Flash News

TREE NEWS reports: The London Metal Exchange reported declines across most base metals inventories. Copper stocks fell 2,200 tonnes, nickel dropped 1,314 tonnes, zinc declined 575 tonnes, lead decreased 750 tonnes and tin slipped 45 tonnes. Aluminium inventories were unchanged.

TREE NEWS reports: Apple has told some suppliers to cut component output for the newly launched iPhone 18 Pro and iPhone 18 Pro Max, after surging memory chip costs forced higher prices and weaker consumer demand, media reports said on October 9. Supply chain sources said the same day that total order volumes have not materially changed, with most iPhone 18 Pro Max configurations still showing estimated delivery times of three to four weeks on Apple’s website.

TREE NEWS reports: Evonik Industries shares rose 1.9% on a report that BASF may raise its takeover offer for the company. The move follows speculation of a higher bid for the German specialty chemicals maker. No further terms or timeline were disclosed.

TREE NEWS update: India has withdrawn tax exemptions on gold, silver and platinum imports by banks and government-designated agencies, imposing a 3% levy on the affected shipments. The move raises costs for the main channels that supply one of the world’s largest precious-metals markets. The change applies to imports handled by banks and designated agencies.

TREE NEWS reports: China’s Ministry of Finance said it will continue implementing its debt-resolution policy package and accelerate the clearing of existing hidden local-government debt, in its report on fiscal policy implementation for the first half of 2026. The ministry pledged to guard against fake debt resolution and new hidden borrowing, and to push forward the exit and restructuring of local government financing vehicles. It also said it would support grassroots fiscal operations and help clear overdue payments owed to enterprises.

TREE NEWS update: China’s Ministry of Finance said it will plan and roll out pragmatic new policy measures in a timely manner based on macroeconomic conditions, according to its report on fiscal policy implementation in the first half of 2026. The ministry said it will run a more proactive fiscal policy, step up counter-cyclical adjustment, and expand domestic demand to support the economy.

TREE NEWS update: China’s Ministry of Finance has arranged to use 550 billion yuan of remaining local government debt quota, the ministry said. The funds are intended to strengthen general public budget capacity at the county and district level and support expanded effective local investment. The quota has been issued to local governments.

TREE NEWS update: China’s Ministry of Finance released its report on the implementation of fiscal policy for the first half of 2026, pledging support for the “Two Major” construction and “Two New” programs and for improving their implementation mechanisms. The ministry said it will coordinate the use of ultra-long special treasury bonds, local government special bonds and central budget investment, focusing more on new quality productive forces and new urbanization and supporting major projects set out in the 15th Five-Year Plan.

TREE NEWS update: China’s Foreign Ministry said on October 9 that reports of US-China discussions about reciprocal visits to nuclear-related facilities do not match the facts. Spokesperson Mao Ning rejected the claim at a regular press briefing after AFP asked about a CNN report saying officials had discussed the possibility of visiting US Energy Department national laboratories and comparable Chinese sites.

TREE NEWS update: China’s Foreign Ministry on October 9 rejected US claims that seven internet domains tied to Chinese hackers were seized over attempted intrusions into critical infrastructure. Spokesperson Mao Ning said Beijing opposes hacking and the spread of disinformation for political ends, adding that cybersecurity is a shared concern of both countries. She urged Washington to drop double standards and resolve the issue through equal dialogue.

TREE NEWS reports: China’s treasury bond futures closed higher across all tenors, with the 30-year main contract up 0.32%, the 10-year up 0.09%, the 5-year up 0.08% and the 2-year up 0.02%. The across-the-board gains came at the close of trading.

TREE NEWS update: Botswana President Duma Gideon Boko will pay a state visit to China from October 12 to 17 at the invitation of Chinese President Xi Jinping, China’s Foreign Ministry announced. The ministry’s spokesperson said the visit will take place over six days.

TREE NEWS reports: European equities opened higher on the day, with the Europe Stoxx index up 0.5% at the open. The UK’s FTSE 100 rose 0.82% and France’s CAC 40 gained 0.69%. The moves mark a broadly positive start to the session across the region’s major benchmarks.

TREE NEWS reports: China’s three main A-share indices closed marginally higher on a day of intraday recovery, with the Shanghai Composite up 0.05%, the Shenzhen Component up 0.17% and the ChiNext up 0.22%. Film and media stocks surged in the afternoon, with Chinese Online, Mango Excellent Media, Jilin TV Media and Shanghai Film hitting the daily limit. Combined turnover on the Shanghai, Shenzhen and Beijing exchanges exceeded 1.91 trillion yuan, and more than 3,200 stocks advanced.

TREE NEWS reports: Trader Ansem said the current Bitcoin pullback is a potential opportunity to add to high-conviction positions. BTC recently tested its year-to-date open near $87,500 before falling back to around $81,700, with $75,000 the key level to watch below; reclaiming $87,500 would further strengthen the bullish case. He named interest rates and geopolitical tensions as the biggest macro risks and said he prefers gradual accumulation as long as market structure holds.

TREE NEWS reports: China recorded 826 million domestic tourist trips during the seven-day National Day holiday, with total domestic tourism spending of 738.375 billion yuan, according to calculations by the Ministry of Culture and Tourism’s data center. On a comparable daily-average basis, trips rose 6.3% and spending 4.3% from the same holiday in 2025.

TREE NEWS reports: Chinese commodity futures closed mixed, with methanol’s main contract rising more than 7%, coking coal up over 4%, LPG nearly 4% higher, and polypropylene and plastics each gaining over 3%. On the downside, the container shipping Europe route fell more than 5%, while Shanghai tin and ethylene glycol dropped over 4% and lithium carbonate declined more than 3%.

TREE NEWS update: China’s National Climate Center said a super El Niño event formally formed in September 2026. The center expects equatorial central and eastern Pacific sea surface temperatures to keep rising over the next three months, peaking in late autumn or early winter. It said the event will be the strongest El Niño since systematic monitoring began.

TREE NEWS reports: The main container shipping index contract for the Europe route fell more than 5.00% during intraday trading. The decline reflects the latest move in the freight futures market.

TREE NEWS reports: The main synthetic rubber futures contract on the Shanghai Futures Exchange rose more than 3% to 16,965 yuan per ton. The move marks a sharp single-session gain for the contract on the Shanghai exchange.