Flash News

TREE NEWS reports: Bullish positions on the Korean won have reached their highest level since January 2013. The data indicates growing investor confidence in the currency. The survey did not specify the exact positioning figures or the number of respondents.

TREE NEWS update: Guangdong’s Department of Natural Resources is soliciting public feedback on measures to accelerate redevelopment of low-efficiency land, encouraging rural collective economic organizations to undertake self-redevelopment. Under the plan, such organizations can redevelop land according to new planning uses, excluding commercial housing, with procedures for collective or state-owned land use. For land converted to state-owned for industrial purposes, the government may expropriate and then transfer it by agreement to the collective or its wholly-owned subsidiary.

TREE NEWS update: South Korea’s presidential office said on Thursday it will work to prevent US semiconductor tariff measures from hurting Korean companies, following comments by US Commerce Secretary Howard Lutnick. A presidential official stated details are not yet finalized, and the government will monitor developments closely and maintain communication with Washington to protect domestic firms.

TREE NEWS update: The World Meteorological Organization confirmed on September 3 that El Nino has formed and will continue to strengthen, expected to develop into a super-strength event. This will significantly impact global precipitation and temperature patterns, with associated extreme weather risks persisting until 2027.

TREE NEWS update: Guangdong’s Department of Natural Resources has published draft measures to accelerate redevelopment of low-efficiency land, including orderly government acquisition and renovation. The plan supports state-owned enterprises to participate in preliminary land preparation via government procurement, and requires ‘clean land’ supply before signing contracts. Compensation standards for village collectives are to be unified by cities and counties.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said Russia will slightly reduce oil production this year. The statement was made without specifying exact volumes or a timeline. This move aligns with OPEC+ efforts to manage global supply.

TREE NEWS update: China’s Ministry of Industry and Information Technology will further regulate competition in the power battery sector and strengthen industry monitoring and dynamic capacity warnings, Vice Minister Xiong Jijun said at the 2026 World Power Battery Conference on September 3. The ministry will accelerate standards for safety, cycle life, carbon footprint, and recycling, aligning with international norms.

TREE NEWS reports: Taiwan’s benchmark TAIEX index fell 0.7% to close at 45,857.66 points on [date]. The decline reflects continued market volatility amid global economic uncertainties.

TREE NEWS reports: Fuel oil continuous main contract dropped 3% intraday, now trading at 3,820 yuan per ton. The decline reflects renewed selling pressure in the energy complex.

TREE NEWS update: At the 2026 World Power Battery Conference in Yibin on September 3, Chery Holding Chairman Yin Tongyue said that going global is not about ‘harvesting’ but ‘deep cultivation,’ aiming to become a participant and contributor to local economies. He emphasized that achieving ‘electric drive for all’ requires global cooperation, not just OEMs and battery makers working alone.

TREE NEWS reports: Brent crude oil dropped 1.0% on the day to $94.67 per barrel, extending recent declines amid ongoing market volatility. The move reflects shifting supply-demand dynamics and broader macroeconomic concerns.

TREE NEWS reports: China’s major stock indexes turned lower in afternoon trading, with the STAR 50 index extending losses to 1%. Over 3,900 stocks fell across Shanghai, Shenzhen, and Beijing exchanges. In Hong Kong, the Hang Seng Tech Index dropped over 1%.

TREE NEWS reports: As of now, southbound capital under the Stock Connect has recorded net buying of HK$5 billion. The inflow reflects continued demand from mainland investors for Hong Kong-listed equities.

TREE NEWS reports: China’s major A-share indices turned lower in afternoon trading, with the STAR 50 index extending losses to 1%. Over 3,800 stocks declined across the market, reflecting broad weakness.

TREE NEWS reports: India’s August composite PMI was finalized at 54.3, down from the flash estimate of 54.6, indicating continued expansion in the private sector. The reading, released today, reflects sustained growth in both manufacturing and services.

TREE NEWS update: The 2026 World Power Battery Conference opened in Yibin, Sichuan, on September 3. Under the theme ‘Electrify Everything, Integrate for Symbiosis,’ the two-day event features a plenary session, eight thematic forums, and activities covering policy, solid-state batteries, supply chains, applications, energy storage, and recycling.

TREE NEWS update: China’s Vice Commerce Minister Ling Ji and his EU counterpart, Deputy Director-General Denis Redonnet of the European Commission’s trade and economic security department, held trade consultations in Beijing from August 31 to September 2. The talks prepared for the second meeting of the China-EU Trade and Investment Consultation Mechanism.

TREE NEWS update: The US Department of Justice issued a legal opinion on April 2 requiring states receiving federal welfare funds to expand reporting of undocumented immigrants to the Department of Homeland Security, or face funding cuts. The move pressures states to cooperate with federal immigration enforcement, extending reporting duties to agencies like motor vehicle departments and state universities. At least 19 states and Washington, DC, currently allow undocumented immigrants to obtain driver’s licenses.

TREE NEWS update: China’s National Disaster Prevention and Reduction Committee and the Ministry of Emergency Management, in a multi-department consultation, forecast that 2-3 typhoons will make landfall or significantly affect China in September 2026, more than the usual annual average. The typhoons are expected to be stronger, moving northwestward or westward, mainly impacting eastern and southern coastal areas, with a possibility of a stronger typhoon affecting northern regions.

TREE NEWS update: Key global data and events today (Beijing time) include India, France, Germany, Eurozone, UK August PMIs, Swiss CPI, Eurozone July PPI, US initial jobless claims, trade balance, Q2 productivity, ISM services, and Fed speakers Waller, Hammack, Goolsbee. Tesla holds its Cybercab event. BOE’s Pill speaks. Times range from 13:00 to next day 03:55.