Flash News

TREE NEWS reports: Hong Kong’s Hang Seng Index dropped more than 1% on the day, with Haidilao, WuXi Biologics and Hua Hong Semiconductor each falling over 5%. The decline was led by consumer and healthcare names alongside semiconductor maker Hua Hong.

TREE NEWS update: IMF Chief Economist Pierre-Olivier Gourinchas said policymakers should adopt more restrictive monetary policy to bring inflation back to target. The call for tighter policy signals the Fund’s view that inflation risks remain and that central banks should not ease prematurely.

TREE NEWS update: CanSemi Semiconductor listed on October 13, becoming the first wafer foundry on ChiNext. The company is Guangdong’s first 12-inch wafer manufacturer to reach mass production and mainland China’s only 12-inch silicon photonics wafer production platform. GAC Capital, which backed CanSemi’s Series A and B rounds in 2021 and 2022, said its core thesis was improving self-sufficiency in automotive semiconductors.

TREE NEWS update: Liaoning’s Finance Department and Data and Government Services Bureau jointly issued implementation rules for a computing power voucher policy, officially launching the subsidy program backed by provincial digital economy special funds. The policy aims to inject fiscal support into the province’s artificial intelligence industry.

TREE NEWS reports: Indonesia’s and the Philippines’ benchmark stock indices each fell 1% during intraday trading. The declines mark a day of losses for both Southeast Asian equity gauges.

TREE NEWS update: Tongwei, GCL and other leading Chinese solar manufacturers held a closed-door meeting in Hangzhou on October 11 to advance an industry anti-involution initiative. The meeting produced a plan to implement capacity limits, under which companies would voluntarily restrain output based on total market demand through market-based adjustment mechanisms, and set clear price floors for polysilicon and module segments.

TREE NEWS reports: The New Taiwan dollar weakened 0.5% against the US dollar to trade at 32.056. The move marks a further slide in the Taiwanese currency, which has been under pressure amid broad US dollar strength. No official intervention or policy comment accompanied the level.

TREE NEWS reports: The IMF projects global GDP output would be 1.1% lower by 2028 under an extreme scenario in which the AI investment boom unwinds and asset prices fall sharply. The estimate was published as part of the fund’s scenario analysis.

TREE NEWS reports: The IMF expects global headline inflation to rise to 4.7% in 2026 before easing to 4.1% in 2027, matching the 2025 level. Its projections assume the Strait of Hormuz resumes shipping in March 2027 and returns fully to pre-war levels by October 2027, with average oil prices of $96 a barrel in 2026 and $87 in 2027, up from July forecasts of $89 and $78. Under an extreme scenario of a wider Middle East war and crude at $130 a barrel through Q1 2027, global growth would be cut by 0.2 and 0.5 percentage points in 2026 and 2027.

TREE NEWS reports: The IMF now expects India’s economy to grow 7.0% in both 2026 and 2027, up from its July forecasts of 6.4% and 6.7%. The revised projections put India’s growth rate a full percentage point above the fund’s earlier 2026 estimate. No further detail on the drivers of the upgrade was given.

TREE NEWS reports: The IMF raised its 2026 eurozone economic growth forecast to 1.1% from 0.9% in July, citing resilience in Germany, Italy and Spain. The upward revision was attributed to the three economies’ economic resilience.

TREE NEWS reports: The IMF forecasts US economic growth of 2.3% in 2026, unchanged from its July projection and matching the 2025 estimate. For 2027, the fund raised its US growth forecast to 2.3%, up from 2.2% in July.

TREE NEWS reports: The IMF raised its 2026 global real GDP growth forecast to 3.1%, up from 3.0% in July, citing AI investment in key economies that cushioned the impact of energy price shocks. The fund kept its 2027 projection unchanged at 3.4%, against actual growth of 3.5% in 2025.

TREE NEWS update: Houthi political bureau member Al-Bukhaiti said on October 12 that the group would respond “swiftly and painfully” if the United States takes part in any aggression against Yemen. He said the Houthis would strike US targets and all American interests in the region. The warning came amid heightened regional tensions.

TREE NEWS reports: The US 10-year Treasury yield dropped 5 basis points to 5.19%, a move that lowers the benchmark rate used to price risk assets across global markets. The decline in the benchmark yield came as a single-session move, with no further details given on the drivers behind the fall.

TREE NEWS update: The 2026 World New Energy and New Materials Conference opened on October 12 in Ordos, Inner Mongolia, under the theme “Diverse Synergy, Multi-Energy Complementarity.” More than 300 companies and 8,000-plus guests are attending. A concurrent exhibition spanning 30,000 square meters hosts eight zones covering central and state-owned enterprises, wind, solar PV, hydrogen, energy storage, new energy vehicles, coal-based new materials, and AI plus energy.

TREE NEWS update: The Export-Import Bank of China issued nearly 1 trillion yuan in new foreign trade loans in the first three quarters of the year, up 9% year on year. About 40% of the total went to stabilizing foreign trade entities and industrial chains. The bank said it is supporting goods and services trade, new business models including digital and green trade, and cross-border settlement, trade financing and supply chain finance for companies going global.

TREE NEWS reports: The MSCI Asia-Pacific Index dropped 2% to 268.03, a broad decline across the region’s equities. The move reflects selling pressure across Asia-Pacific markets in the session.

TREE NEWS reports: The Hang Seng Tech Index extended its intraday decline to 2%, marking a sharp pullback in Hong Kong-listed technology shares. The move reflects broad selling pressure across the index’s constituents during the session.

TREE NEWS update: Zunjie Automobile released a statement on October 11, 2026, saying a nationally accredited third-party testing agency found its V800 brake pedal complies with industry standard QC/T 788-2018, meeting the 1,500N longitudinal force requirement. The disclosure follows a dispute over the vehicle’s brake pedal.