Flash News

TREE NEWS reports: Goldman Sachs forecasts a modest increase in Venezuela’s crude output, but says production is unlikely to return to pre-2018 levels of over 2 million barrels per day in the coming years. The bank cites costly and time-consuming fixes for key bottlenecks, including aging infrastructure and an unstable power grid.

TREE NEWS reports: Vietnam’s manufacturing PMI rose to 53.3 in August from 52.9 in July, indicating continued expansion in the sector. The reading above 50 signals growth in manufacturing activity.

TREE NEWS reports: Japan’s final services PMI for August came in at 52.5, up from the flash estimate of 52.3, indicating sustained expansion in the sector. The reading, released today, marks the 28th consecutive month of growth, driven by solid domestic demand and tourism.

TREE NEWS update: China’s CDC issued its 2026-2027 influenza vaccination technical guide, recommending that all individuals aged 6 months and above without contraindications receive the flu vaccine. The guide details available trivalent vaccines, including inactivated and live attenuated forms, with specific age indications. The recommendation aims to reduce influenza burden across the population.

TREE NEWS update: Typhoon Shadel (18th of the year) made its third landfall near Gulei, Zhangpu County, Zhangzhou, Fujian, at about 6:30 a.m. on Sept. 3. In response, Zhangpu, Zhao’an, and Dongshan counties have initiated a ‘three stops and one suspension’ (stop work, production, classes, and markets). Additionally, all schools and training institutions in Fuzhou and Quanzhou have suspended classes. Ferry services in Xiamen, including the Xiamen-Jinmen and Quanzhou-Jinmen routes, have been halted from Sept. 3.

TREE NEWS reports: Argon prices in China have jumped over 240% since early May, reaching 2,459 yuan/ton as of September 2, up from 720 yuan/ton. The rally accelerated in July-August, with sharp daily increases in some regions. Listed firms such as Chendian International, Qiaoyuan, Hangyang, Zhichun and Jinhong Gas have argon-related businesses.

TREE NEWS reports: Japan’s Nikkei 225 index opened 0.5% higher, while South Korea’s KOSPI composite index opened 1.3% higher, signaling a positive start for Asian markets. The moves come as investors monitor regional economic data and global cues.

TREE NEWS reports: China is preparing to issue or is currently issuing local government bonds. The move is part of Beijing’s fiscal strategy to support infrastructure and stabilize economic growth. Details on the scale and timing of the bond sales remain scarce, but market participants are closely watching for signals on the country’s fiscal stimulus.

TREE NEWS update: China is preparing to issue or is currently issuing government bonds and policy financial bonds. The specific amounts and dates have not been disclosed. This move is part of Beijing’s ongoing efforts to manage its fiscal and monetary policy.

TREE NEWS update: Iran’s Supreme National Security Council Secretary Ali Rezaei said on September 2 that Iran has formulated new strategies in military, diplomatic, and economic blockade response, aiming to ‘destroy the enemy’s foundations.’ The statement underscores Tehran’s assertive posture amid ongoing tensions.

TREE NEWS reports: Japan’s 30-year government bond yield declined by 7 basis points to 4.095% on the day. The move reflects ongoing demand for long-dated JGBs amid market conditions.

TREE NEWS reports: Foreign investors turned net buyers of Japanese bonds in the week ended August 28, purchasing ¥509.1 billion, reversing from net selling of ¥435.2 billion in the prior week. The data, released by Japan’s Ministry of Finance, marks a significant shift in cross-border capital flows into Japanese fixed-income markets.

TREE NEWS update: Several Chinese mutual fund managers, including Ping An Fund, Southern Fund, Huatai Baoxing Fund and China Gold Fortune Fund, have delayed subscription deadlines for new products, extending their market entry cycles. The move comes amid market volatility and concentrated profit-taking, prompting funds to await a more suitable positioning window.

TREE NEWS update: President Donald Trump said cooperation with Venezuela has been very good, highlighting a positive relationship between the two countries. The statement, made without further details, signals a potential shift in bilateral ties.

TREE NEWS update: President Trump said the US is making very good progress on Iran and now controls the Strait of Hormuz. The statement, made without providing details, signals heightened US military presence in the strategic waterway. No further specifics were given.

TREE NEWS reports: US ADP private payrolls rose by 38,000 in August, the lowest since January and below expectations, cooling bets on a September rate hike. Fed’s New York chief said inflation trends slowly downward as tariff effects fade. Oil price gains paused, easing inflation worries, helping US stocks end a three-day losing streak; Dell surged 16%.

TREE NEWS update: The White House announced that President Trump signed the temporary appropriations bill into law today, averting a government shutdown. The legislation provides short-term funding to keep federal operations running.

TREE NEWS reports: Chinese economists expect the August CPI to rise 0.7-0.9% year-on-year, maintaining moderate inflation, while PPI gains may ease. Zhu Keli of Guoyan New Economy Research Institute forecasts CPI at 0.7%, citing pork price stabilization, fresh vegetable gains, and resilient services spending. Sun Binbin of Caitong Securities sees 0.9%, noting weak consumer demand may limit upside.

TREE NEWS reports: Sci-tech investment is becoming a key earnings driver for Chinese brokerages, as they deepen布局 through alternative and private equity subsidiaries. Half-year data shows 36 of 43 A-share listed brokers’ alternative units and 34 private equity units turned profitable.

TREE NEWS reports: China’s 55 top-tier private securities funds held stakes in 264 listed A-share companies as of Q2 end, with a combined market value of 91.351 billion yuan. They newly entered 134 stocks, increased positions in 29, and trimmed only 25, favoring tech manufacturing while rebalancing existing holdings.