Flash News

TREE NEWS reports: Airfares on Chinese domestic routes fell sharply after the National Day holiday, with average ticket prices from Oct 9 to Oct 31 more than 30% below levels during the holiday period. Flights to popular cities including Hangzhou, Shenzhen, Beijing, Shanghai, Nanjing and Changchun dropped by about 200 yuan on average. Some tickets are now cheaper than high-speed rail.

TREE NEWS reports: Europe’s benchmark Stoxx 600 index widened its decline to 1%, extending losses during the session. The pan-European gauge covers large-, mid- and small-cap companies across 17 European markets. No specific catalyst for the move was given in the material.

TREE NEWS update: Iran said it will soon block what it calls “illegal” passage through the Strait of Hormuz. The statement, reported on Friday, concerns the waterway that carries a significant share of global seaborne oil. No further details on timing or the mechanism of the closure were provided.

TREE NEWS reports: Spot silver dropped below the $60-per-ounce level, falling 2.2% intraday. The move marks a break of the round-number threshold for the metal, with the decline recorded within the session.

TREE NEWS reports: China accounted for 62% of the world’s new energy passenger vehicle market in January-August 2026, rising to 65.3% in July-August, secretary-general of the China Passenger Car Association. China took 59% of the global battery electric vehicle market and 71% of the plug-in hybrid market, reaching 74% in July-August. BYD leads globally, Geely is rising fast, while Tesla has slipped to third place.

TREE NEWS reports: Shanghai recorded 76.24 billion yuan in online and offline consumption during the National Day holiday from September 30 to October 6, up 9.9% year-on-year, the city’s commerce commission said on October 7. Offline spending rose 15.1% to 40.04 billion yuan, while online spending grew 4.7% to 36.2 billion yuan. The 19 monitored municipal commercial districts drew 5.62 billion yuan in spending, up 14.5%, with average daily foot traffic of 3.964 million, up 1.9%.

TREE NEWS update: Road King Infrastructure said the Hong Kong High Court hearing to convene its offshore debt restructuring plan, originally scheduled for Oct 23, has been pushed back to Oct 26 due to a change in the court’s schedule. The company said it expects to complete the offshore debt restructuring before the end of the year.

TREE NEWS update: Iran’s president said the country is holding talks with neighboring states to meet its needs, describing the situation as a state of “all-out war” and reiterating that it will “resist” its enemies. No further details on the talks, the parties involved or the specific needs were provided.

TREE NEWS update: The Kremlin said most reports about the epidemic situation in Irkutsk are lies, and that it has notified the World Health Organization about the situation there. The statement was carried by Tass. No further details on the outbreak, the number of cases or the WHO’s response were given.

TREE NEWS update: Guangdong Wannianqing Pharmaceutical Co., Ltd. said online claims that its chairman Ou Xiantao was the passenger involved in a September 28 cabin altercation on China Eastern flight MU6741 are false. The company stated that Ou Xiantao and other employees never boarded that flight, calling the rumor malicious fabrication with no factual basis that harms the chairman’s reputation and the company’s commercial credibility.

TREE NEWS update: France and Germany submitted an informal paper to the European Commission on October 5 urging the EU to strengthen trade defense measures and add new protectionist tools. China said it will respond resolutely and defend the lawful rights of Chinese industry if the EU introduces discriminatory measures. The statement did not specify which measures or sectors are targeted.

TREE NEWS update: Iran’s military said it will carry out preemptive strikes if necessary. The statement did not specify a target, timing or the conditions that would trigger such action. No further operational details were given in the announcement.

TREE NEWS update: Japan’s Fair Trade Commission conducted on-site inspections of Asahi Breweries, Kirin Brewery, Sapporo Breweries and Suntory on the 7th over suspected violations of the Antimonopoly Act. The four major brewers are alleged to have coordinated in advance on the timing and size of beer price hikes, forming a price cartel. Officials from the companies are suspected of meeting privately after industry organization gatherings to discuss raising prices on beer and happoshu.

TREE NEWS reports: Palestine’s Ministry of Education and Higher Education said in a report released on the 7th that Israeli military operations have killed more than 20,000 students and school staff across the Palestinian education system in the three years since the latest round of the Israel-Palestinian conflict began on October 7, 2023.

TREE NEWS reports: Bank of America’s Savita Subramanian said US Treasuries are offering genuine competition to equities for the first time in decades, with the 10-year note’s risk-reward above 5%. Her team’s own valuation framework suggests the S&P 500 may not match that return over the next 10 years. Subramanian, BofA’s head of US equity and quantitative strategy, also warned that elevated investor sentiment leaves stocks more at risk of disappointment than of further gains.

TREE NEWS update: The 2026 Nobel Prize in Chemistry has been awarded to Kagan and Kenso Soai. The two researchers share the prize, announced as this year’s chemistry laureates. No further details of the citation were provided.

TREE NEWS reports: The US 30-year Treasury yield climbed 5 basis points to 5.70%, extending its run to the highest level since 2002. The move marks a fresh multi-decade peak for the long bond as selling pressure on long-dated US government debt continued.

TREE NEWS reports: South Africa’s main stock index dropped 2% to 106,690.20 points. The decline marks a sharp single-session move for the benchmark gauge, which tracks the country’s largest listed companies. No further details on the drivers or individual constituent moves were provided.

TREE NEWS update: European Central Bank Governing Council member Primoz Dolenc said the current monetary policy stance gives policymakers room to respond to shocks. He said the present rate level ensures sufficient flexibility to adapt to changing conditions, with future action still dependent on inflation expectations and related risks. Geostrategic risks and high energy prices remain important sources of uncertainty, reflected in persistent inflation pressure.

TREE NEWS reports: The euro slid to its weakest level against sterling since June 2025 as France’s deepening fiscal crisis and fresh European political risks weighed on the currency. EUR/GBP fell as much as 0.4% to 0.8449, breaking below its July 2026 low. Earlier this week the euro also touched a 17-month low against the dollar and underperformed most G-10 currencies, with investors rattled by missed deficit targets, policy gridlock and next year’s French presidential election.