Flash News

TREE NEWS reports: A-shares staged a V-shaped reversal on October 9, with the Shanghai Composite recovering the 3,800 level and broad-based ETFs seeing sharply higher turnover, after a pullback following the National Day holiday. Multiple Chinese brokerages said in strategy notes this week that pessimism has been largely priced in and policy support remains in place, keeping near-term volatility from denting the market’s underlying resilience. With Q3 earnings season opening, brokers see structural repair opportunities in October, with earnings delivery becoming the core pricing anchor.

TREE NEWS update: The US Department of Energy has authorized an emergency release of 4 million barrels of crude from the Strategic Petroleum Reserve to address supply disruptions caused by Hurricane Isaias. The reserve has been drawn down repeatedly since the US-Iran conflict roiled energy markets, leaving inventories at their lowest level since 1982.

TREE NEWS update: China’s securities regulator on October 9 released a draft revision of the rules governing publicly offered securities investment funds for public consultation, the first systemic overhaul since the current measures took effect in 2014. The CSRC said the changes aim to promote equity products, widen room for public fund innovation, improve fund governance and put investor interests first, as part of its action plan for high-quality public fund development.

TREE NEWS update: US President Donald Trump said on October 11 via his Truth Social platform that Katie Zakaria will formally take over as White House press secretary on October 12. Her first press briefing is scheduled for 9:30 a.m. on October 13 in the White House briefing room.

TREE NEWS update: A tanker was struck by a drone at an anchorage near Suhar port in Oman, the United Kingdom Maritime Trade Operations said in an advisory dated October 11. UKMTO reported the attack on the vessel in the anchorage area off the Omani port. No further details on casualties or damage were given.

TREE NEWS update: Saudi-led coalition forces intercepted and destroyed a drone over eastern Saudi Arabia on the evening of October 11 local time, coalition spokesman Turki al-Maliki said. The coalition did not specify the origin of the drone or any damage or casualties. The interception is the latest in a series of drone incidents reported by the coalition.

TREE NEWS reports: Implied odds that the Federal Reserve leaves rates unchanged in October climbed to 84%, while the probability of a 25-basis-point hike fell to 17%. Trading volume on the event has reached $32 million.

TREE NEWS update: Iranian Foreign Minister Abbas Araghchi told Saudi Foreign Minister Faisal bin Farhan in a phone call on the evening of the 11th that the region’s crises have no military solution. Araghchi voiced concern over rising regional tensions and said Iran is ready to offer all assistance to facilitate dialogue between Saudi Arabia and Yemen aimed at reaching a political settlement.

TREE NEWS update: A White House official said Russia has not accepted any form of ceasefire, clarifying that the truce announced by Trump refers to a potential agreement rather than a done deal. The Moscow trip by Witkoff and Kushner has been put on hold, the official said.

TREE NEWS update: Saudi Arabia’s General Authority of Civil Aviation said King Fahd International Airport in the eastern city of Dammam was attacked on the evening of October 11 local time. The authority said attacks on Saudi civil aviation facilities have continued in recent days. Authorities are coordinating an assessment of damage at the airport and inspecting the safety of related facilities.

TREE NEWS update: Iran’s Supreme National Security Council secretary Rezaei said on the evening of October 11 local time that the US response to Iran’s conditions for reopening the Strait of Hormuz was “not sufficient,” and demanded clarification on points Tehran still questions. Rezaei said Iran presented seven conditions to Washington and made clear the strait would not open and no negotiations would take place until they are met. He said the US has accepted some conditions but remains unclear on others.

TREE NEWS update: Iran’s deputy foreign minister said Iran is in a state of war and that no merchant vessel may pass through the Strait of Hormuz without coordinating with Tehran. He said Iran is working to register an agreement with Oman on Hormuz transit routes at the International Maritime Organization, but that IMO registration would not mean the strait is open. Reopening depends on the US honoring previously suspended commitments.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said on October 11 that Ukraine supports a “practical and reliable” ceasefire and will refrain from striking Russian energy facilities, expecting Russia to do the same. He welcomed the energy truce arrangement announced by US President Donald Trump and said Ukraine’s armed forces have received the relevant orders, expressing hope the arrangement is genuinely implemented.

TREE NEWS update: The United States is threatening to suspend its weapons supply mechanism to Ukraine to pressure Kyiv into halting deep strikes on Russian energy infrastructure, European officials said on October 11. Washington is lobbying European capitals and Kyiv to end attacks on Russian refineries.

TREE NEWS update: A Sudanese civil society group said a large-scale airstrike hit a gold mining site in the Northern Wadi area near the Egyptian border on October 10, killing 72 miners. The group accused the Egyptian air force of carrying out the strike and said casualty figures were still being tallied. Neither Egyptian nor Sudanese authorities have responded. Sudan’s conflict, which began in April 2023, has killed at least 59,000 people.

TREE NEWS update: Iran’s Revolutionary Guard Navy said any vessel in the Strait of Hormuz that turns off its navigation and identification systems will be treated as a hostile target and dealt with severely and decisively. The statement, issued by the IRGC naval force, applies to the strategic waterway through which a large share of global seaborne oil passes. No further details or specific vessels were named.

TREE NEWS update: President Trump said Russia and Ukraine have agreed to an energy ceasefire that takes effect immediately. In a statement, he said the agreement should not be broken. No further terms, signatories or duration were disclosed.

TREE NEWS update: The Xishan District Transport Bureau in Kunming reported a sudden landslide on the road between Chejiabi in Biji Subdistrict and Yingpan Mountain. Search and rescue operations at the site found no casualties, the bureau said. The announcement did not specify when the collapse occurred or the extent of the damage.

TREE NEWS update: Saudi Arabia’s King Abdullah Financial District (KAFD) has extended remote work arrangements until further notice, the district said. The measure keeps staff at the Riyadh financial hub working off-site, with no date given for a return to on-site operations. No reason for the extension was provided.

TREE NEWS reports: A UK Maritime Trade Operations report said an outbound oil tanker was struck on its port side by an unidentified projectile in the Strait of Hormuz on Wednesday, damaging the vessel. All crew are safe and no environmental impact was reported at the time of the attack. The incident is under investigation.