Flash News

TREE NEWS reports: Vietnam’s trade balance for August showed a deficit of $113 million, improving sharply from a revised $3.587 billion deficit in the previous month. The data, released by the General Statistics Office, indicates a significant narrowing of the trade gap amid global demand fluctuations.

TREE NEWS reports: Vietnam’s August imports rose 37.9% year-on-year, down from a 41.4% increase in the previous month. The slowdown suggests moderating demand for imported goods amid global economic uncertainty.

TREE NEWS reports: China’s services sector expanded at a faster pace in August, with the RatingDog Services PMI rising to 51.4 from 50.4 in July. The reading, released on [date not specified], indicates continued growth in the services industry, staying above the 50.0 threshold that separates expansion from contraction.

TREE NEWS reports: China’s major indices rose on Thursday, with the ChiNext Index up over 1%, the Shanghai Composite adding 0.58%, and the Shenzhen Component gaining 0.78%. Leading sectors included film and short drama, tourism and hotels, precious metals, and CPO. More than 3,700 stocks across Shanghai, Shenzhen, and Beijing advanced.

TREE NEWS reports: A-share liquid cooling concept stocks remained active, with Jitai Group hitting a fourth consecutive daily limit up, while Siquan New Materials surged over 10%. Other gainers included Jindi, Xinpeng, Chaopin San and Xueren Group.

TREE NEWS reports: The Hang Seng Tech Index rose over 1% today. Lenovo Group and Li Auto each gained more than 4%, leading the advance.

TREE NEWS reports: Australia’s goods and services trade surplus came in at A$19.23 billion in July, slightly below the previous month’s A$19.29 billion. The data, released by the Australian Bureau of Statistics, reflects ongoing strength in exports relative to imports, though the modest decline suggests a slight softening in trade dynamics.

TREE NEWS reports: Australia’s exports fell 3.3% in July, reversing a 9.6% gain in the previous month. The data, released by the Australian Bureau of Statistics, signals a slowdown in trade activity. Economists will watch for the impact on the country’s GDP growth.

TREE NEWS reports: The China convertible bond index opened 0.08% higher. Leading gainers included Qiangda Convertible Bond (+30.00%), Hongtu, Lianrui, Dingtong, and Tonghe. Losers included Haoyuan, Sanjiang, Zhenyu Convertible Bond 02, Wankai, and Shenglan Convertible Bond 02.

TREE NEWS reports: China’s treasury futures opened higher on Tuesday, with the 30-year main contract up 0.04%, the 10-year up 0.02%, the 5-year up 0.02%, and the 2-year up 0.01%, reflecting mild risk-off sentiment in the bond market.

TREE NEWS reports: Shanghai Composite opened at 3952.79 points, up 0.29%, while Shenzhen Component rose 0.73% to 13711.07. ChiNext gained 0.90%, CSI 300 added 0.50%, and STAR 50 led with a 1.05% increase. CSI 500 and CSI 1000 opened up 0.62% and 0.61% respectively.

TREE NEWS update: China’s central bank conducted zero 7-day reverse repo operations today, with 103 billion yuan in reverse repos maturing, resulting in a net withdrawal of 103 billion yuan from the banking system. The move signals liquidity management amid market conditions.

TREE NEWS update: The People’s Bank of China set the yuan midpoint at 6.7807 per dollar on Thursday, up 22 pips from the previous 6.7829, marking the strongest level since Feb 8, 2023. The official closing price was 6.7219, with the overnight session ending at 6.7193.

TREE NEWS update: On the morning of September 2, Li Chenggang, China’s International Trade Representative and Vice Minister of Commerce, met with a delegation from the board of directors of the US-China Business Council. The two sides exchanged views on China-US economic and trade relations and other topics.

TREE NEWS reports: Taiwan’s benchmark TAIEX opened 0.3% higher on [date not specified], reaching 46,325.48 points. The gain reflects positive market sentiment in the region.

TREE NEWS reports: Commodity futures opened with palladium and ethylene glycol main contracts rising over 3%, methanol up nearly 3%, and crude oil and styrene up over 2%. Meanwhile, container shipping (Europe route) fell over 4%, while coke and coking coal dropped over 2%.

TREE NEWS update: China’s Agricultural Development Bank issued 70 billion yuan of 406-day bonds at a coupon of 0.0000%, with an expected rate of 1.4200%. The bid-to-cover ratio was 1.00, and the marginal ratio was 1.00. The bank also issued smaller 3-, 5-, and 10-year tranches, each 1 billion yuan, all with zero coupons and similar ratios.

TREE NEWS reports: As of September 2, margin financing balances on China’s Shanghai and Shenzhen exchanges fell by 5.464 billion yuan to 2.623074 trillion yuan. The Shanghai exchange saw a decrease of 1.752 billion yuan to 1.345009 trillion yuan, while the Shenzhen exchange dropped by 3.712 billion yuan to 1.278065 trillion yuan.

TREE NEWS update: Chinese Vice Premier Ding Xuexiang met with Russian President Vladimir Putin in Vladivostok on Sept. 2 evening. Ding emphasized deepening bilateral cooperation in investment and energy, and strengthening the Northeast-China and Far-East Russia regional linkage to boost win-win outcomes.

TREE NEWS update: The United States Mint has officially launched a $1 coin bearing the likeness of President Donald Trump. The coin is now available for purchase, marking a notable addition to the nation’s currency lineup.