Flash News

TREE NEWS update: Liaoning province issued two tranches of 30-year special local government bonds. The first, a 11.23467 billion yuan other-special bond, priced at a 2.2500% yield with a bid-to-cover marginal ratio of 1.27 times against an expected 2.27. A second 7.96533 billion yuan general-special bond priced at 2.2600%, with a marginal ratio of 69.30 times against the same 2.27 expected.

TREE NEWS reports: Combined turnover across the Shanghai, Shenzhen and Beijing stock exchanges exceeded 1.8 trillion yuan. The figure was 211.4 billion yuan higher than the same time on the previous trading day. The data covers aggregate trading value across the three bourses.

TREE NEWS reports: HTX DeepThink author and HTX Research analyst Chloe said the core tension in global risk assets has shifted from whether the Fed hikes in October to how long US rates stay high, Japan’s monetary normalization and a potential exit of leveraged capital. St. Louis Fed President Musalem said further tightening may still be needed over the next six to nine months. BTC fell below $83,000 as high rates cut allocation appetite.

TREE NEWS update: China Railway Group said the 16-day Mid-Autumn and National Day holiday transport period, running Sept. 23 to Oct. 8, ended with 302 million passenger trips nationwide, up 24.6% year-on-year. State railway freight volume reached 192 million tonnes over the same period, up 5% year-on-year.

TREE NEWS reports: China’s A-share real estate sector saw localized movement, with Zhongjiao Development surging straight to its daily limit-up. Shenzhen Property A, Urban Construction Development, Shahe Industrial, Zhangjiang Hi-Tech and Rongan Property were among the names that followed higher.

TREE NEWS update: SoftBank Group said it will redeem euro-denominated senior notes issued in 2021 ahead of their maturity date. The Japanese conglomerate did not disclose the size of the redemption or the notes’ coupon in the announcement. The early repayment covers the full outstanding euro-denominated senior note issuance from 2021.

TREE NEWS reports: Japan’s Nikkei 225 closed 0.02% lower at 69,030.92, while the broader Topix index rose 0.3% to 4,104.81. The two Tokyo benchmarks moved in opposite directions, with the blue-chip Nikkei ending essentially flat and the Topix posting a modest gain.

TREE NEWS reports: The 10-year US Treasury yield rose 54 basis points in September, from 4.75% to 5.29%, with real yields up 49bps while implied inflation compensation added just 5bps. QuantStreet Capital founder Harry Mamaysky argues in his monthly letter that markets may be repricing stronger growth and the capital demands of Big Tech’s AI infrastructure buildout, noting the semiconductor ETF gained about 9.4% while the equal-weight S&P 500 fell roughly 4.8%.

TREE NEWS reports: Broad-based ETFs in China staged an afternoon rebound, with several tech-focused funds erasing earlier losses of more than 3%. Huaxia’s STAR 50 ETF (588000) and E Fund’s ChiNext ETF (159915) turned positive, alongside Huaxia’s SSE 50 ETF (510050), Huaan’s ChiNext 50 ETF (159949) and GF Fund’s ChiNext ETF (159952).

TREE NEWS reports: All three major A-share indices turned positive, with the STAR 50 index’s decline narrowing to 0.06%. Nearly 3,000 stocks across the Shanghai, Shenzhen and Beijing exchanges advanced.

TREE NEWS reports: The main ethylene glycol futures contract extended its intraday decline to 6%. The move marks a sharp single-session drop for the contract, which trades on Chinese commodity exchanges. No further details were immediately available.

TREE NEWS update: Zhengzhou’s urban-rural construction bureau has approved nine urban renewal projects for inclusion in its project database, with a combined total investment of nearly 4 billion yuan ($550 million). The projects span six districts and zones, including two each in the Economic and Technological Development Zone, Zhengdong New District and Erqi District. The proposed list is now open for public notice.

TREE NEWS reports: SK Group Chairman Chey Tae-won said chip demand is expected to continue growing rapidly. The remark points to sustained pressure on semiconductor supply as demand outpaces available capacity. No figures or timeframe were given.

TREE NEWS reports: Spot gold broke through the $4,200 per ounce level on October 9, trading at $4,200.44 for a gain of 1.61% intraday. The move marks a fresh round-number threshold for the metal.

TREE NEWS reports: Spot silver climbed 2.00% on the day to trade at $60.36 an ounce. The move extends the metal’s advance, with the intraday gain putting the price at that level at the time of the reading.

TREE NEWS update: The White House outlined a $215 million quantum computing competition and $2.4 billion in AI industry commitments as part of a $6 billion science push. The initiatives come as concerns grow over quantum threats to cryptocurrency security.

TREE NEWS update: Indonesian President Prabowo Subianto on the 8th inaugurated 11 Chinese-funded mining downstream projects at the Weda Bay Industrial Park in Central Halmahera, North Maluku. The projects carry a combined investment of about $10.2 billion and cover power batteries, nickel-cobalt materials, electrolytic aluminum, and new-energy construction machinery and commercial vehicle manufacturing.

TREE NEWS update: Chinese Vice Minister of Commerce and Deputy International Trade Representative Ling Ji met with European Commission Director-General for Trade and Economic Security Sabine Weyand on the morning of October 9, continuing consultations on agenda items for the second regular meeting of the China-EU trade and investment consultation mechanism. No further details of the talks were disclosed.

TREE NEWS update: Russian President Vladimir Putin met Iranian President Masoud Pezeshkian on the evening of the 8th in Turkmenbashi, Turkmenistan, to discuss bilateral ties and the situation in the Middle East. Putin said Russia is ready to do its utmost to help Iran advance conflict resolution. He said relations are developing positively under the 20-year comprehensive strategic partnership treaty the two countries signed early last year, with trade growing and cultural exchanges active.

TREE NEWS update: The UK has advised against all but essential travel to Saudi Arabia’s Riyadh, Asir, Najran and Jizan provinces, plus Taif city and Taif International Airport. It maintained its existing advice against all travel to any location within 10 km of the border with Yemen.