Flash News

TREE NEWS reports: A-share printed circuit board (PCB) concept stocks fell in early trading, with Jin’an Guoji hitting the daily limit down. Huazheng Xincai, Tongfeng Electronics, Xianfeng Holding, Shengyi Technology and Dongshan Precision each dropped more than 5%. No specific catalyst for the decline was given in the market data.

TREE NEWS reports: The ChiNext Index dropped below the 3,000-point mark, hitting its lowest level since November 2015, with an intraday decline of 1.2%. The Shenzhen-based growth board’s slide marks a fresh multi-year low.

TREE NEWS reports: China’s ChiNext Index and the STAR 50 Index each dropped more than 1% on the session. The two growth-focused benchmarks, which track Shenzhen-listed startups and Shanghai-listed semiconductor and hard-tech names respectively, moved lower together. No further figures were disclosed in the material.

TREE NEWS reports: Hong Kong’s Hang Seng Index rose 1% in early trading. The benchmark opened higher, extending gains at the start of the session. No further detail on the drivers or the index level was given.

TREE NEWS reports: The CSI Convertible Bond Index opened down 0.07%, with Lianrui, Qizhong, Zhonglun, Shengde and Lanxiao-02 convertible bonds leading the declines at 1.79%, 1.77%, 0.93%, 0.88% and 0.81% respectively. Benchuan, Saite, Dongya, Zhen-26 and Tiannai convertible bonds led the gainers, rising 5.14%, 1.62%, 1.37%, 1.28% and 1.22%.

TREE NEWS reports: China’s treasury bond futures opened higher on the day, with the 30-year main contract up 0.08%, the 10-year main contract up 0.02% and the 5-year main contract up 0.02%. The 2-year main contract was flat at 0.00% at the open.

TREE NEWS reports: China’s major stock indices opened lower on the session, with the Shanghai Composite down 0.21% at 3,804.09 and the Shenzhen Component off 0.51% at 12,557.02. The ChiNext Index fell 0.50% to 3,021.33, the CSI 300 dropped 0.30% to 4,297.25 and the STAR 50 slid 1.00% to 1,441.72. The CSI 500 and CSI 1000 opened at 7,209.86 and 7,107.54, down 0.53% and 0.43% respectively.

TREE NEWS update: The People’s Bank of China conducted a 2 billion yuan 7-day reverse repo operation on Thursday, keeping the rate at 1.40%, unchanged from the previous operation. The move resulted in a net liquidity withdrawal of 604 billion yuan from the banking system for the day.

TREE NEWS reports: The People’s Bank of China set the yuan’s central parity rate at 6.7330 per US dollar, 37 pips stronger than the previous fixing of 6.7367. The onshore yuan closed the prior session at 6.7014, while the overnight session ended at 6.7036.

TREE NEWS reports: Shanghai-traded commodity futures opened mixed on the Dalian and Shanghai exchanges, with tin (Shanghai tin) falling nearly 5% and lithium carbonate down more than 3%. Ethylene glycol and Shanghai lead each dropped over 2%, while Shanghai zinc, international copper and aluminum alloy slipped nearly 2%. Methanol led gains, rising more than 7%, with LPG up nearly 5% and pure benzene up over 2%.

TREE NEWS reports: FTSE China A50 index futures opened 0.31% lower, following a 0.29% decline in the previous trading day’s night session. The early drop extends the contract’s overnight weakness as the new session began.

TREE NEWS reports: Margin financing balances across the Shanghai and Shenzhen stock exchanges rose by 4.05 billion yuan as of October 8. The Shanghai exchange reported a balance of 1.298 trillion yuan, up 1.918 billion yuan from the previous trading day, while the Shenzhen exchange stood at 1.238 trillion yuan, up 2.129 billion yuan. Combined balances totaled 2.536 trillion yuan.

TREE NEWS update: Japanese Finance Minister Satsuki Katayama said a Japan-style “Department of Government Efficiency” (DOGE) plan is essential for the Takaichi cabinet to pursue a growth-oriented budget while maintaining fiscal sustainability. Katayama made the remark on the DOGE initiative, framing it as a key tool for balancing spending priorities with fiscal discipline.

TREE NEWS update: The International Monetary Fund said Friday that Bank of Japan Governor Kazuo Ueda has been invited to deliver a lecture at an IMF central bank event on Nov 6. Ueda will hold a conversation with IMF Managing Director Kristalina Georgieva after his speech. Markets are watching for clues on the BOJ’s rate path this year.

TREE NEWS update: Japan’s government said it will restart its spending review and broaden oversight of public funds and subsidies. The move expands scrutiny to how state money and subsidy programs are used. No further details on the scope or timing of the review were given.

TREE NEWS reports: Investors withdrew $2.4 billion from four Guggenheim Partners mutual funds in September, after reports that US regulators are examining CEO Mark Walter’s business dealings. Morningstar estimates $1.8 billion flowed out of the Guggenheim Total Return Bond Fund, the firm’s largest publicly traded mutual fund. The outflow equals 6.1% of that fund’s assets, which fell below $29 billion.

TREE NEWS reports: European equity futures opened higher, with Euro Stoxx 50 futures up 0.4%, Germany’s DAX futures up 0.7% and UK FTSE 100 futures up 0.8%. The moves point to a firmer start for European cash markets.

TREE NEWS reports: Japan’s Nikkei 225 index widened its intraday loss to 1%, with the decline deepening during the trading session. The move marks a further pullback in Japanese equities on the day.

TREE NEWS update: Russia’s Defense Ministry said on the 8th that its forces took control of a settlement in the Kharkiv region and are continuing combat operations to capture two more settlements there. The ministry also said a Russian drone hit a dry cargo ship at sea that was carrying supplies for Ukrainian forces as it headed to Chornomorsk port in Odesa.

TREE NEWS reports: CITIC Securities said secondary-home transactions jumped 57% year-on-year during the 2026 National Day holiday, roughly flat versus the same period in 2024. Over a longer window including the Mid-Autumn and National Day holidays, 2026 secondary-home sales were noticeably more active than in both 2024 and 2025. The brokerage expects the market to stay active and Q4 2026 to outperform the same period in 2024.