Flash News

TREE NEWS update: Toyota is postponing the launch of its US-made electric Highlander SUV from the second half of 2026 to 2027 or later. The automaker cited the need to adjust production plans amid market conditions. The delay affects its Kentucky plant, which is set to produce the EV.

TREE NEWS update: Typhoon Shadel made its third landfall in Zhangzhou, Fujian, with maximum winds of force 9 near its center. The typhoon had previously weakened but re-intensified before hitting the coast.

TREE NEWS reports: On September 2, the yuan weakened slightly against the dollar, but has risen overall this year. Experts attribute the strength to dollar correction, robust exports, corporate FX settlement, and improved expectations. They expect the yuan to remain moderately strong with two-way fluctuations.

TREE NEWS update: China’s housing ministry, central bank, financial regulator and securities regulator jointly unveiled a policy package to accelerate a new development model for real estate. Field checks in Beijing, Shenzhen, Guangzhou and Wuhan show signs of improvement in both new and existing home markets, fueling expectations for the ‘golden September and silver October’ season.

TREE NEWS update: China’s State Administration of Foreign Exchange (SAFE) has approved a new batch of Qualified Domestic Institutional Investor (QDII) quotas, totaling $6.84 billion across various institutions. Among them, 12 bank wealth management companies received a combined $940 million, boosting their overseas investment capacity. Notably, Bank of China Wealth Management’s cumulative quota reached $3.27 billion, while ICBC Wealth Management and CCB Wealth Management hold $2.95 billion and $710 million respectively. Several firms plan to allocate these funds to new products.

TREE NEWS reports: At the 14th China Semiconductor Equipment Materials and Core Parts Expo (CSEAC 2026) CEO forum in Wuxi, industry leaders said domestic semiconductor equipment, materials, and components are rapidly gaining market share, pushing the industry into a 2.0 stage. They projected global 12-inch silicon wafer demand will grow at a 9% CAGR from 2026 to 2030, with China’s market expanding 15% annually. Lean manufacturing was highlighted as key to high-quality development.

TREE NEWS update: Today’s key events include August PMI final readings for Japan, China, Eurozone, UK, and US, plus Eurozone PPI. US weekly jobless claims, trade balance, and Q2 productivity are due at 20:30. Fed’s Waller speaks on inflation, and Tesla holds its Cybercab event. Central bank officials from Australia, UK, and US also speak.

TREE NEWS update: The White House announced that U.S. Vice President JD Vance will hold a press conference on Thursday at 1:00 p.m. ET (Friday 1:00 a.m. Beijing time). The announcement was made without further details on topics or agenda.

TREE NEWS update: Beijing’s secondary housing market showed signs of recovery in late August, with weekly transaction volumes and other indicators improving. New policies announced in early August, including reduced social security or tax payment requirements for non-Beijing families buying homes within the Fifth Ring Road, have boosted market activity.

TREE NEWS reports: China’s social security and insurance funds have increased their holdings in ‘hard tech’ stocks, with the market value share rising from 7.62% to 12.62% and from 2.89% to 5.02% respectively since Q1. Policy guidance and allocation demand are driving long-term capital toward tech innovation, with both primary and secondary market positions expanding.

TREE NEWS reports: US envoy Steve Witkoff met with UAE officials last week to discuss Iran. The meeting underscores ongoing diplomatic efforts on the Iran file in the region. No further details were disclosed.

TREE NEWS reports: Japan is set to see 4,923 food items raise prices in September, about triple the year-ago level and the first time monthly hikes surpass 4,000 since April 2025, a survey of 195 major food makers shows. Economists attribute the accelerating inflation to high oil prices and a weak yen.

TREE NEWS update: A US federal judge has blocked the Trump administration’s latest executive order restricting birthright citizenship, dealing a setback to the policy. The ruling halts implementation of the measure, which sought to limit automatic citizenship for children born in the US to non-citizen parents. The judge’s decision marks a legal challenge to the executive action.

TREE NEWS update: EU foreign policy chief Kaja Kallas said on Thursday that Israel’s E1 settlement project would undermine the two-state solution, calling it a ‘wedge’ in the West Bank. Speaking after an informal meeting of EU foreign ministers, she also noted rising settler violence against Palestinians, often going unpunished.

TREE NEWS reports: Nearly half of S&P/ASX 200 companies reported profit surprises, with beats outpacing misses by 1.5 times, Bloomberg data shows. The strong results pushed the benchmark index to a record high in early August before gains narrowed, closing the month up 1.1%. MST Financial’s Hasan Tevfik remains optimistic, expecting earnings to continue beating expectations.

TREE NEWS reports: FTSE China A50 index futures rose 0.14% in continuous overnight trading, settling at 14,587 points. The modest gain reflects steady sentiment in Chinese equity markets.

TREE NEWS reports: The offshore yuan (CNH) strengthened 41 points against the dollar to 6.7180 in New York trading on Wednesday (Sept 2), within an intraday range of 6.7267-6.7161. On daily charts, the yuan has been trading in a tight high range since Aug 20, reaching 6.7128 on Aug 24.

TREE NEWS reports: RBC Capital Markets strategists said the Treasury’s expanded buyback plan still has a ‘positive effect’ on long-dated debt, even though 30-year yields have returned to levels seen before the announcement. In a Wednesday note, they noted long-end yields largely rose with oil prices, while long-end swap spreads have held gains since the plan was unveiled, so the program is ‘not entirely wasted.’

TREE NEWS reports: Spot gold rose 1.39% to $4,389.36/oz at New York close Wednesday, approaching $4,400 after a W-shaped session that bottomed around 20:00 Beijing time. Silver gained 1.97% to $65.3440/oz. The Philadelphia Gold and Silver Index jumped 3% to 403.57, and the NYSE Arca Gold Miners Index added 1.91% to 2,794.88. State Street’s metals and mining ETF rose 3.23%.

TREE NEWS reports: MSCI’s emerging markets equity index dropped 1.55%, while its foreign exchange index was roughly unchanged. The decline reflects broad selling in developing-nation stocks amid global market pressures.