TREE NEWS update: A Hong Kong court has adjourned the hearing of the winding-up petition against Chinese developer Agile Group to December 7. The petition was filed in the Hong Kong court, and the hearing has now been pushed back to that date.
TREE NEWS reports: Indonesia’s benchmark stock index dropped 1% on the day. No further details on the drivers of the move or the specific index level were provided.
TREE NEWS reports: India’s 10-year government bond yield rose 5 basis points to 7.35%. The move marks a fresh uptick in the benchmark sovereign yield.
TREE NEWS reports: IMF Managing Director Kristalina Georgieva said AI is expected to augment, downgrade or eliminate 40% of jobs over time, adding that some effects are already visible in advanced economies. She said the biggest concern is the impact on young people entering the labor market in routine and repetitive roles.
TREE NEWS update: World Bank President Ajay Banga said small-scale artificial intelligence presents enormous opportunities for middle-income and lower-middle-income countries. Banga made the remark in a statement on the World Bank’s view of AI’s development potential. He did not announce any new program, funding figure or timeline.
TREE NEWS reports: The Indian rupee climbed 1% against the US dollar after India’s central bank took steps to support the exchange rate. The move marks a sharp rebound for the currency following central bank intervention. No further details on the specific measures were provided.
TREE NEWS reports: The Shanghai Composite closed the morning session at 3,809.08, down 0.12%. The Shenzhen Component fell 1.03% to 12,512.10 and the ChiNext Index dropped 1.27% to 3,004.81. The CSI 300 slipped 0.15% to 4,310.86, while the CSI 500 and CSI 1000 lost 1.36% and 1.16% respectively.
TREE NEWS reports: IMF Managing Director Kristalina Georgieva said the first wave of impact from artificial intelligence has already arrived, describing it as both a demand shock and an investment shock. The United States, China and India are the most important AI producers, and related investment is helping hold global economic growth at around 3%, she said. AI could add 0.5 to 1 percentage point to Asia’s economic growth.
TREE NEWS update: Hebei province issued 24.568 billion yuan ($3.4 billion) of 10-year special-purpose local government bonds at a coupon of 1.73%, with a bid-to-cover marginal multiple of 9.67x against an expected 1.71x. It also sold 4.0 billion yuan of 30-year special-purpose bonds at 2.23%, with a marginal multiple of 7.26x versus an expected 2.23x.
TREE NEWS reports: Honda’s China vehicle sales totaled 25,564 units in September, down 53.1% year-on-year, the automaker’s China unit said. The figure marks a sharp contraction for the Japanese brand in the world’s largest auto market.
TREE NEWS reports: Very large crude carrier (VLCC) freight rates have surged to their highest level in 60 years after US and Israeli military strikes on Iran reshaped Middle East crude trade flows, compounded by a severe shortage of vessels. ING said shipping a barrel of crude from Saudi Arabia to the Netherlands in September cost about $35 per barrel in freight terms, more than a third of the crude price, versus a 2025 average of just $2 on the same route. Rates remained elevated in October.
TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.2960%, up 0.27 basis point. The 7-day SHIBOR came in at 1.3460%, up 1.50 basis points, while the 3-month SHIBOR was unchanged at 1.4300%.
TREE NEWS reports: Researchers in Panama have recorded more than 200 aftershocks since a magnitude 7.5 earthquake struck the country’s central region on the 9th. Néstor Luque, head of the University of Panama’s Institute of Earth Sciences, said on the 11th that further aftershocks are expected, though their strength is steadily weakening and the intervals between them are growing longer.
TREE NEWS update: Huawei Group spent a record 121.4 billion yuan on research and development in the first half of 2026, with R&D intensity at 25.9% of revenue, up 25.2% year on year, Huawei Terminal BG CTO Li Xiaolong said at the company’s terminal innovation technology briefing. Li, who also heads hardware engineering and product development management at Huawei’s terminal unit, announced the figure as a same-period high for the group.
TREE NEWS reports: Bank of America strategist Michael Hartnett argues in his latest Flow Show that the most bullish event for risk assets before year-end would be a Fed rate hike on Oct. 28, as it would cap runaway long-end Treasury yields. Global central banks have delivered 54 rate hikes in 2026, their first net tightening since September 2023. Cash funds drew $166.4 billion in the week to Wednesday, the largest inflow since April 2020.
TREE NEWS reports: Shanghai Metals Market (SMM) data showed the MMLC battery-grade lithium carbonate morning mid-price at 114,600 yuan per tonne on Thursday, down 5,650 yuan per tonne from the previous day’s 16:30 level. The decline marks a lower opening reference for the battery material used in EV and energy-storage cells.
TREE NEWS update: China’s Ministry of Foreign Affairs announced countermeasures against Belize’s Minister of Foreign Affairs, Foreign Trade, Education, Culture, Science and Technology, Fonseca. The ministry did not specify the measures imposed or the reasons behind the decision. Belize is one of the few countries that maintains diplomatic ties with Taiwan.
TREE NEWS update: Tibet issued 8 billion yuan ($1.1bn) of local government bonds in four tranches, including a 10-year general bond of 400 million yuan at a 1.73% coupon, a 7-year special bond of 70 million yuan at 1.56%, a 15-year special bond of 230 million yuan at 2.05% and a 20-year general special bond of 100 million yuan at 2.22%. Bid-to-cover ratios ranged from 1.50 to 3.00 times.
TREE NEWS update: China’s Foreign Ministry announced countermeasures against Paraguay’s Minister of Information and Communication Technologies, Gustavo Villate, in a retaliatory move. The ministry did not specify the measures in the announcement. The action marks an escalation in Beijing’s response to Paraguay’s diplomatic alignment with Taiwan.
TREE NEWS update: China’s Supreme People’s Court, the People’s Bank of China, the National Financial Regulatory Administration and the China Securities Regulatory Commission jointly released six model cases on protecting the rights of financial consumers and investors. The cases span financial lending, fund wealth management, digital finance, life insurance and securities investment, focusing on standard-form clauses, fair dealing, suitability obligations, rights remedies and diversified dispute resolution.