Flash News

TREE NEWS reports: The S&P 500 opened up 1.50 points, or 0.02%, at 7,813.04, while the Dow Jones Industrial Average opened 110.40 points, or 0.21%, higher at 51,765.35. The Nasdaq Composite opened down 13.66 points, or 0.05%, at 27,352.51.

TREE NEWS reports: Euronext corn futures rose as much as 1.3% intraday, the largest gain in a week. Paris wheat futures also advanced, touching €244.75 a tonne, supported by the return of major importer Algeria to the market. The moves reflect renewed demand from a key buyer in North Africa.

TREE NEWS reports: The Shanghai Futures Exchange’s fuel oil front-month contract rose 6% to 5,396 yuan per tonne. The sharp move marks one of the largest single-day gains in the contract, though no specific catalyst was cited in the market data.

TREE NEWS update: On Oct. 12, the Shanghai Futures Exchange (including its subsidiary INE), the Zhengzhou Commodity Exchange, the Dalian Commodity Exchange and the Guangzhou Futures Exchange simultaneously published draft amendments to their violation-handling rules for public comment. All four propose new provisions targeting six specific categories of breaches of programmatic trading management.

TREE NEWS reports: Night session futures opened with low-sulfur fuel oil and crude oil up more than 4%, while fuel oil gained nearly 4%. Polypropylene rose close to 2%, and pure benzene, plastics, liquefied petroleum gas and propylene each added over 1%. Methanol fell more than 3%, with TSR 20 down over 1% and PVC, wood pulp, soda ash and Shanghai gold each down nearly 1%.

TREE NEWS update: China’s Ministry of Finance will lower the value-added tax export rebate rate for new energy vehicles to 9% from 13%, effective April 1, 2026. Separately, the Commerce Ministry said hybrid-vehicle trade arrangements will not specifically target Chinese products, and China’s quota will be no lower than that of any other European import source.

TREE NEWS update: Houthi forces said the Saudi-led coalition carried out an airstrike on the Shibam Kokban area of Yemen’s Mahwit province during the day of the 12th, damaging local residents’ property. The area is under Houthi control. No casualty figures were given in the Houthi account of the strike.

TREE NEWS reports: Brent crude gained 2.0% intraday to trade at $106.91 a barrel, while West Texas Intermediate rose 2.0% to $93.75 a barrel. Both benchmarks moved higher on the day.

TREE NEWS update: Chinese Premier Li Qiang met Vietnamese National Assembly Chairman Tran Thanh Man at the Great Hall of the People in Beijing on the afternoon of October 12. Li said China is ready to align development strategies with Vietnam and expand cooperation in connectivity, artificial intelligence, clean energy and the digital economy. He also called for stronger coordination within APEC, China-ASEAN and Lancang-Mekong frameworks.

TREE NEWS update: Multiple listed electronic cloth makers confirmed on Oct. 12 that October price hikes have been implemented. Model 7628 electronic cloth rose 1.5 yuan per meter, electronic yarn G75 gained 3,000 yuan per tonne, and thin cloth models 2116 and 1080 rose 2.5 yuan per meter. The increases are among the year’s largest, with thin cloth rising more sharply than thick cloth. New capacity is expected to be released mainly before the end of next year.

TREE NEWS update: Yantian Port announced it will invest about RMB 3.788 billion through its wholly owned subsidiary Shenzhang Port (Jiangsu) Port Affairs Co. to build phase one of the Shenzhang Port terminal project in the Zhangjiagang metallurgical industrial park area of Suzhou Port. The project is designed as a river-sea intermodal hub combining port handling, logistics warehousing, business services and multimodal transport.

TREE NEWS update: China Safety Technology (辰安科技) completed a private placement of 69.79 million A-shares to Hefei Guotou at 20.33 yuan per share, raising 1.419 billion yuan. China Securities Depository and Clearing Corp’s Shenzhen branch has accepted the new-share registration materials. Following the issuance, Hefei Guotou directly holds 87.26 million shares, or 28.85%, becoming the controlling shareholder, with the Hefei State-owned Assets Supervision and Administration Commission as the actual controller.

TREE NEWS update: Chinese tea brand Chagee’s October 12 buy-one-get-one promotion across all product lines, held to celebrate global brand ambassador Zheng Qinwen’s China Open women’s singles title, drove nationwide orders far beyond expectations and briefly crashed its official mini-program. An internal thank-you letter shows the company will pay out a total of 13.5 million yuan in rewards to store employees.

TREE NEWS reports: The Baltic Dry Index, which tracks global bulk shipping rates, dropped 2.23% to 2,852 points. The decline marks a pullback in the benchmark gauge of dry bulk freight costs.

TREE NEWS update: Indonesia’s new central bank governor said Monday that Bank Indonesia retains full autonomy over setting its policy rate, even as it works more closely with the government. The governor described the closer coordination as creating “synergy” with the government, while stressing that rate decisions are still made independently.

TREE NEWS update: Riyadh’s King Khalid International Airport was attacked for a second consecutive day, after a missile struck the terminal area a day earlier, killing 13 people including a US citizen and injuring more than 300. Saudi Arabia blamed Yemen’s Houthi movement and said it would respond forcefully. US President Trump said Washington is considering whether to join military action against the Houthis.

TREE NEWS update: French President Emmanuel Macron said France expects to reach an agreement with Germany soon on protecting the European automotive industry. He gave no further details on the timing or contents of the expected deal. The two countries have been under pressure to respond to mounting challenges facing European carmakers.

TREE NEWS reports: Bitcoin traded in a narrow range near $83,000 as traders positioned for upcoming US inflation data. October rate-hike odds have slumped, though analysts said Treasury yields at two-decade highs are still capping risk appetite.

TREE NEWS reports: China’s Ministry of Industry and Information Technology said the country produced 2.99 million vehicles and sold 2.956 million in September 2026, down 8.7% and 8.4% year on year respectively. The figures mark a decline in both output and sales for the month.

TREE NEWS update: BYD plans to grow its European headcount to more than 40,000 by 2030, Executive Vice President Li Ke said Monday at the Paris auto show. “BYD’s determination to deepen its presence in Europe is very firm, and it is long-term,” Li said. Asked about the company’s European hiring plans, Li said the workforce there “will definitely exceed 40,000” by 2030.