Flash News

TREE NEWS reports: Billion-yuan private fund founder Liang Hong said an insurance asset management giant bought heavily into tech stocks at July highs and then sharply cut positions in late September, triggering the recent tech sector selloff. In his weekly report, Liang attributed the decline to capital flows rather than fundamentals, calling the large institution’s chase-high, sell-low behavior puzzling.

TREE NEWS update: Hong Kong Exchanges and Clearing plans to launch a redesigned renminbi-denominated gold futures contract and develop more RMB-denominated precious metals products, CEO Bonnie Chan wrote in a blog post. The move is aimed at expanding the renminbi’s role in commodity trading and risk management.

TREE NEWS reports: Apple supplier AAC Technologies Holdings is considering its first offshore yuan-denominated bond sale, raising up to 3.2 billion yuan, people familiar with the matter said. The planned tenors are five and 10 years. Terms have not been finalized and may change.

TREE NEWS reports: South Korea’s KOSPI closed 3.6% lower at 6,384.24. The benchmark index ended the session at that level, marking a 3.6% decline on the day.

TREE NEWS reports: China’s new energy vehicle production reached 1.814 million units and sales 1.823 million units in September, up 12.2% and 13.6% year-on-year, the China Association of Automobile Manufacturers said. NEVs accounted for 61.6% of total new vehicle sales for the month. For January-September, output totaled 12.483 million units and sales 12.472 million units, both up about 11% year-on-year, with NEVs at 53.6% of total sales.

TREE NEWS reports: According to the China Association of Automobile Manufacturers, China’s September new energy vehicle (NEV) production reached 1,814,000 units and sales reached 1,823,000 units, up 12.2% and 13.6% year-on-year respectively. NEVs accounted for 61.6% of total new car sales that month. On a cumulative basis from January to September, production reached 12,483,000 units and sales reached 12,472,000 units, both up about 11% year-on-year, with NEVs accounting for 53.6% of total sales.

TREE NEWS reports: China’s auto production and sales totaled 2.99 million and 2.956 million units in September, up 11.4% and 9% month-on-month but down 8.7% and 8.4% year-on-year, the China Association of Automobile Manufacturers said. For January-September, output and sales reached 23.246 million and 23.271 million units, both down 4.5% from a year earlier.

TREE NEWS update: EU foreign affairs official Kallas said the bloc welcomes an energy ceasefire if it is maintained. The statement was made without further detail on the terms, duration or parties involved. No additional conditions or timelines were given.

TREE NEWS reports: China’s new energy vehicle output reached 12.483 million units and sales 12.472 million units in the first nine months of 2025, up 11% and 11.1% year on year, the China Association of Automobile Manufacturers said on October 12. NEVs accounted for 53.6% of total new vehicle sales, with overseas markets showing particularly strong performance.

TREE NEWS reports: Cui Dongshu, head of the China Passenger Car Association’s secretariat at the China Automobile Dealers Association, said the EU’s new restrictions on Chinese plug-in hybrid vehicle exports will weigh on shipments in the short term but cannot shake China’s overall new-energy vehicle export base. He said Chinese PHEV products have moved from costing more than fuel cars to price parity and now below it, and are globally leading on technology, fuel consumption and overall value. Chinese PHEV exports to the EU surged in 2025-2026, bringing competitive pressure, he added.

TREE NEWS reports: Lithium carbonate futures for January 2027 delivery fell 8.37% to 108,800 yuan per tonne as of the October 12 morning close, breaking below the 110,000 yuan mark to a fresh low for the year. The contract has nearly halved from its peak above 200,000 yuan per tonne in mid-May, a decline achieved in under six months.

TREE NEWS reports: China’s 30-year treasury futures contract rose as much as 0.50% intraday, extending gains to their highest level since August 2025. The move marks continued strength in the long end of the government bond market. No further details were disclosed.

TREE NEWS reports: The front-month lithium carbonate contract on the Guangzhou Futures Exchange extended its intraday loss to 10%, trading at 106,860 yuan per tonne. The move marks a sharp single-session drop in the battery-metal futures contract on the Chinese exchange.

TREE NEWS reports: South Korea’s KOSPI index dropped below the 6,400 mark on Thursday, falling 3.43% during the session. The benchmark’s slide reflects a sharp intraday sell-off in Seoul equities.

TREE NEWS reports: Spot gold dropped below $4,180 an ounce, down 0.36% intraday. The move marks a pullback for the metal after recent trading, with the price slipping through the $4,180 level during the session.

TREE NEWS reports: China’s September passenger-vehicle retail sales fell far more sharply than in previous months of this cycle, the China Passenger Car Association said, calling the traditional “Golden September” peak season severely lacking. The trade body said the month was marked by stock-market-style zero-sum competition rather than broad growth, with fuel-vehicle demand continuing to shrink sharply.

TREE NEWS reports: China exported 558,000 new-energy passenger vehicles in September, up 163.5% year on year and 7.7% month on month. NEVs accounted for 60.8% of all passenger car exports, 21 percentage points higher than a year earlier. Battery-electric models made up 60.5% of NEV exports, with A00 and A0 class BEVs taking 57.9% of that segment.

TREE NEWS reports: China’s A-share solar equipment sector rallied sharply, with Shouhang New Energy and Ancai Hi-Tech both hitting their daily limit up. Runze New Energy jumped more than 12%, while Shangneng Electric, Haitai New Energy and Deye shares followed higher. The move marks a broad-based surge across listed Chinese photovoltaic equipment makers.

TREE NEWS update: China and the EU reached consensus on multiple outcomes under their trade and investment consultation mechanism, including intensive talks on hybrid and electric vehicle trade, China’s Ministry of Commerce said. The two sides handled economic and trade differences and mutual concerns in a balanced way, based on mutual respect and equal consultation. Beijing said the outcomes help maintain a stable and balanced key trade partnership.

TREE NEWS reports: China’s retail sales of narrow passenger vehicles fell 28% year-on-year in September, while rising 5% month-on-month, the China Passenger Car Association said. The figures cover the narrow passenger vehicle category for the month.