Flash News

TREE NEWS update: China’s Ministry of Commerce published its 2027 total export quotas for seven restricted goods, including 5.2 million kg of licorice and licorice products and 150,000 cubic meters of sawn timber. The notice also set quotas of 1.0804 million kg for artificially cultivated ephedra used in medicine, 1.6054 million head of live pigs for Hong Kong and Macau, 22,000 head of live cattle, 3 million live chickens for Hong Kong, and 14 million kg of rush and rush products.

TREE NEWS reports: Global financial firms, companies and governments have raised $6.61 trillion through investment-grade and junk bond issuance so far this year, up 15% from a year earlier and surpassing the full-year record with two months still to go. Cloud computing giants and data center developers alone issued nearly $368 billion of debt, more than six times the year-earlier level and about a third of the increase in borrowing.

TREE NEWS reports: China’s ChiNext Index dropped 4.45% on Oct. 29, with the Shenzhen Component down 2.92% and the Shanghai Composite off 0.82%, as more than 4,700 stocks across the two exchanges fell. Combined turnover was 1.56 trillion yuan, down 72 billion yuan from the prior session. Bank stocks bucked the trend, with ICBC and China Construction Bank hitting record highs and the big four banks’ combined market value topping 10 trillion yuan, while computing hardware names including TFC Optical plunged.

TREE NEWS reports: China’s trade-in program boosted digital product sales by 44.8% year-on-year in 2026, the Ministry of Commerce said. As of October 28, the program had driven over 2 trillion yuan in related goods sales and benefited more than 257 million person-times, the ministry’s latest data showed.

TREE NEWS update: Glencore said it still expects full-year adjusted marketing EBIT to exceed $5 billion, compared with a market consensus of $5.41 billion. The guidance keeps the miner’s trading arm above the $5 billion mark for the year.

TREE NEWS reports: TotalEnergies reported third-quarter adjusted net income of $9.10 billion, topping the $8.9 billion market estimate. Adjusted earnings per share came in at $4.03 versus a $3.97 forecast, while adjusted EBITDA reached $17.81 billion, ahead of the $17.29 billion consensus.

TREE NEWS reports: China’s ChiNext and STAR Market indexes each fell more than 4% on the day, with the ChiNext down 4.45% and the Shanghai Composite off 0.82%. More than 4,700 stocks across the Shanghai, Shenzhen and Beijing exchanges closed lower, while turnover reached 1.57 trillion yuan. Bank shares bucked the trend, with the combined A+H market value of the four largest state banks exceeding 10 trillion yuan for the first time.

TREE NEWS reports: The Shanghai Composite closed 0.82% lower at 3,651.43, while the ChiNext Index dropped 4.45% to 2,517.59 and the STAR 50 fell 4.27% to 1,228.09. The Shenzhen Component fell 2.92% to 11,138.20, the CSI 300 slipped 1.03% to 4,041.84, and the CSI 500 and CSI 1000 lost 2.82% and 3.03% respectively.

TREE NEWS reports: Shell reported third-quarter adjusted profit of $10.81 billion, beating the $10.23 billion market estimate, with adjusted earnings per share of $1.93 versus $1.79 expected. Revenue came in at $92.85 billion, below the $99.53 billion estimate, while operating cash flow reached $21.04 billion against a $16.13 billion forecast. The company plans to buy back $5 billion in shares, up from $3 billion previously.

TREE NEWS reports: Lloyds Banking Group reported third-quarter statutory pre-tax profit of £2.33 billion, ahead of the £2.29 billion market estimate. Net profit for the quarter came in at £5.07 billion, slightly below the £5.11 billion consensus, while net interest income was £3.81 billion versus an expected £3.83 billion.

TREE NEWS reports: China’s commodity futures closed mixed, with the main lithium carbonate contract dropping more than 8%. Palladium, live hogs, Shanghai silver and pure benzene each fell over 3%. Asphalt rose more than 3%, while iron ore, eggs and fuel oil gained over 2%.

TREE NEWS update: China’s National Development and Reform Commission said it will cap the increase in domestic gasoline and diesel prices from 24:00 on Oct 29, limiting the rise to 345 yuan and 335 yuan per tonne respectively, below the 440 yuan and 420 yuan that the pricing mechanism would have required. The commission attributed the adjustment to higher international crude prices driven by escalating Middle East tensions since the previous price change on Oct 15.

TREE NEWS reports: Alphabet shares fell 9.97% in after-hours trading to $292.50 on Oct. 28 after the company reported third-quarter revenue of $127.577B, up about 25% year on year, and Google Cloud revenue of $30.709B, up 103%. GAAP EPS of $2.12 missed estimates, hurt by an $8.7B equity securities loss, while free cash flow turned negative at about -$9.065B as capital expenditure of $51.355B outpaced operating cash flow of $42.290B.

TREE NEWS reports: Longfor Group’s dollar bond maturing in January 2028 recorded its largest decline since April 7, 2025, with the 4.5% note falling 2 cents to 88.9 cents per dollar. The move marks the sharpest one-day drop in more than a year for the Chinese developer’s offshore debt.

TREE NEWS update: Hubei province issued local government bonds across eight tranches, including a 30-year special bond of 13.98 billion yuan at a 2.18% coupon that drew a marginal bid ratio of 49.29 times against an expected 2.19. The 10-year special bond totaled 1.57 billion yuan at 1.69% with a 21.94x marginal ratio, while the 20-year tranche of 7.712 billion yuan priced at 2.10% saw only a 1.04x marginal ratio. The 7-year general bond raised 7.44829 billion yuan at 1.51%.

TREE NEWS update: Shandong’s Department of Industry and Information Technology issued the “Shandong Province High-End Chemical Industry High-Quality Development Action Plan (2026–2030),” targeting roughly 7% average annual growth in provincial chemical value-added and a 65% share of high-end chemical revenue by 2030. The plan also aims for a 75% rate of chemical enterprises located in designated parks, covering 16 sub-sectors across basic chemicals, new chemical materials and fine chemicals.

TREE NEWS reports: China’s lithium carbonate futures main contract fell below the 90,000 yuan per ton mark, down nearly 7% on the day. The move marks a fresh leg lower for the battery metal, which is closely watched by battery and EV supply chains. No further details were immediately available.

TREE NEWS update: The Federal Reserve voted 10-2 on Oct. 28 to keep the fed funds target range at 3.75%-4.00%, with two dissenters favoring a 25-basis-point hike, and said inflation remains elevated. U.S. stocks closed higher for a third straight session, with the S&P 500 up 0.28% at 7743.98, the Dow up 0.19% at 52475.10 and the Nasdaq up about 0.27% at 26549.85. After the bell, Microsoft rose over 3% on Azure growth and $18.6 billion in free cash flow, while Alphabet fell nearly 10% on weaker search ad growth and negative free cash flow of about $9.07 billion.

TREE NEWS reports: Volkswagen reported third-quarter revenue of €75.28 billion, missing the €78.19 billion estimate. The automaker posted an operating loss of €5.86 billion for the quarter, wider than the expected €5.67 billion loss.

TREE NEWS reports: China’s ChiNext Index dropped more than 4% on the day, while the Shanghai Composite fell 0.85% and the Shenzhen Component lost 2.72%. Computing hardware, semiconductor chips, consumer electronics and software development led the declines, with more than 4,700 stocks falling across the Shanghai, Shenzhen and Beijing markets.