Flash News

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.

TREE NEWS reports: Japan’s Nikkei 225 closed up 1.1% at 64,659.47, while the broader Topix gained 0.3% to 4,003.28. South Korea’s Kospi fell 1.2% to 5,937.66, leaving the region’s two main markets moving in opposite directions.

TREE NEWS update: China’s Finance Minister Lan Fo’an met World Bank Managing Director and Chief Administrative Officer Zhang Wencai in Beijing on Oct. 23, 2026, to exchange views on cooperation between China and the World Bank. Assistant Finance Minister Chang Junhong also attended the meeting, the Ministry of Finance said.

TREE NEWS reports: AB InBev reported third-quarter organic volume growth of 0.4%, falling short of the 0.5% growth expected. The figure, released as part of the brewer’s quarterly update, marks a slight miss against consensus. No further details were disclosed in the initial release.

TREE NEWS update: A fire broke out at the Savannah River National Laboratory in South Carolina on the 28th. After the blaze was extinguished, officials said no reports had been received of radioactive contamination outside the plant site. No further details on the cause or the extent of the damage were provided.

TREE NEWS reports: BBVA reported third-quarter net profit of €3.02 billion, beating the €2.98 billion forecast. Net interest income came in at €8.08 billion versus an expected €7.77 billion, total revenue reached €10.91 billion against a €10.75 billion estimate, and operating profit was €6.75 billion, ahead of the €6.57 billion consensus.

TREE NEWS reports: Spot silver fell 2% during the trading session and was quoted at $52.86 per ounce. The move marks a sharp intraday pullback for the precious metal, which has drawn heavy market attention amid volatile trading in metals markets.

TREE NEWS reports: Secondary home transactions in 20 key Chinese cities rose 20% year-on-year in the first 28 days of October, widening from the previous month’s gain. New home sales by floor area in 30 key cities fell 13% over the same period. Beijing, Shanghai and some second-tier cities kept secondary-market activity elevated, while new home demand remained in adjustment.

TREE NEWS reports: Taiwan’s stock exchange weighted index closed 1.4% lower at 46,368.33 on the day. The decline marked a pullback for the benchmark, with the close putting the index at that level.

TREE NEWS reports: Brent crude dropped below $110 a barrel on Monday, falling more than 1.4% intraday to trade at $109.98. The move marks a fresh leg lower for the benchmark, which has been volatile amid shifting supply and demand expectations. No further details were immediately available.

TREE NEWS reports: Societe Generale reported third-quarter net profit of €1.89 billion, up 24% year on year and ahead of the €1.66 billion estimate. Operating income for the quarter reached €2.67 billion, up 20% and above the €2.48 billion forecast. Equity business revenue rose 46% to €1.20 billion, beating the €876 million estimate.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said on the 29th that it intercepted and shot down a US MQ-1 drone over the Strait of Hormuz. The IRGC said the aircraft was the 14th US MQ-1 drone it has brought down.

TREE NEWS update: China’s Chengdu Aircraft Design Institute, part of AVIC, published bid-winner candidates for a flight-vehicle launch service on Oct. 28, with LandSpace Space Technology ranked first at a bid price of 95 million yuan and Beijing CAS Space Technology second at 100 million yuan. Both committed to completing the launch and in-orbit delivery within five years of contract signing. The public notice period runs from Oct. 28, 2026 to Nov. 2, 2026.

TREE NEWS update: The US Department of Homeland Security on October 28 US Eastern Time added three Chinese entities to the Uyghur Forced Labor Prevention Act entity list, prompting a response from China’s Ministry of Commerce spokesperson. The spokesperson took questions on the move, which Beijing is responding to publicly. No further details on the entities or the response were provided.