Flash News

TREE NEWS reports: Bank of America chief investment strategist Michael Hartnett warned that current market structure closely mirrors the six months before the March 2000 dot-com peak, when tech gained over 40% while consumer staples fell 30% and every sector outside tech and telecom declined. He said 400 S&P 500 constituents have fallen below their 50-day moving average and 300 below their 200-day, with gains concentrated in AI-linked Mag7 names, and told clients to start adding bonds, calling it ‘buy humiliation’ with the 10-year Treasury yield at 5.33%.

TREE NEWS update: ICBC’s Guangdong branch received more than 100 mortgage applications meeting interest-subsidy criteria in the first three days of China’s National Day holiday, with loan amounts exceeding RMB 100 million, the bank said. The applications cover both new and second-hand homes. The subsidy-eligible applications mark early take-up of the mortgage interest-subsidy program in the province.

TREE NEWS update: An oil tanker was struck by an unidentified projectile in the Strait of Hormuz, the UK Maritime Trade Operations office said on the 4th. The projectile damaged the vessel’s engine room, but all crew are safe and no environmental impact has been reported so far. The notice did not give a specific time for the incident, and an investigation is under way.

TREE NEWS update: Israeli Prime Minister Benjamin Netanyahu spoke by phone on October 3 with the captain of a Dubai airline passenger jet involved in a mid-flight security incident. Captain Smit Machcher said he was struck on the back of the head and initially thought the aircraft had malfunctioned, then realized his co-pilot was attacking him. He said his vision blurred, he could barely see, and he felt the plane descending rapidly; he tried to open the cockpit door but the co-pilot shut it again. Netanyahu praised his composure under extreme pressure and invited him to visit Israel.

TREE NEWS update: Israeli Prime Minister Benjamin Netanyahu has ordered authorities to raise security levels on all flights to Israel, whether operated by Israeli or foreign airlines. A spokesperson for the Prime Minister’s Office said all pilots flying Israeli routes must have their identities and backgrounds verified and undergo corresponding security vetting.

TREE NEWS update: Dmitry Medvedev, deputy chairman of Russia’s Security Council, warned the United States on October 4 against blocking Russia’s Rassvet low-orbit satellite communications system at Ukraine’s request. In a post on his personal social media account, Medvedev said such a move would trigger an all-out space war and that US Starlink satellites would “come falling down.”

TREE NEWS reports: Cross-region passenger trips across China reached 303.568 million on October 3, 2026, the third day of the National Day holiday, down 0.6% from the previous day and 0.4% from the same day in 2025, which fell on the third day of the combined Mid-Autumn and National Day break.

TREE NEWS update: Hong Kong recorded more than 732,000 mainland visitor arrivals in the first three days of the National Day Golden Week, up about 8.4% year on year, Financial Secretary Paul Chan said. Immigration authorities expect roughly 1.29 million mainland visitors over the full Golden Week, with average daily arrivals rising more than 5% from a year earlier. Visitor numbers from Europe, the US and some emerging markets also posted notable growth this year.

TREE NEWS update: Iranian Foreign Minister Abbas Araghchi said on the 4th that any renewed military aggression against Iran would be met with a heavier counterstrike, while stressing Tehran remains fully ready to pursue a just solution through diplomacy. Speaking to foreign envoys in Tehran, he said continuing the war against Iran can be resolved neither militarily nor through new sanctions, and that the only way to end the conflict is negotiations based on dignity, justice and fairness.

TREE NEWS update: Iran’s parliamentary speaker Mohammad Bagher Qalibaf said on the 4th that the Strait of Hormuz will not reopen until Iran’s seven conditions, based on the Islamabad memorandum of understanding, are met. He said Washington has recently sent proposals through intermediaries and that the era of imposing unilateral demands through a war of attrition is over.

TREE NEWS update: OPEC+ has agreed in principle to hold its oil production target unchanged for November. The decision, if confirmed, keeps the group’s existing output levels in place for the month. No further details on the level or the timing of an official confirmation were provided.

TREE NEWS update: German Chancellor Friedrich Merz made an unannounced visit to Kyiv on October 4, German government officials said. During the trip he is set to announce €1 billion in military aid and €350 million for repairs to Ukraine’s energy sector, and to finalize an agreement on joint production of multiple types of drones.

TREE NEWS update: Latvia’s ruling coalition alliance, led by Prime Minister Andris Kulbergs, is leading in the country’s parliamentary election, according to preliminary results released on the 4th by the Central Election Commission. With about 95.4% of ballots counted, the United List alliance holds a wide lead over other political forces and is expected to win the most seats.

TREE NEWS reports: DWF Labs managing partner Andrei Grachev said that if Trump wins the midterm elections and distributes $5,000 to every adult, the payout would equal 150% of the pandemic-era helicopter money. Some of that money would certainly flow into crypto markets, potentially producing a bull run similar to 2021, he said on October 4.

TREE NEWS reports: Zhuhai’s border checkpoints with Hong Kong and Macau handled 2.24 million passenger crossings in the first three days of China’s National Day holiday, up about 5% year on year, the Zhuhai Border Inspection General Station said on October 4. Cross-border transport vehicles, vessels and aircraft totaled 130,000, up about 10% from a year earlier.

TREE NEWS reports: China’s highway EV charging network recorded 2.97 million charging sessions in the first three days of the National Day holiday, from Oct 1 to Oct 3, up 48.41% from the same period last year,700 highway charging points in the national monitoring platform. Charging volume reached 71.62 million kWh, averaging 23.87 million kWh per day, up 49.39% year on year.

TREE NEWS update: G20 trade ministers meeting in Milwaukee from Sept 30 to Oct 1 reached a joint statement on opposing the weaponization of food, but produced no outcome documents on overcapacity, forced labor or adjusting the most-favored-nation principle, China’s Commerce Ministry said. Most members opposed the MFN proposal, calling the principle the cornerstone of the multilateral trading system. China said it played a constructive, consensus-building role.

TREE NEWS update: Ecuador’s state oil company Petroecuador halted operations of the SOTE trans-Ecuadorian pipeline system on October 3 after a fire broke out at a pump station in Napo province. The company said it has asked the national oil-crime investigation unit and the National Police intervention and rescue group to investigate. The roughly 500-km SOTE is the key conduit for crude produced in the Amazon region.

TREE NEWS update: Iraq’s state oil tanker company confirmed on the 3rd that it used a large tanker to move 2 million barrels of crude out of the Strait of Hormuz for delivery to buyers waiting outside the strait. A company executive said this was the first time in decades the state-owned firm has delivered via this method. Other Gulf oil producers have long used ship-to-ship transfers to deliver outside the strait.

TREE NEWS update: Bank of China acted as joint lead underwriter and bookrunner for a 3 billion yuan three-year offshore renminbi dim sum bond issued by the Korea Development Bank, carrying a 1.69% coupon. The deal marks KDB’s largest-ever offshore renminbi public bond issuance.