Flash News

TREE NEWS update: Walmart opened its Futian KK ONE store in Shenzhen on October 11, located on the basement level of the KK ONE shopping mall in Futian District. It is Walmart’s 49th store in Shenzhen and the first of its new-generation format in the city, following new-format openings in Chengdu and Nanning, making it the third such store Walmart has opened within a month.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing convened a symposium in Beijing on Oct. 10, where participants agreed the macroeconomy is stable and improving and that the capital market is operating soundly. CaiXin Securities chief economist Yuan Chuang said the meeting sent a positive signal and that the A-share market’s medium- to long-term upward trend remains unchanged.

TREE NEWS update: Saudi Arabia’s Ministry of Education ordered all schools in Riyadh to switch to online learning from the 11th to the 15th, local time on the 11th. The country’s civil aviation authority said in a statement early on the 11th that an attack on Riyadh’s international airport on the 10th killed 12 people and injured 309.

TREE NEWS reports: South Korea’s stock market turnover has fallen 70% from its late-May peak, with foreign investors leaving rapidly and local retail traders also pulling back, as the market’s heavy reliance on Samsung Electronics and SK Hynix comes under strain. Rayliant Global Advisors portfolio management head Phillip Wool said the easy money in the memory-chip trade has been made, adding his fund has been taking profits on Korean AI stocks and is now underweight SK Hynix and Samsung Electronics.

TREE NEWS update: A research team led by Professor Hu Wei at Shanghai Ocean University, working with the Institute of Hydrobiology under the Chinese Academy of Sciences, has identified the first major sex-determining gene in cyprinid fish after more than a decade of study, using the Yellow River carp as the model species. The previously unreported gene was named ‘pangu’ after the ancient Chinese mythic figure, reflecting its role in determining male development.

TREE NEWS update: The 2026 Canton Fair Design Innovation Award (CF Award) has named 222 products from 174 companies as winners, the China Foreign Trade Centre said. Zhangxue Motorcycle’s 820RR took the top Supreme Gold Award, as did the Zhixun capsule robot gastric endoscopy system. No further details on the winning products were disclosed.

TREE NEWS update: Russia’s Defense Ministry said on October 11 that its drones struck a data center in Odesa, southern Ukraine, used by Ukrainian forces to process, transmit and store information, along with a cargo ship carrying military supplies at Chornomorsk port. The strikes took place in the early hours of October 11.

TREE NEWS update: Apple Executive Chairman Tim Cook met Guangdong Governor Meng Fanli in Guangzhou, saying the province is vital to Apple’s China business and that the company is willing to expand its operations there. Cook cited supply-chain coordination, innovation ecosystems, smart and green manufacturing, and sales channels as areas for deeper cooperation with Guangdong cities and companies. Meng said Guangdong welcomes Apple placing more innovative products, new businesses and R&D platforms in the province.

TREE NEWS update: A large roll-on/roll-off vessel carrying 1,530 Chinese-made new energy vehicles departed Nanjing Port on the morning of October 11, bound for Barcelona, Spain, and Zeebrugge, Belgium, marking the official launch of the new “Nanjing-Europe” foreign trade RoRo route. The service adds a direct river-and-sea channel for Chinese vehicle exports to Europe.

TREE NEWS update: Pro-Palestinian demonstrations took place in the UK, Greece and Germany, with protesters calling on Israel to stop its military operations in Gaza. Thousands marched in central London carrying Palestinian flags and placards reading “Stop Genocide” and “Free Palestine,” urging the UK government to halt arms supplies to Israel.

TREE NEWS update: A Mongolian broad-gauge direct freight train loaded with semi-coke departed Erenhot station in Inner Mongolia for Bayan station in Ulaanbaatar, Mongolia. The run marks the formal launch of a logistics innovation product of the China (Inner Mongolia) Pilot Free Trade Zone’s Erenhot area.

TREE NEWS reports: New-home transactions in Beijing have picked up since October as city-level support measures for the housing market take effect. At a sales office in Tongzhou district, staff said they are receiving 200 to 300 groups of prospective buyers a day, with the reception area nearly full. Multiple cities have been optimizing and adjusting their housing provident fund policies.

TREE NEWS update: Japan’s Ministry of Agriculture, Forestry and Fisheries said on the 10th that an outbreak of classical swine fever has been confirmed at a pig farm in Gunma Prefecture, in the northwest of the Kanto region. The affected farm raises about 1,900 pigs, while a second farm with an epidemiological link to it raises about 900 pigs.

TREE NEWS update: Xiamen Rail Construction Development Group’s 10 billion yuan small public corporate bond project was accepted for review, according to the Shanghai Stock Exchange’s corporate bond project information platform. The issuer is a Chinese state-owned urban rail construction company.

TREE NEWS reports: Nearly 80% of about 270 equity-focused insurance asset management products reported negative returns in the third quarter of 2026. Industry participants attributed the broad losses to a sharp correction in the A-share market, and warned that listed insurers face significant earnings pressure in the quarter given the outsize impact of equity investment returns on net profit.

TREE NEWS reports: In the third quarter of 2026, about 80% of roughly 270 equity-focused insurance asset management products recorded negative returns. Industry insiders attributed these widespread losses to the sharp correction in the A-share market, and warned that listed insurers will face considerable earnings pressure in the quarter, given the significant impact of equity investment returns on net profit.

TREE NEWS update: In the third quarter of 2026, about 80% of roughly 270 equity-focused insurance asset management products recorded negative returns. Industry insiders attributed the widespread losses to the sharp correction in the A-share market and warned that, because equity investment income has a significant impact on net profit, listed insurers will face considerable performance pressure in the quarter.

TREE NEWS update: US President Donald Trump said on the 10th that “it is time for Ukraine to have a new president,” adding that President Volodymyr Zelensky is “causing problems for the whole world” by continuing to authorize strikes on Russian oil refineries. Ukraine’s foreign minister responded that Zelensky has the support of the Ukrainian people.

TREE NEWS update: New York’s John F. Kennedy International Airport said on X that screening of arriving passengers is being affected by a U.S. Customs and Border Protection system failure, and travelers should expect longer processing times. Responding to questions from X users, the airport said it is facing a nationwide system issue.

TREE NEWS update: The World Health Organization said on its website on the 10th that it has found no evidence of sustained transmission linked to the illness and death of a worker at a plague-control research institute in Irkutsk, Siberia. The WHO said Russia had notified it of the case, but the pathogen causing the fatal disease has not yet been identified.