Flash News

TREE NEWS reports: China’s ChiNext Index and STAR 50 Index each fell more than 3%, while the Shanghai Composite slipped 1.14% and the Shenzhen Component dropped 2.24%. Semiconductors, computing hardware, consumer electronics and battery-related sectors led the declines, with more than 4,900 stocks falling across the Shanghai, Shenzhen and Beijing exchanges.

TREE NEWS reports: The CSI Convertible Bond Index opened 0.37% lower. Huamao, Lianrui, Outong, Qiangda and Yitian convertible bonds led the declines, falling 4.01%, 3.89%, 3.86%, 3.55% and 3.24% respectively. Zhuomei, Sanjiang, Shengde, Hao 26 and Aohong convertible bonds led the gains, rising 1.34%, 1.05%, 1.00%, 0.78% and 0.66%.

TREE NEWS reports: China’s treasury futures opened higher across the curve, with the 30-year main contract up 0.20%, the 10-year up 0.03%, the 5-year up 0.01% and the 2-year up 0.01%. The gains were led by the longest-dated contract, while the shorter tenors moved only marginally at the open.

TREE NEWS reports: China’s major stock indices opened lower on the day, with the Shanghai Composite down 0.96% at 3760.80 and the Shenzhen Component falling 1.79% to 12163.23. The ChiNext Index dropped 2.18% to 2899.15, the CSI 300 slipped 1.19% to 4236.95, and the STAR 50 lost 2.61% to 1389.53.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.41% lower at 24,172.09 points, while the Hang Seng Tech Index dropped 0.96%. MINIMAX fell more than 4%, with Zhipu and Iluvatar CoreX each down over 3%.

TREE NEWS update: The People’s Bank of China conducted a 65 billion yuan 7-day reverse repurchase operation on Thursday at an interest rate of 1.40%, unchanged from the previous operation. No reverse repos matured on the day, resulting in a net injection of 65 billion yuan into the banking system.

TREE NEWS reports: The People’s Bank of China set the yuan’s central parity rate at 6.7298 per dollar, 15 pips stronger than the previous fix of 6.7313. The spot rate closed at 6.6930 in the prior official session and last traded at 6.6940 in overnight trading.

TREE NEWS reports: Taiwan’s TAIEX weighted stock index fell 1.5% to 48,564.60 points in early trading. The drop marks a weaker opening for Taipei equities.

TREE NEWS reports: China’s commodity futures opened higher in energy on Monday, with the LU fuel oil main contract up nearly 6%, fuel oil up more than 3% and crude oil up over 2%. The session was mixed, as methanol fell more than 5%, lithium carbonate dropped over 4%, and ethylene glycol, asphalt and apple each declined more than 2%.

TREE NEWS reports: JPMorgan and Goldman Sachs arranged a $5 billion debt financing for AI cloud startup Volta Infrastructure Holdings while limiting their own exposure, underwriting $1.3 billion of term loans but not the remaining $3.7 billion in chip loans. The debt carries a yield of about 11%, among the highest borrowing costs in the leveraged loan market tied to AI financing, as investors demand higher returns on high-risk AI-related debt.

TREE NEWS reports: South Korea’s KOSPI extended its decline to 5.1%, closing at 6,061.82 points, with chipmakers leading the selloff. SK Hynix dropped more than 7% and Samsung Electronics fell nearly 6%. The MSCI Asia-Pacific index also slipped 1% to 270.78 points.

TREE NEWS update: Tencent has begun marketing US dollar and offshore yuan bonds expected to raise about $5 billion to fund its growing artificial-intelligence investments. The company set initial price guidance for its 10-year and 20-year dollar notes at roughly 115 and 140 basis points over comparable US Treasuries, and is also marketing 10-year and 30-year offshore yuan bonds at around 2.9% and 3.5%. The bonds could price as early as Tuesday.

TREE NEWS update: The Korea Exchange activated its sidecar mechanism, suspending program selling on the KOSPI. The circuit-breaker-style tool is invoked when futures prices move sharply, temporarily blocking algorithmic sell orders on the main board. The move halts program trading on the sell side for the duration of the activation.

TREE NEWS reports: Margin financing balances on the Shanghai and Shenzhen stock exchanges fell by a combined 4.696 billion yuan to 2.517 trillion yuan as of October 12, down from the previous trading day. The Shanghai bourse’s margin balance dropped 2.271 billion yuan to 1.289 trillion yuan, while Shenzhen’s fell 2.425 billion yuan to 1.228 trillion yuan.

TREE NEWS reports: Nanya Technology president Pei-Ing Lee said DRAM prices will continue to rise in the fourth quarter, with the size of increases varying by product, and gross margin may beat the third quarter. Customers are actively negotiating long-term supply agreements, and some strategic partners want to take equity stakes to secure capacity.

TREE NEWS update: Australia’s central bank board unanimously agreed that a 25 basis point rate increase was needed. The committee briefly considered the case for holding rates steady, including falling house prices, but flagged rising upside inflation risks and excess demand greater than previously expected. It said rates must be adjusted in a timely way to anchor inflation expectations.

TREE NEWS reports: Elon Musk has donated more than $276 million to Republican-affiliated political organizations since July, making him the largest known political donor of the 2026 US midterm elections. The figure covers contributions made since the start of July this year.

TREE NEWS reports: Australia’s NAB business confidence index came in at -1 for September, unchanged from the prior reading of -1. The flat print leaves the gauge in negative territory for the month.

TREE NEWS reports: CSC Financial advised investors to adopt a balanced portfolio strategy for the fourth quarter, recommending increased allocation to quality centrally-owned state enterprises in coal, power, real estate and banking. The brokerage said the sharp rise in tech stocks and steep decline in traditional sectors in the first half of 2026 created a valuation gap, with upgrades, professional consolidation and efforts to curb “involution-style” competition set to bring turnaround opportunities for undervalued sectors.

TREE NEWS reports: South Korea’s KOSPI opened lower on Tuesday, October 13, dropping 4.49% to 6,097.34 points. SK Hynix and Samsung Electronics each fell more than 4%. The decline extended as the session got underway.