Flash News

TREE NEWS reports: China’s foreign exchange reserves stood at $3.40025 trillion at the end of September, down from $3.43833 trillion the previous month, official data showed. The month-on-month decline of about $38.1 billion marks a pullback in the country’s holdings of foreign currency assets.

TREE NEWS reports: Taiwan memory maker Nanya Technology has begun notifying clients of another round of DRAM contract price increases, with hikes of up to 20%. The company declined to comment on customer pricing. Industry figures expect the higher contract prices to feed through to the market, lifting Nanya’s average selling price and improving profitability.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened down 0.45%, while the Hang Seng Tech Index fell 0.33% at the open. The lower start for both benchmarks came at the start of the trading session.

TREE NEWS reports: China Railway is expected to carry 24.15 million passengers on Wednesday, the final day of the National Day and Mid-Autumn Festival holiday. Return-trip traffic rose noticeably from the previous day, with more than 250 million passenger trips made since holiday transport began on September 23. An additional 2,449 trains are scheduled to run to handle the peak.

TREE NEWS update: Two missiles fired by Yemen’s Houthi movement struck Aden International Airport, causing no casualties, foreign media reported on the 7th. No damage assessment or further operational details were immediately available. The strike marks an attack on the airport serving Yemen’s interim capital.

TREE NEWS reports: Japan’s TOPIX index closed above its previous record high, setting a new all-time closing level. The broad-market gauge of Tokyo-listed shares surpassed the prior peak, marking a fresh milestone for Japanese equities. No further details on the closing level or the drivers of the move were provided.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.14% lower, while South Korea’s Kospi Composite opened down 1.1%. The two Asian benchmarks started the session in negative territory, with the Korean index posting the steeper opening decline.

TREE NEWS reports: Japan’s labor cash earnings rose 3.8% year-on-year in August, beating expectations of 3.7% but slowing from a revised 4.7% in the prior month. The August reading marks a deceleration in wage growth for the country.

TREE NEWS update: US Vice President JD Vance said he has not given much thought to running in the 2028 presidential election. His remarks leave open the question of his plans for the next election cycle.

TREE NEWS update: US Vice President JD Vance said Iran must end the war by giving up its uranium enrichment program. The statement, carried by Reuters, sets out the US position on the terms for ending the conflict without offering further detail on timing or the mechanism for any agreement.

TREE NEWS update: PetroChina’s Bayan oilfield in Inner Mongolia’s Hetao Basin produced 5,080 tonnes of crude oil per day, surpassing the 5,000-tonne mark for the first time and setting a record, the company said on the 7th. PetroChina said the milestone marks a new step in reserve growth and output at its Huabei oilfield’s new development zone.

TREE NEWS update: North Korean leader Kim Jong Un sent a birthday message to Russian President Vladimir Putin on October 7. Kim said he was pleased to jointly open a new chapter in DPRK-Russia relations and called building a comprehensive strategic partnership and alliance with Russia an unshakable policy and his unchanging choice. He reaffirmed his consistent support for Putin and Russia.

TREE NEWS reports: Statistics Canada said Tuesday that Canada’s goods trade surplus with the United States widened to C$11.2 billion ($7.9 billion) in August from C$6.1 billion in July, the largest single-month positive swing on record. Exports to the US rose 8.1% while imports fell 2.5%. Total exports gained 2.5% and total imports slipped 2%, lifting Canada’s global trade surplus to C$4.2 billion from C$787 million, a sixth straight monthly surplus.

TREE NEWS reports: Japan’s government is considering compiling a second supplementary budget for fiscal 2026, with the size likely to be small and focused on essential items such as disaster relief. The government aims to finalize it as early as November and seek passage during the parliamentary session convening in the new year. The budget differs in nature from past stimulus-oriented supplementary budgets and therefore does not conflict with Prime Minister Sanae Takaichi’s budget reform push.

TREE NEWS reports: SpaceX is seeking $40 billion in financing to purchase Nvidia chips, with Apollo set to lead the deal. The funding would back chip procurement for the rocket and satellite company. No further terms of the financing were disclosed.

TREE NEWS update: Dallas Fed President Logan, a 2026 FOMC voter, speaks at 07:00 Beijing time, kicking off a day of global economic events. The Federal Reserve releases minutes from its September FOMC meeting at 02:00 the following day. Other highlights include China’s September foreign exchange reserves, the World Summit AI, India’s central bank repo rate decision, German August industrial output, and the 2026 Nobel Prize in Chemistry.

TREE NEWS reports: Apollo Global Management is exploring a larger role in financing debt-laden governments and state-backed enterprises as they turn to private capital to plug budget gaps. President Jim Zelter said the firm is studying ways such entities can strengthen their balance sheets, including long-term capital and moving hard assets into subsidiaries to raise funds. Apollo is also pursuing defense-sector financing and AI infrastructure capital, capping exposure to any single industry at the mid-to-high single digits.

TREE NEWS update: Bank of Japan’s newly appointed policy board member Sato said interest rates need to be adjusted gradually, without a preset pace for hikes. Sato said the central bank must set monetary policy independently while coordinating with the government’s active fiscal policy. He added that price outlook risks are tilted slightly to the upside due to higher oil prices driven by Middle East conflict.

TREE NEWS reports: WTI crude futures opened 0.6% higher in Asia-Pacific trading on Wednesday, as investors monitored oil shipment data through the Strait of Hormuz and developments in the Middle East. No further figures were immediately available.

TREE NEWS update: Japan’s government and the Bank of Japan will release loan data to researchers. The move gives outside analysts access to lending figures compiled by the government and the central bank. No date or scope for the data release was specified.