister Abbas Araghchi said Iran has not abandoned consultations with the mediators.

TREE NEWS reports: The onshore yuan closed at 6.6621 per dollar at 16:30 Beijing time, 48 pips stronger than the previous official close and 39 pips stronger than the prior overnight close. The move marks a firmer official fixing for the Chinese currency against the dollar.

TREE NEWS update: The secretary-generals of Japan’s Liberal Democratic Party, Nippon Ishin no Kai and the Democratic Party for the People agreed on Oct. 29 to cut 31 proportional representation seats in the House of Representatives. Opposition lawmakers criticized the move, saying it would weaken parliamentary oversight of the government and may be intended to pave the way for revising the pacifist constitution.

TREE NEWS reports: Hong Kong stocks closed lower, with the Hang Seng Index falling 0.59% and the Hang Seng Tech Index dropping 2.84%. Biren Technology fell more than 10%, while Hua Hong Semiconductor declined more than 7%.

TREE NEWS update: Leonid Pasechnik, the Russia-installed head of the Luhansk region, said on Oct. 29 that Ukrainian strikes hit energy facilities in the area, cutting power to six municipalities and leaving more than 150,000 customers without electricity as of the report. Backup power was activated for social and medical facilities, and monitoring and repairs are underway. More than 40 aerial targets were destroyed over the region, and Ukraine has not commented.

TREE NEWS reports: IKEA’s Xuhui store in Shanghai has added signs at its restaurant entrance asking customers not to be loud or gather for card games, after social media users said the restaurant now enforces ‘purchase to sit’ on weekdays and that guards on Tuesdays and Thursdays ask non-paying occupants to leave. The notices were seen at the restaurant entrance at the Xuhui location.

TREE NEWS reports: European stock indexes opened mixed on the session, with the Euro Stoxx 50 down 0.31% while the UK’s FTSE 100 gained 0.19%. France’s CAC 40 was flat and Germany’s DAX was roughly unchanged. The split open left the region’s benchmarks without a clear direction at the start of trading.

TREE NEWS update: A magnitude 5.6 earthquake struck off the eastern coast of Mindanao in the southern Philippines at about 15:31 local time on Oct. 29, at a depth of 10 km, with shaking felt in nearby areas, the Philippine Institute of Volcanology and Seismology said. The quake is not expected to cause damage but aftershocks are likely. A magnitude 5.7 quake hit the same area at about 11:19 the same day, later revised upward to 5.9.

TREE NEWS update: China’s Ministry of Commerce said the upgraded protocol to the China-Peru free trade agreement will officially take effect on Nov. 1. Ministry spokesperson Huang Ling announced the date at a press conference in Beijing. The protocol amends the existing bilateral trade pact between the two countries.

TREE NEWS update: Shell’s chief financial officer said third-quarter 2026 diesel production rose 5% year on year. High charter-hire costs affected net debt on a non-cash basis, and the company expects the figure to normalize gradually in the future.

TREE NEWS update: China’s Defense Ministry spokesperson Senior Colonel Zhang Xiaogang said on October 29 that Japan’s insistence on provoking bloc confrontation will not win support, responding to questions about the US-Japan ‘Keen Edge 27′ exercise. The drills, described as the largest to date, focused on island-seizure operations, with Japan’s Self-Defense Forces deploying Type 25 surface-to-ship missiles and the US Marine Corps’ Expeditionary Ship Interdiction System deployed for the first time on Yonaguni Island, near Taiwan.

TREE NEWS update: Japan’s Air Self-Defense Force scrambled 442 times between April and September in response to Chinese and Russian military aircraft, up nearly 70% year-on-year, including 285 sorties against Chinese aircraft and 152 against Russian ones, Japan’s Defense Ministry said. Japanese Defense Minister Gen Nakatani called China-Russia joint patrols a “show of force” aimed at Japan. Chinese Defense Ministry spokesperson Senior Colonel Zhang Xiaogang said Japan’s surveillance and harassment of legitimate Chinese operations exposes a “persecution complex.”

TREE NEWS reports: AQR’s Quality Minus Junk (QMJ) factor rose 14.3% in July, its largest monthly gain since records began in 1957, after a record three-year run in which junk stocks outperformed quality names. Goldman Sachs’ basket of unprofitable tech stocks fell 11% in the third quarter, while Procter & Gamble rose 12.9% and Coca-Cola gained 17.3% since June 30. The prior two largest monthly QMJ gains occurred in November 2000 and October 2008, just before major bear markets.