TREE NEWS reports: Cui Dongshu, head of the China Passenger Car Association’s secretariat at the China Automobile Dealers Association, said the EU’s new restrictions on Chinese plug-in hybrid vehicle exports will weigh on shipments in the short term but cannot shake China’s overall new-energy vehicle export base. He said Chinese PHEV products have moved from costing more than fuel cars to price parity and now below it, and are globally leading on technology, fuel consumption and overall value. Chinese PHEV exports to the EU surged in 2025-2026, bringing competitive pressure, he added.
TREE NEWS reports: Lithium carbonate futures for January 2027 delivery fell 8.37% to 108,800 yuan per tonne as of the October 12 morning close, breaking below the 110,000 yuan mark to a fresh low for the year. The contract has nearly halved from its peak above 200,000 yuan per tonne in mid-May, a decline achieved in under six months.
TREE NEWS reports: China’s 30-year treasury futures contract rose as much as 0.50% intraday, extending gains to their highest level since August 2025. The move marks continued strength in the long end of the government bond market. No further details were disclosed.
TREE NEWS reports: The front-month lithium carbonate contract on the Guangzhou Futures Exchange extended its intraday loss to 10%, trading at 106,860 yuan per tonne. The move marks a sharp single-session drop in the battery-metal futures contract on the Chinese exchange.
TREE NEWS reports: South Korea’s KOSPI index dropped below the 6,400 mark on Thursday, falling 3.43% during the session. The benchmark’s slide reflects a sharp intraday sell-off in Seoul equities.
TREE NEWS reports: Spot gold dropped below $4,180 an ounce, down 0.36% intraday. The move marks a pullback for the metal after recent trading, with the price slipping through the $4,180 level during the session.
TREE NEWS reports: China’s September passenger-vehicle retail sales fell far more sharply than in previous months of this cycle, the China Passenger Car Association said, calling the traditional “Golden September” peak season severely lacking. The trade body said the month was marked by stock-market-style zero-sum competition rather than broad growth, with fuel-vehicle demand continuing to shrink sharply.
TREE NEWS reports: China exported 558,000 new-energy passenger vehicles in September, up 163.5% year on year and 7.7% month on month. NEVs accounted for 60.8% of all passenger car exports, 21 percentage points higher than a year earlier. Battery-electric models made up 60.5% of NEV exports, with A00 and A0 class BEVs taking 57.9% of that segment.
TREE NEWS reports: China’s A-share solar equipment sector rallied sharply, with Shouhang New Energy and Ancai Hi-Tech both hitting their daily limit up. Runze New Energy jumped more than 12%, while Shangneng Electric, Haitai New Energy and Deye shares followed higher. The move marks a broad-based surge across listed Chinese photovoltaic equipment makers.
TREE NEWS update: China and the EU reached consensus on multiple outcomes under their trade and investment consultation mechanism, including intensive talks on hybrid and electric vehicle trade, China’s Ministry of Commerce said. The two sides handled economic and trade differences and mutual concerns in a balanced way, based on mutual respect and equal consultation. Beijing said the outcomes help maintain a stable and balanced key trade partnership.
TREE NEWS reports: China’s retail sales of narrow passenger vehicles fell 28% year-on-year in September, while rising 5% month-on-month, the China Passenger Car Association said. The figures cover the narrow passenger vehicle category for the month.
TREE NEWS update: Dajin Heavy Industry said on Monday that market rumors claiming the European Commission has launched anti-dumping and anti-subsidy investigations into wind turbine towers and key structural components originating from China are false. A company hotline staffer confirmed the claims were untrue and said operations remain normal. Other listed wind power firms also called the reports fake, with some staff saying they had received no such notice.
TREE NEWS reports: Samsung Electronics shares fell 3.6% in afternoon trading. The decline marks a sharp intraday move for the South Korean technology giant. No company statement or specific catalyst was cited in the material.
TREE NEWS update: Shanghai launched its “Action Plan for Accelerating Next-Generation Smart Manufacturing” on October 12 at the opening of the 26th China International Industry Fair. The plan comprises four major programs and 19 key tasks to deepen AI-manufacturing integration. Shanghai aims to put 8,000 humanoid robots into factories by 2028. The city already hosts two national-leading and 28 national-excellence smart factories, the most of any Chinese city.
TREE NEWS update: Beijing police have opened a criminal investigation into companies linked to CreditEase and taken coercive measures against the actual controller and others. The ChiNext and Shenzhen Component indexes each fell more than 1%, while Bank of China and ICBC hit new highs. Premier Li Qiang will attend the opening of the 140th Canton Fair.
TREE NEWS update: The 2026 Nobel Prize in Economics will be announced at 17:45 Beijing time on Monday. China’s September financial data may also be released during the day. The IMF and World Bank annual meetings run in Bangkok through October 18, and Cleveland Fed President Beth Hammack, a 2026 FOMC voter, speaks at 00:10 Beijing time the following day.
TREE NEWS update: Inner Mongolia issued a 15-year special-purpose local government bond of 349.02 million yuan at a yield of 2.0800%, with a marginal bid-to-cover of 35.48 times against an expected 2.05 times. The region also issued a 10-year general bond of 4.2856 billion yuan at 1.7300% and a 15-year ordinary special bond of 548.36 million yuan at 2.0700%.
TREE NEWS update: China Evergrande and CEG Holdings have signed an exclusivity agreement with a selected bidder for a potential deal involving Evergrande Property Services, with talks running to October 27, 2026. Market reports named PAG as the buyer negotiating final terms for a majority stake. A PAG official declined to comment on October 11.
TREE NEWS reports: Traders say the Reserve Bank of India sold dollars in the domestic market to support the rupee. The intervention was described by traders, with no official confirmation from the central bank. No size or level for the dollar sales was given.
TREE NEWS update: A UAE official said there is an urgent need to restart joint Gulf action, adding that the Gulf region requires collective action on security and defense. The remarks, carried in a brief statement, did not specify which mechanisms would be revived or when. No further details or timelines were provided.